Orlando, FL -- (SBWIRE) -- 08/23/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On The Ryland Group, Inc. (NYSE:RYL), BioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX).
The Ryland Group, Inc. (NYSE:RYL) shares dropped 5.21% and closed at $34.92. RYL’s stock was upgraded by analysts at UBS AG from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on July 31. The firm currently has a $48.00 target price on the stock, up from their previous target price of $42.00.
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Additionally, the company announced its earnings results on July 24. The company reported $0.80 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.64 by $0.16. The company had revenue of $492.99 million for the quarter, compared to the consensus estimate of $492.80 million.
BioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX) shares decreased 0.83% to $5.95. Analysts at Wells Fargo & Co. initiated coverage on shares of BCRX in a research report issued to clients and investors on August 23. The firm set an “outperform” rating and a $9.00 price target on the stock.
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Additionally, the company, on August 5, announced that the underwriters of its recent public offering of its common stock have exercised in full their option to purchase an additional 600,000 shares. The total gross proceeds from this offering to BioCryst, including from the exercise of the over-allotment option, are expected to be $20.2 million, before deducting underwriting discounts and commissions and other estimated offering expenses payable by BioCryst.
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