Key Points
- Alpha Cognition COO Lauren D'angelo bought 3,500 shares on May 19 at an average price of $5.76, increasing her holdings by 2.55% to 140,695 shares.
- The company recently reported quarterly EPS of ($0.37), beating estimates of ($0.41), and revenue of $3.53 million, also slightly above expectations.
- Analyst sentiment is mixed but still constructive overall: the stock has a consensus Buy rating and an average price target of $16.00, though one firm recently downgraded it to Sell.
Alpha Cognition Inc. (NASDAQ:ACOG - Get Free Report) COO Lauren D'angelo acquired 3,500 shares of the firm's stock in a transaction on Tuesday, May 19th. The stock was purchased at an average cost of $5.76 per share, with a total value of $20,160.00. Following the purchase, the chief operating officer owned 140,695 shares of the company's stock, valued at $810,403.20. The trade was a 2.55% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Alpha Cognition Stock Performance
Shares of NASDAQ ACOG opened at $5.80 on Wednesday. Alpha Cognition Inc. has a fifty-two week low of $4.50 and a fifty-two week high of $11.54. The company has a market cap of $126.27 million, a price-to-earnings ratio of -4.30 and a beta of 2.38. The business's 50 day moving average price is $6.07 and its 200-day moving average price is $5.91.
Alpha Cognition (NASDAQ:ACOG - Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.37) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.04. Alpha Cognition had a negative return on equity of 58.35% and a negative net margin of 232.23%.The company had revenue of $3.53 million for the quarter, compared to the consensus estimate of $3.42 million. Sell-side analysts predict that Alpha Cognition Inc. will post -1.34 earnings per share for the current year.
Analyst Ratings Changes
ACOG has been the subject of several research analyst reports. Craig Hallum assumed coverage on shares of Alpha Cognition in a research note on Friday, April 17th. They set a "buy" rating and a $14.00 price target for the company. Wall Street Zen cut Alpha Cognition from a "hold" rating to a "sell" rating in a report on Saturday, May 2nd. Finally, HC Wainwright restated a "buy" rating and set a $18.00 price target on shares of Alpha Cognition in a research note on Monday, April 27th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $16.00.
Get Our Latest Report on ACOG
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in ACOG. Aristides Capital LLC boosted its position in Alpha Cognition by 1.4% during the first quarter. Aristides Capital LLC now owns 218,510 shares of the company's stock valued at $1,200,000 after purchasing an additional 3,052 shares in the last quarter. Berkshire Asset Management LLC PA grew its position in shares of Alpha Cognition by 50.7% in the 3rd quarter. Berkshire Asset Management LLC PA now owns 17,824 shares of the company's stock worth $116,000 after buying an additional 6,000 shares during the last quarter. Villere ST Denis J & Co. LLC raised its stake in shares of Alpha Cognition by 13.2% during the 4th quarter. Villere ST Denis J & Co. LLC now owns 73,875 shares of the company's stock worth $480,000 after acquiring an additional 8,617 shares in the last quarter. Green Alpha Advisors LLC acquired a new stake in Alpha Cognition in the fourth quarter valued at approximately $72,000. Finally, Geode Capital Management LLC purchased a new position in Alpha Cognition in the second quarter worth $112,000.
Alpha Cognition Company Profile
(
Get Free Report)
Alpha Cognition, Inc is a clinical stage biopharmaceutical company that develops treatments for underserved neurodegenerative diseases such as Alzheimer's Dementia and Amyotrophic Lateral Sclerosis. The company was founded in 2000 and is headquartered in Vancouver, Canada.
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