BioDelivery Sciences International (BDSI) Announces Earnings Results, Beats Estimates By $0.03 EPS

BioDelivery Sciences International (NASDAQ:BDSI) issued its quarterly earnings results on Monday. The specialty pharmaceutical company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03, Fidelity Earnings reports. BioDelivery Sciences International had a negative net margin of 60.87% and a negative return on equity of 79.59%. The company had revenue of $19.77 million during the quarter, compared to analysts’ expectations of $19.60 million.

NASDAQ:BDSI opened at $4.90 on Wednesday. The stock has a market cap of $350.85 million, a price-to-earnings ratio of -6.71 and a beta of 0.41. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.07 and a quick ratio of 2.82. BioDelivery Sciences International has a fifty-two week low of $1.70 and a fifty-two week high of $5.37.

A number of analysts have weighed in on the stock. Cantor Fitzgerald set a $8.00 price objective on shares of BioDelivery Sciences International and gave the company a “buy” rating in a research note on Friday, April 26th. BidaskClub lowered shares of BioDelivery Sciences International from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. Zacks Investment Research lowered shares of BioDelivery Sciences International from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th. SunTrust Banks assumed coverage on shares of BioDelivery Sciences International in a research note on Tuesday, March 19th. They set a “buy” rating and a $7.00 price objective for the company. Finally, HC Wainwright restated a “buy” rating and set a $6.00 price objective on shares of BioDelivery Sciences International in a research note on Friday, March 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $5.79.

In other news, Director Mark A. Sirgo sold 9,050 shares of BioDelivery Sciences International stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $5.20, for a total value of $47,060.00. Following the completion of the sale, the director now directly owns 2,509,005 shares in the company, valued at $13,046,826. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Healthcare Master Fun Broadfin sold 2,000,000 shares of BioDelivery Sciences International stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $5.00, for a total transaction of $10,000,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,048,050 shares of company stock valued at $10,243,350. 13.26% of the stock is owned by company insiders.

An institutional investor recently raised its position in BioDelivery Sciences International stock. Geode Capital Management LLC lifted its stake in BioDelivery Sciences International, Inc. (NASDAQ:BDSI) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 517,620 shares of the specialty pharmaceutical company’s stock after acquiring an additional 5,628 shares during the quarter. Geode Capital Management LLC owned 0.73% of BioDelivery Sciences International worth $1,915,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 56.96% of the company’s stock.

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BioDelivery Sciences International Company Profile

BioDelivery Sciences International, Inc, a specialty pharmaceutical company, engages in the development and commercialization of pharmaceutical products principally in the areas of pain management and addiction. The company provides its products based on its patented BioErodible MucoAdhesive drug delivery technology, a small erodible polymer film for application to the buccal mucosa, as well as other drug delivery technologies.

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Earnings History for BioDelivery Sciences International (NASDAQ:BDSI)

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