Can CVS Health Buy BioPharmX Corporation?
- Corporate health-care deal value surged 37 percent last year, according to a new report from consulting firm Bain & Company.
- The number of health-care mergers and acquisitions rose 16 percent.
- CVS Health’s planned acquisition of health insurer Aetna was the largest corporate deal of 2017 at $69 billion.
The health-care shopping spree isn’t likely to stop anytime soon.
Corporate deal value surged to $332 billion last year, up 27 percent from $261 billion in 2016, though still below the peak of $432 billion in 2015, according to a new report from consulting firm Bain & Company.
What does make BioPharmX unique?
- Financial Health: Does it have a healthy balance sheet?
- Management:Have insiders been ramping up their shares to take advantage of the market’s sentiment for BPMX’s future outlook?
- Other High-Growth Alternatives: BPMX is a high-growth stock you could be holding?
Walgreens was also reportedly considering acquiring the part of drug distributor AmerisourceBergen that it doesn’t already own earlier this year, though talks have cooled. Walmart and health insurer Humana are having early-stage talks about strengthening their existing partnership, people familiar with the matter told CNBC.
Institutions own approximately 19.42% of BioPharmX’ shares. Among active positions in the latest quarter, 7 holders increased their positions by a total of 10.8 million shares. This means there is a net increase in ownership of 9.61 million shares, which may suggest that institutions feel bullish about the stock.
Cash as of March 9, 2018
- Pro-forma cash of $14.2 million
- $8.6 million as of January 31, 2018
- $6.7 million in proceeds from warrant exercises after the end of the quarter
the company let an already approved reverse split expire.
“Regarding the expired reverse stock split, the company and its shareholders did not feel such an action would be in the best interest of the shareholders once the company was able to bring the company back into compliance with the NYSE American’s continued listing standards. The company is optimistic that it will be in compliance for continued listing standards regarding its share price by the June deadline.”
|Owner Name||Date||Shared Held||Change (Shares)||Change (%)||Value (in 1,000s)|
|VIVO CAPITAL, LLC||05/13/2018||16,128,515||2,328,571||16.87||3,306|
|FRANKLIN RESOURCES INC||05/13/2018||9,749,615||0||0.00||1,999|
|VANGUARD GROUP INC||05/13/2018||5,498,918||3,541,971||181.00||1,127|
|GEODE CAPITAL MANAGEMENT, LLC||03/31/2018||671,686||347,719||107.33||138|
|VIRTU FINANCIAL LLC||03/31/2018||426,837||426,837||New||88|
|SUSQUEHANNA INTERNATIONAL GROUP, LLP||03/31/2018||181,335||181,335||New||37|
|CITADEL ADVISORS LLC||03/31/2018||146,859||146,859||New||30|
|MCF ADVISORS LLC||03/31/2018||105,629||105,629||New||22|
|JANE STREET GROUP, LLC||03/31/2018||96,941||96,941||New||20|
|TWO SIGMA SECURITIES, LLC||03/31/2018||93,390||47,105||101.77||19|
|NORTHERN TRUST CORP||03/31/2018||92,518||0||0.00||19|
|UBS GROUP AG||03/31/2018||70,367||36,614||108.48||14|
|LADENBURG THALMANN FINANCIAL SERVICES INC.||03/31/2018||64,200||0||0.00||13|
|CREDIT SUISSE AG/||03/31/2018||50,000||50,000||New||10|
|Total Institutional Shares||27||33,878,519|
Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators also suggest that BioPharmX Corporation (BPMX) , is undervalued.
A potential Buy is very possible for BioPharmX Corporation by a major Drug chain like CVS or Walgreens Pharmacy.
CWEB Analysts have Reiterate a Buy Rating for BioPharmX Corporation (BPMX) and a Price Target of $7 within 12 months.
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Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.