Viridian Therapeutics (NASDAQ:VRDN) Issues Earnings Results

Viridian Therapeutics (NASDAQ:VRDN) released its quarterly earnings data on Thursday. The company reported ($0.81) EPS for the quarter, beating the consensus estimate of ($1.05) by $0.24, Zacks reports. Viridian Therapeutics had a negative net margin of 85,127.16% and a negative return on equity of 70.12%.

Viridian Therapeutics Price Performance

Shares of NASDAQ VRDN traded down $0.24 during trading hours on Thursday, hitting $15.29. 783,003 shares of the stock were exchanged, compared to its average volume of 1,109,766. The company’s fifty day simple moving average is $18.34 and its two-hundred day simple moving average is $19.66. The company has a market cap of $1.21 billion, a PE ratio of -3.55 and a beta of 1.32. The company has a debt-to-equity ratio of 0.04, a quick ratio of 18.55 and a current ratio of 18.55. Viridian Therapeutics has a 1-year low of $11.40 and a 1-year high of $27.20.

Analyst Upgrades and Downgrades

VRDN has been the topic of several research analyst reports. HC Wainwright reissued a “buy” rating and issued a $34.00 price target on shares of Viridian Therapeutics in a report on Monday, December 16th. TD Cowen initiated coverage on Viridian Therapeutics in a research note on Monday, November 25th. They set a “buy” rating on the stock. Needham & Company LLC reissued a “buy” rating and set a $38.00 price target on shares of Viridian Therapeutics in a report on Tuesday, January 7th. Wells Fargo & Company reiterated an “equal weight” rating and set a $27.00 price objective (down previously from $37.00) on shares of Viridian Therapeutics in a research report on Thursday, December 19th. Finally, Royal Bank of Canada lifted their target price on Viridian Therapeutics from $44.00 to $47.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Viridian Therapeutics currently has an average rating of “Moderate Buy” and a consensus price target of $35.70.

About Viridian Therapeutics

Viridian Therapeutics, Inc, a biotechnology company, discover and develops treatments for serious and rare diseases. The company's product pipeline includes VRDN-001, a monoclonal antibody targeting insulin-like growth factor-1 receptor that is in Phase 3 clinical trial for the treatment of thyroid eye disease (TED); and VRDN-003, a next generation IGF-1R humanized monoclonal antibodies targeting IGF-1R and incorporating half-life extension technology for the treatment of TED.