ARDX stock icon

Ardelyx
ARDX

$5.99
1.53%

Market Cap: $1.41B

 

About: Ardelyx Inc is a biotechnology company focused on the discovery, development, and commercialization of innovative, first-in-class medicines that meet significant unmet medical needs. The company has a proprietary drug discovery and design platform. Its lead product candidate is tenapanor, which aims to reduce the absorption of dietary sodium and phosphorus for the treatment of kidney disease, irritable bowel syndrome with constipation, and hyperphosphatemia in patients with dialysis.

Employees: 267

0
Funds holding %
of 6,710 funds
0
Analysts bullish %
of 6 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 2 [Q1] → 4 (+2) [Q2]

17% more first-time investments, than exits

New positions opened: 41 | Existing positions closed: 35

10% more repeat investments, than reductions

Existing positions increased: 66 | Existing positions reduced: 60

3% more funds holding

Funds holding: 186 [Q1] → 192 (+6) [Q2]

2% more capital invested

Capital invested by funds: $1.05B [Q1] → $1.07B (+$17.3M) [Q2]

0.24% less ownership

Funds ownership: 61.69% [Q1] → 61.45% (-0.24%) [Q2]

13% less call options, than puts

Call options by funds: $18M | Put options by funds: $20.6M

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$10
67%
upside
Avg. target
$10.83
81%
upside
High target
$12
100%
upside

6 analyst ratings

positive
100%
neutral
0%
negative
0%
HC Wainwright & Co.
Ed Arce
43% 1-year accuracy
60 / 140 met price target
84%upside
$11
Buy
Maintained
5 Aug 2024
Citigroup
Yigal Nochomovitz
45% 1-year accuracy
17 / 38 met price target
100%upside
$12
Buy
Maintained
2 Aug 2024
Wedbush
Laura Chico
50% 1-year accuracy
37 / 74 met price target
84%upside
$11
Outperform
Reiterated
2 Aug 2024
HC Wainwright & Co.
Ed Arce
43% 1-year accuracy
60 / 140 met price target
67%upside
$10
Buy
Reiterated
18 Jul 2024
Wedbush
Laura Chico
50% 1-year accuracy
37 / 74 met price target
84%upside
$11
Outperform
Reiterated
18 Jul 2024

Financial journalist opinion

Based on 251 articles about ARDX published over the past 30 days