Aurinia Pharmaceuticals’ (AUPH) “Outperform” Rating Reiterated at FBR & Co

FBR & Co restated their outperform rating on shares of Aurinia Pharmaceuticals Inc (NASDAQ:AUPH) (TSE:AUP) in a research note released on Wednesday. They currently have a $11.00 price target on the stock, up from their previous price target of $9.00.

Other equities research analysts have also recently issued research reports about the stock. Canaccord Genuity set a $10.00 price objective on shares of Aurinia Pharmaceuticals and gave the stock a buy rating in a research report on Saturday, March 11th. Zacks Investment Research raised shares of Aurinia Pharmaceuticals from a sell rating to a hold rating in a research report on Monday, March 20th. HC Wainwright upped their price objective on shares of Aurinia Pharmaceuticals from $8.00 to $12.00 and gave the stock a positive rating in a research report on Friday, March 3rd. Finally, Leerink Swann reissued an outperform rating and issued a $7.00 target price on shares of Aurinia Pharmaceuticals in a report on Sunday, December 4th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Aurinia Pharmaceuticals presently has a consensus rating of Buy and an average price target of $9.25.

Shares of Aurinia Pharmaceuticals (NASDAQ:AUPH) opened at 8.02 on Wednesday. The stock’s 50 day moving average is $5.48 and its 200 day moving average is $3.56. The firm’s market cap is $428.49 million. Aurinia Pharmaceuticals has a 12 month low of $1.74 and a 12 month high of $10.54.

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Several hedge funds and other institutional investors have recently bought and sold shares of AUPH. Creative Planning bought a new position in Aurinia Pharmaceuticals during the third quarter worth approximately $181,000. Oxford Asset Management purchased a new position in Aurinia Pharmaceuticals during the fourth quarter valued at about $211,000. Redmile Group LLC increased its position in Aurinia Pharmaceuticals by 560.4% in the third quarter. Redmile Group LLC now owns 187,610 shares of the company’s stock valued at $565,000 after buying an additional 159,200 shares in the last quarter. SG Americas Securities LLC purchased a new position in Aurinia Pharmaceuticals during the third quarter valued at about $1,123,000. Finally, Acuta Capital Partners LLC purchased a new position in Aurinia Pharmaceuticals during the fourth quarter valued at about $2,100,000. 7.96% of the stock is owned by hedge funds and other institutional investors.

Aurinia Pharmaceuticals Company Profile

Aurinia Pharmaceuticals Inc is a Canada-based clinical-stage biopharmaceutical company operating in the field of nephrology and autoimmunity. The Company’s primary business is the development of a therapeutic drug to treat autoimmune diseases, in particular lupus nephritis (LN). It is focused on the development of its lead compound voclosporin, a therapeutic immunomodulating drug candidate, which is a second-generation calcineurin inhibitors (CNI) to treat patients afflicted with LN.

5 Day Chart for NASDAQ:AUPH

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