Kiniksa Pharmaceuticals (NASDAQ:KNSA) Issues Earnings Results

Kiniksa Pharmaceuticals (NASDAQ:KNSA) announced its quarterly earnings results on Thursday. The company reported ($0.65) EPS for the quarter, missing analysts’ consensus estimates of ($0.63) by ($0.02), MarketWatch Earnings reports.

KNSA stock opened at $19.52 on Friday. Kiniksa Pharmaceuticals has a 12 month low of $5.01 and a 12 month high of $28.67. The company’s 50-day moving average price is $22.78 and its two-hundred day moving average price is $19.04.

KNSA has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Kiniksa Pharmaceuticals from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Wedbush increased their price target on shares of Kiniksa Pharmaceuticals from $30.00 to $38.00 in a research note on Monday, June 29th. BidaskClub cut shares of Kiniksa Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Saturday. ValuEngine cut shares of Kiniksa Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Thursday, July 2nd. Finally, BofA Securities raised their target price on shares of Kiniksa Pharmaceuticals from $25.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $31.14.

In other Kiniksa Pharmaceuticals news, EVP Thomas W. Beetham sold 29,589 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $25.37, for a total value of $750,672.93. Following the transaction, the executive vice president now directly owns 2,855 shares of the company’s stock, valued at approximately $72,431.35. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Thomas W. Beetham sold 13,752 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $25.07, for a total transaction of $344,762.64. Following the completion of the transaction, the executive vice president now directly owns 43,341 shares in the company, valued at $1,086,558.87. The disclosure for this sale can be found here. 70.63% of the stock is owned by company insiders.

Kiniksa Pharmaceuticals Company Profile

Kiniksa Pharmaceuticals, Ltd., a clinical-stage biopharmaceutical company, focuses on the discovering, acquiring, developing, and commercializing therapeutic medicines for patients suffering from debilitating diseases with significant unmet medical need worldwide. Its clinical-stage product candidates include Rilonacept, which is in Phase II clinical trials for the treatment of recurrent pericarditis, an inflammatory cardiovascular disease; Mavrilimumab, a monoclonal antibody for the treatment of giant cell arteritis; and KPL-716, a monoclonal antibody, which is in Phase 1a/1b clinical trial for the treatment of prurigo nodularis and atopic dermatitis.

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Earnings History for Kiniksa Pharmaceuticals (NASDAQ:KNSA)

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