Vir Biotechnology (NASDAQ:VIR – Get Free Report) posted its quarterly earnings data on Thursday. The company reported ($0.48) earnings per share for the quarter, topping the consensus estimate of ($0.99) by $0.51, Briefing.com reports. The company had revenue of $56.38 million during the quarter, compared to analysts’ expectations of $11.71 million. Vir Biotechnology had a negative net margin of 713.69% and a negative return on equity of 34.92%. Vir Biotechnology’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.06) earnings per share.
Vir Biotechnology Stock Performance
Shares of Vir Biotechnology stock traded up $1.21 during mid-day trading on Friday, hitting $10.39. 1,690,966 shares of the stock were exchanged, compared to its average volume of 1,050,141. The company has a 50-day simple moving average of $9.82 and a 200 day simple moving average of $9.59. The company has a market capitalization of $1.40 billion, a P/E ratio of -2.26 and a beta of 0.47. Vir Biotechnology has a 12 month low of $7.61 and a 12 month high of $27.48.
Insider Buying and Selling at Vir Biotechnology
In other Vir Biotechnology news, CEO Backer Marianne De sold 72,995 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $9.46, for a total value of $690,532.70. Following the sale, the chief executive officer now directly owns 678,457 shares in the company, valued at $6,418,203.22. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Backer Marianne De sold 72,995 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $9.46, for a total transaction of $690,532.70. Following the sale, the chief executive officer now directly owns 678,457 shares in the company, valued at approximately $6,418,203.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ann M. Hanly sold 2,711 shares of Vir Biotechnology stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $10.05, for a total transaction of $27,245.55. Following the completion of the transaction, the executive vice president now owns 132,069 shares of the company’s stock, valued at $1,327,293.45. The disclosure for this sale can be found here. Insiders sold 152,831 shares of company stock worth $1,525,844 in the last quarter. 15.60% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
About Vir Biotechnology
Vir Biotechnology, Inc, a commercial-stage immunology company, develops therapeutic products to treat and prevent serious infectious diseases. It offers tobevibart + elebsiran for the treatment of chronic hepatitis delta; elebsiran + PEG-IFN-a, tobevibart ± elebsiran ± PEG-IFN-a, and elebsiran+ TLR8+PD-1 for the treatment of chronic hepatitis B; VIR-1388 and Cure mAb combination for the treatment of human immunodeficiency virus; VIR-8190 for the treatment of respiratory syncytial virus / human metapneumovirus; VIR-2981 for the treatment of influenza; VIR-1949 for the treatment of pre-cancerous HPV lesions; and VIR07229 and Sotrovimab for the treatment of COVID-19 infection under the Xevudy brand.
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