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Enliven Therapeutics (NASDAQ:ELVN) Announces Earnings Results

Enliven Therapeutics logo with Medical background
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Enliven Therapeutics (NASDAQ:ELVN - Get Free Report) announced its earnings results on Thursday. The company reported ($0.46) EPS for the quarter, topping the consensus estimate of ($0.53) by $0.07, Zacks reports. The firm had revenue of $0.03 million for the quarter.

Enliven Therapeutics Stock Up 2.2 %

Shares of Enliven Therapeutics stock traded up $0.45 on Friday, hitting $20.74. 205,365 shares of the company traded hands, compared to its average volume of 230,869. The company has a 50-day moving average price of $21.59 and a 200 day moving average price of $23.82. Enliven Therapeutics has a 12-month low of $10.90 and a 12-month high of $30.03. The company has a market cap of $1.01 billion, a PE ratio of -10.92 and a beta of 1.04.

Insider Activity

In related news, COO Anish Patel sold 6,667 shares of Enliven Therapeutics stock in a transaction on Friday, March 7th. The shares were sold at an average price of $21.44, for a total value of $142,940.48. Following the completion of the sale, the chief operating officer now owns 323,310 shares of the company's stock, valued at approximately $6,931,766.40. The trade was a 2.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Benjamin Hohl sold 3,350 shares of Enliven Therapeutics stock in a transaction on Friday, December 27th. The shares were sold at an average price of $22.15, for a total transaction of $74,202.50. The disclosure for this sale can be found here. Insiders have sold a total of 47,784 shares of company stock worth $1,092,375 in the last ninety days. Corporate insiders own 29.20% of the company's stock.

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Analyst Upgrades and Downgrades

Separately, BTIG Research started coverage on Enliven Therapeutics in a report on Friday, December 13th. They issued a "buy" rating and a $42.00 price target on the stock. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $38.25.

Check Out Our Latest Report on Enliven Therapeutics

About Enliven Therapeutics

(Get Free Report)

Enliven Therapeutics, Inc, a clinical-stage biopharmaceutical company, focuses on the discovery and development of small molecule inhibitors to help patients with cancer. The company's lead product candidates comprise ELVN-001, which is being evaluated in a Phase 1 clinical trial in adults with chronic myeloid leukemia; and ELVN-002, a Phase 1 clinical trial in adults with solid tumors with HER2 alterations.

Further Reading

Earnings History for Enliven Therapeutics (NASDAQ:ELVN)

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