Rhythm Pharmaceuticals, Inc. (NASDAQ:RYTM) EVP Sells $102,347.85 in Stock

Rhythm Pharmaceuticals, Inc. (NASDAQ:RYTMGet Free Report) EVP Jennifer Kayden Lee sold 1,815 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $56.39, for a total value of $102,347.85. Following the transaction, the executive vice president now directly owns 3,598 shares in the company, valued at $202,891.22. The trade was a 33.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Jennifer Kayden Lee also recently made the following trade(s):

  • On Monday, February 10th, Jennifer Kayden Lee sold 4,189 shares of Rhythm Pharmaceuticals stock. The shares were sold at an average price of $58.91, for a total transaction of $246,773.99.
  • On Tuesday, February 4th, Jennifer Kayden Lee sold 1,447 shares of Rhythm Pharmaceuticals stock. The shares were sold at an average price of $59.43, for a total transaction of $85,995.21.

Rhythm Pharmaceuticals Stock Performance

RYTM opened at $56.69 on Friday. Rhythm Pharmaceuticals, Inc. has a fifty-two week low of $35.17 and a fifty-two week high of $68.58. The firm has a 50-day moving average of $57.06 and a 200 day moving average of $53.63. The firm has a market cap of $3.48 billion, a P/E ratio of -13.09 and a beta of 2.14.

Analysts Set New Price Targets

A number of research firms recently weighed in on RYTM. Oppenheimer began coverage on shares of Rhythm Pharmaceuticals in a report on Friday, December 20th. They issued an “outperform” rating and a $76.00 target price on the stock. Jefferies Financial Group assumed coverage on Rhythm Pharmaceuticals in a report on Thursday, January 2nd. They issued a “buy” rating and a $80.00 target price on the stock. JMP Securities reiterated a “market outperform” rating and set a $75.00 price target on shares of Rhythm Pharmaceuticals in a report on Monday, December 23rd. Canaccord Genuity Group restated a “buy” rating and set a $80.00 price objective on shares of Rhythm Pharmaceuticals in a research note on Tuesday, November 19th. Finally, The Goldman Sachs Group upped their target price on shares of Rhythm Pharmaceuticals from $59.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $68.09.

Check Out Our Latest Stock Report on Rhythm Pharmaceuticals

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Castleark Management LLC raised its holdings in shares of Rhythm Pharmaceuticals by 1.3% in the 3rd quarter. Castleark Management LLC now owns 19,260 shares of the company’s stock worth $1,009,000 after purchasing an additional 250 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Rhythm Pharmaceuticals by 21.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,211 shares of the company’s stock worth $114,000 after buying an additional 391 shares during the last quarter. SRS Capital Advisors Inc. raised its stake in shares of Rhythm Pharmaceuticals by 740.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 454 shares of the company’s stock valued at $25,000 after buying an additional 400 shares during the period. Raleigh Capital Management Inc. purchased a new position in shares of Rhythm Pharmaceuticals during the 4th quarter valued at $28,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Rhythm Pharmaceuticals during the 4th quarter worth $37,000.

About Rhythm Pharmaceuticals

(Get Free Report)

Rhythm Pharmaceuticals, Inc, a commercial-stage biopharmaceutical company, focuses on the rare neuroendocrine diseases. The company's lead product candidate is IMCIVREE (setmelanotide), a rare melanocortin-4 receptor for the treatment of pro-opiomelanocortin (POMC), proprotein convertase subtilisin/kexin type 1, leptin receptor (LEPR) deficiency obesity, and Bardet-Biedl and Alström syndrome.

Further Reading

Insider Buying and Selling by Quarter for Rhythm Pharmaceuticals (NASDAQ:RYTM)

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