Analyst Price Forecast Suggests 64.47% Upside
As of August 31, 2023, the average one-year price target for Harmony Biosciences Holdings is 59.67. The forecasts range from a low of 38.38 to a high of $75.60. The average price target represents an increase of 64.47% from its latest reported closing price of 36.28.
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The projected annual revenue for Harmony Biosciences Holdings is 591MM, an increase of 18.52%. The projected annual non-GAAP EPS is 2.76.
What is the Fund Sentiment?
There are 498 funds or institutions reporting positions in Harmony Biosciences Holdings. This is a decrease of 55 owner(s) or 9.95% in the last quarter. Average portfolio weight of all funds dedicated to HRMY is 0.39%, an increase of 2.20%. Total shares owned by institutions decreased in the last three months by 1.80% to 55,961K shares. The put/call ratio of HRMY is 0.91, indicating a bullish outlook.
What are Other Shareholders Doing?
Valor Management holds 11,218K shares representing 18.70% ownership of the company. No change in the last quarter.
Vivo Capital holds 2,606K shares representing 4.34% ownership of the company. No change in the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 2,102K shares representing 3.50% ownership of the company. In it's prior filing, the firm reported owning 2,157K shares, representing a decrease of 2.63%. The firm increased its portfolio allocation in HRMY by 1.70% over the last quarter.
FDGRX - Fidelity Growth Company Fund holds 1,765K shares representing 2.94% ownership of the company. In it's prior filing, the firm reported owning 1,783K shares, representing a decrease of 1.02%. The firm decreased its portfolio allocation in HRMY by 30.87% over the last quarter.
Adage Capital Partners Gp, L.l.c. holds 1,200K shares representing 2.00% ownership of the company. In it's prior filing, the firm reported owning 1,415K shares, representing a decrease of 17.92%. The firm decreased its portfolio allocation in HRMY by 11.46% over the last quarter.
Harmony Biosciences Holdings Background Information
(This description is provided by the company.)
Harmony Biosciences Holdings, Inc. operates as a pharmaceutical company. The Company focuses on the research, drug development, and treatment for neurologic disorder of sleep-wake state instability. Harmony Biosciences Holdings serves patients in the United States.
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