Valeritas Holdings’ (NASDAQ:VLRX) lock-up period is set to expire on Tuesday, September 19th. Valeritas Holdings had issued 5,250,000 shares in its IPO on March 23rd. The total size of the offering was $52,500,000 based on an initial share price of $10.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.
Several brokerages recently commented on VLRX. B. Riley reissued a “buy” rating and issued a $10.00 price objective on shares of Valeritas Holdings in a research note on Wednesday, May 17th. ValuEngine downgraded shares of Valeritas Holdings from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 19th. Finally, Wedbush began coverage on shares of Valeritas Holdings in a research note on Monday, July 10th. They issued an “outperform” rating and a $12.00 price objective for the company.
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Valeritas Holdings (NASDAQ VLRX) opened at 3.26 on Thursday. The company has a 50-day moving average of $3.35 and a 200 day moving average of $3.46. The company’s market cap is $22.30 million. Valeritas Holdings has a 52 week low of $3.00 and a 52 week high of $6.25.
Valeritas Holdings (NASDAQ:VLRX) last issued its quarterly earnings data on Friday, August 11th. The company reported ($1.83) EPS for the quarter, beating the consensus estimate of ($1.87) by $0.04. The firm had revenue of $4.79 million for the quarter, compared to analysts’ expectations of $5.11 million. On average, equities analysts forecast that Valeritas Holdings will post ($8.60) EPS for the current fiscal year.
An institutional investor recently bought a new position in Valeritas Holdings stock. HighTower Advisors LLC bought a new stake in shares of Valeritas Holdings, Inc. (NASDAQ:VLRX) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 27,400 shares of the company’s stock, valued at approximately $195,000. HighTower Advisors LLC owned about 1.67% of Valeritas Holdings at the end of the most recent reporting period. 6.01% of the stock is currently owned by institutional investors.
Valeritas Holdings Company Profile
Valeritas, Inc is a United States-based company, which is engaged in developing and commercializing treatment solutions that contribute to clinical outcomes for patients. The Company’s portfolio includes V-Go disposable insulin delivery device, which is distributed through retail pharmacy. Its V-Go delivers insulin at a continuous preset basal rate and bolus dosing for adults with Type 2 diabetes requiring insulin.
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