Q3 2019 EPS Estimates for Biohaven Pharmaceutical Holding Co Ltd Cut by Analyst (NYSE:BHVN)

Biohaven Pharmaceutical Holding Co Ltd (NYSE:BHVN) – Investment analysts at Svb Leerink decreased their Q3 2019 earnings per share estimates for shares of Biohaven Pharmaceutical in a research note issued to investors on Monday, August 12th. Svb Leerink analyst M. Goodman now expects that the company will earn ($1.90) per share for the quarter, down from their prior estimate of ($1.57). Svb Leerink currently has a “Outperform” rating and a $67.00 target price on the stock. Svb Leerink also issued estimates for Biohaven Pharmaceutical’s Q4 2019 earnings at ($2.69) EPS, FY2019 earnings at ($8.35) EPS, FY2020 earnings at ($7.55) EPS, FY2021 earnings at ($4.15) EPS and FY2022 earnings at $1.70 EPS.

Biohaven Pharmaceutical (NYSE:BHVN) last released its earnings results on Thursday, August 8th. The company reported ($2.35) earnings per share for the quarter, missing the consensus estimate of ($2.09) by ($0.26).



Several other research firms have also recently weighed in on BHVN. Zacks Investment Research cut Biohaven Pharmaceutical from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Oppenheimer set a $68.00 target price on Biohaven Pharmaceutical and gave the stock a “buy” rating in a research note on Wednesday, June 19th. Barclays restated a “hold” rating and set a $55.00 target price on shares of Biohaven Pharmaceutical in a research note on Friday, May 31st. Canaccord Genuity restated a “buy” rating and set a $84.00 target price (down from $89.00) on shares of Biohaven Pharmaceutical in a research note on Tuesday, June 25th. Finally, Piper Jaffray Companies upped their target price on Biohaven Pharmaceutical from $75.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 8th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Biohaven Pharmaceutical currently has an average rating of “Buy” and a consensus price target of $69.55.

NYSE BHVN opened at $39.22 on Thursday. The business has a fifty day moving average price of $42.48 and a two-hundred day moving average price of $50.30. Biohaven Pharmaceutical has a fifty-two week low of $29.17 and a fifty-two week high of $67.86. The stock has a market capitalization of $1.96 billion, a PE ratio of -6.38 and a beta of 0.24.

In other news, CFO James Engelhart purchased 2,500 shares of the company’s stock in a transaction dated Thursday, June 27th. The stock was bought at an average cost of $43.05 per share, for a total transaction of $107,625.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Vlad Coric purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, June 26th. The stock was purchased at an average price of $40.22 per share, with a total value of $201,100.00. The disclosure for this purchase can be found here. Insiders bought a total of 17,500 shares of company stock valued at $712,425 over the last quarter. 23.90% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Manchester Capital Management LLC bought a new position in shares of Biohaven Pharmaceutical in the 1st quarter valued at $52,000. Tower Research Capital LLC TRC bought a new position in Biohaven Pharmaceutical during the 2nd quarter worth $65,000. Aperio Group LLC bought a new position in Biohaven Pharmaceutical during the 2nd quarter worth $71,000. Glen Harbor Capital Management LLC raised its position in Biohaven Pharmaceutical by 165.9% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 1,744 shares of the company’s stock worth $76,000 after purchasing an additional 1,088 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Biohaven Pharmaceutical by 94.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,256 shares of the company’s stock worth $99,000 after purchasing an additional 1,097 shares during the last quarter. Institutional investors own 85.14% of the company’s stock.

Biohaven Pharmaceutical Company Profile

Biohaven Pharmaceutical Holding Company Ltd., a clinical-stage biopharmaceutical company, develops late-stage products candidates targeting neurological diseases in the United States. Its clinical stage products include Rimegepant, a product that has completed phase III trials and is in long-term safety ongoing process for acute treatment and prevention of migraine; BHV-3500 that has completed phase I clinical trial for acute treatment and prevention of migraine; and Troriluzole that has completed II/III randomization phase and is ongoing extension trial for ataxias.

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Earnings History and Estimates for Biohaven Pharmaceutical (NYSE:BHVN)

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