Lexeo Therapeutics, Inc. (NASDAQ:LXEO – Free Report) – Equities researchers at Chardan Capital decreased their FY2024 EPS estimates for shares of Lexeo Therapeutics in a research report issued to clients and investors on Wednesday, August 14th. Chardan Capital analyst G. Livshits now anticipates that the company will post earnings of ($2.93) per share for the year, down from their previous estimate of ($2.54). Chardan Capital currently has a “Buy” rating and a $23.00 target price on the stock. The consensus estimate for Lexeo Therapeutics’ current full-year earnings is ($2.65) per share.
Lexeo Therapeutics (NASDAQ:LXEO – Get Free Report) last issued its quarterly earnings data on Monday, August 12th. The company reported ($0.64) EPS for the quarter, hitting analysts’ consensus estimates of ($0.64).
Check Out Our Latest Stock Report on Lexeo Therapeutics
Lexeo Therapeutics Trading Up 2.4 %
LXEO opened at $12.17 on Monday. The company has a current ratio of 9.16, a quick ratio of 9.16 and a debt-to-equity ratio of 0.01. The firm has a market cap of $400.94 million and a price-to-earnings ratio of -0.55. Lexeo Therapeutics has a 12 month low of $9.00 and a 12 month high of $22.33. The stock has a fifty day moving average price of $13.95 and a 200-day moving average price of $14.43.
Institutional Trading of Lexeo Therapeutics
A number of hedge funds have recently modified their holdings of LXEO. Eventide Asset Management LLC acquired a new position in Lexeo Therapeutics in the fourth quarter valued at approximately $40,298,000. Janus Henderson Group PLC lifted its stake in shares of Lexeo Therapeutics by 9.0% in the 1st quarter. Janus Henderson Group PLC now owns 2,540,785 shares of the company’s stock valued at $39,802,000 after purchasing an additional 210,047 shares during the period. Omega Fund Management LLC purchased a new stake in Lexeo Therapeutics during the fourth quarter worth $28,955,000. Artal Group S.A. grew its position in Lexeo Therapeutics by 32.9% during the first quarter. Artal Group S.A. now owns 801,716 shares of the company’s stock valued at $12,571,000 after buying an additional 198,281 shares during the period. Finally, Blackstone Inc. purchased a new position in Lexeo Therapeutics in the fourth quarter valued at $9,342,000. Hedge funds and other institutional investors own 60.67% of the company’s stock.
Insider Buying and Selling at Lexeo Therapeutics
In other news, CEO Richard Nolan Townsend sold 5,000 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $11.53, for a total value of $57,650.00. Following the sale, the chief executive officer now owns 120,695 shares in the company, valued at $1,391,613.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 4.50% of the company’s stock.
Lexeo Therapeutics Company Profile
Lexeo Therapeutics, Inc operates as a clinical stage genetic medicine company that focuses on hereditary and acquired diseases. The company develops LX2006, which is an AAVrh10-based gene therapy candidate for the treatment of Friedreich's ataxia (FA) cardiomyopathy; LX2020, an AAVrh10-based gene therapy candidate for the treatment of plakophilin-2 arrhythmogenic cardiomyopathy; LX2021, a gene therapy candidate for the treatment of DSP cardiomyopathy associated with it; and LX2022, a gene therapy candidate for the treatment of hypertrophic cardiomyopathy, or HCM caused by TNNI3 gene.
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