Fintel reports that on June 21, 2024, Citigroup initiated coverage of Harmony Biosciences Holdings (NasdaqGM:HRMY) with a Buy recommendation.
Analyst Price Forecast Suggests 45.57% Upside
As of June 12, 2024, the average one-year price target for Harmony Biosciences Holdings is 43.86. The forecasts range from a low of 28.28 to a high of $58.80. The average price target represents an increase of 45.57% from its latest reported closing price of 30.13.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Harmony Biosciences Holdings is 761MM, an increase of 23.27%. The projected annual non-GAAP EPS is 4.25.
What is the Fund Sentiment?
There are 487 funds or institutions reporting positions in Harmony Biosciences Holdings. This is an decrease of 26 owner(s) or 5.07% in the last quarter. Average portfolio weight of all funds dedicated to HRMY is 0.35%, an increase of 0.85%. Total shares owned by institutions increased in the last three months by 4.19% to 53,842K shares. 
The put/call ratio of HRMY is 1.65, indicating a bearish outlook.
What are Other Shareholders Doing?
Valor Management holds 11,218K shares representing 19.75% ownership of the company. No change in the last quarter.
Vivo Capital holds 2,606K shares representing 4.59% ownership of the company. No change in the last quarter.
Pacer Advisors holds 2,495K shares representing 4.39% ownership of the company. In its prior filing, the firm reported owning 1,225K shares , representing an increase of 50.90%. The firm increased its portfolio allocation in HRMY by 72.01% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 2,224K shares representing 3.92% ownership of the company. In its prior filing, the firm reported owning 2,203K shares , representing an increase of 0.95%. The firm increased its portfolio allocation in HRMY by 0.53% over the last quarter.
FDGRX - Fidelity Growth Company Fund holds 1,753K shares representing 3.09% ownership of the company. In its prior filing, the firm reported owning 1,775K shares , representing a decrease of 1.22%. The firm decreased its portfolio allocation in HRMY by 6.79% 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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