Dov A. Md Goldstein Sells 800,000 Shares of Esperion Therapeutics Inc (ESPR) Stock

Esperion Therapeutics Inc (NASDAQ:ESPR) Director Dov A. Md Goldstein sold 800,000 shares of the stock in a transaction that occurred on Wednesday, March 22nd. The stock was sold at an average price of $41.66, for a total value of $33,328,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Esperion Therapeutics Inc (NASDAQ:ESPR) opened at 38.94 on Monday. The firm’s 50-day moving average price is $27.73 and its 200 day moving average price is $16.01. The company’s market capitalization is $878.29 million. Esperion Therapeutics Inc has a one year low of $9.40 and a one year high of $48.21.

Esperion Therapeutics (NASDAQ:ESPR) last posted its quarterly earnings data on Wednesday, February 22nd. The biopharmaceutical company reported ($1.29) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.24) by $0.05. During the same quarter last year, the company earned ($0.58) earnings per share. On average, equities research analysts expect that Esperion Therapeutics Inc will post ($6.04) earnings per share for the current fiscal year.

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Several hedge funds have recently modified their holdings of the company. Pentwater Capital Management LP boosted its stake in shares of Esperion Therapeutics by 19.0% in the fourth quarter. Pentwater Capital Management LP now owns 1,828,000 shares of the biopharmaceutical company’s stock worth $22,887,000 after buying an additional 292,000 shares in the last quarter. BB Biotech AG boosted its stake in shares of Esperion Therapeutics by 29.7% in the third quarter. BB Biotech AG now owns 1,308,542 shares of the biopharmaceutical company’s stock worth $18,123,000 after buying an additional 300,000 shares in the last quarter. Senzar Asset Management LLC bought a new stake in shares of Esperion Therapeutics during the fourth quarter worth approximately $4,557,000. JPMorgan Chase & Co. boosted its stake in shares of Esperion Therapeutics by 27.6% in the third quarter. JPMorgan Chase & Co. now owns 181,400 shares of the biopharmaceutical company’s stock worth $2,512,000 after buying an additional 39,239 shares in the last quarter. Finally, J. Goldman & Co LP bought a new stake in shares of Esperion Therapeutics during the fourth quarter worth approximately $2,028,000. 64.65% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have recently commented on the company. JPMorgan Chase & Co. reissued a “hold” rating and issued a $50.00 price objective (up from $22.00) on shares of Esperion Therapeutics in a research note on Monday, March 20th. Citigroup Inc set a $39.00 target price on Esperion Therapeutics and gave the company a “buy” rating in a report on Monday, March 20th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $45.00 target price on shares of Esperion Therapeutics in a report on Monday, March 20th. Needham & Company LLC upped their target price on Esperion Therapeutics from $25.00 to $58.00 and gave the company a “strong-buy” rating in a report on Monday, March 20th. Finally, Credit Suisse Group AG raised Esperion Therapeutics from an “underperform” rating to a “neutral” rating and set a $29.00 target price for the company in a report on Monday, March 20th. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $33.39.

About Esperion Therapeutics

Esperion Therapeutics, Inc is a lipid management company. The Company is a late-stage pharmaceutical company focused on developing and commercializing once-daily, oral therapies for the treatment of patients with elevated low-density lipoprotein cholesterol (LDL-C). With a targeted mechanism of action, bempedoic acid, the Company’s lead product candidate, is an orally available, once-daily adenosine triphosphate (ATP)-citrate lyase (ACL) inhibitor that reduces cholesterol biosynthesis and lowers elevated levels of LDL-C by up-regulating the LDL receptor, but with reduced potential for muscle-related side effects.

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