HALO · NASDAQ · Biotechnology

Halozyme Therapeutics (HALO)

Enables subcutaneous delivery of partner medicines through ENHANZE technology.

$113.03
vs last close−2.10 (−1.82%)
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Halozyme Therapeutics, Inc.HALO
Health Care

Provides ENHANZE, a drug-delivery platform that helps partners convert injectable medicines from intravenous to subcutaneous administration. Collaboration revenue, product sales, and royalties are supported by ENHANZE, Hylenex, auto-injector technologies, and newer Hypercon and Surf Bio delivery assets.

Turns injectable medicines and fluids into subcutaneous treatments through ENHANZE, an rHuPH20-based delivery technology. Pharmaceutical and biotechnology partners combine ENHANZE with their own compounds, while Halozyme earns collaboration revenue, product sales, and royalties.

The delivery portfolio also includes Hylenex, auto-injector technologies acquired with Antares Pharma, and the Hypercon and Surf Bio technologies. ENHANZE-enabled products are commercialized in more than 100 markets, linking the business to global partner programs.

The company reports one operating segment covering proprietary enzymes and devices. Its model depends on partner development and commercialization, continued access to patent and other proprietary rights, and the ability to license delivery technologies amid alternative subcutaneous approaches.

Company facts

CEOHelen I. Torley
ListedMar 16, 2004
ExchangeNASDAQ
HeadquartersSan Diego, CA
CountryUnited States
Employees423
CIK0001159036
ISINUS40637H1095

Market cap$13.66B
EPS (ttm)$3.35
P/E (ttm)34.37
ROE180.6%
P/B95.13
P/S8.21
Dividend yieldDiv yield
Beta0.55vs XLV 0.92

Price target$105.00−8.8%Average of 27 analysts
ConsensusBuy18 of 27 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 10, 2026Wells FargoTarget
Target: $75
Target: $95
Aug 7, 2026Morgan StanleyReiterate
Rating: Target: $93
Rating: OverweightTarget: $105
Aug 7, 2026Leerink PartnersUpgrade
Rating: Market PerformTarget: $70
Rating: OutperformTarget: $110
Aug 7, 2026H.C. WainwrightReiterate
Rating: Target: $95
Rating: BuyTarget: $115
Jun 3, 2026UBSTarget
Target: $56
Target: $90

Next report
Nov 2, 26
in 40 days
EPS estimate
$2.25
Revenue estimate
$482.3M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$1.26$1.11$1.54$1.72−$0.24$1.60$2.28Pending
Estimate$1.17$0.95$1.23$1.63$2.15$1.55$1.79$2.25
Surprise+7.7%+16.8%+25.2%+5.5%−111.2%+3.2%+27.4%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$298.0M$264.9M$325.7M$354.3M$451.8M$376.7M$481.0MPending
Estimate$285.7M$281.0M$330.8M$446.5M$435.7M$358.6M$402.3M$482.3M
Surprise+4.3%−5.7%−1.5%−20.7%+3.7%+5.0%+19.6%
Estimate$2.25
ReportedDue Nov 2, 2026
Estimate$482.3M
ReportedDue Nov 2, 2026
View details

Debt to equity1,495.50%
Current ratio270.90%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$290.1M$298.0M$264.9M$325.7M$354.3M$451.8M$376.7M$481.0M
Net income$137.0M$137.0M$118.1M$165.2M$175.2M−$141.6M$150.0M$229.9M
Net margin47.2%46.0%44.6%50.7%49.5%0.0%39.8%47.8%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$163.2M$175.5M$141.5M$202.4M$217.9M$254.4M$184.5M$287.7M
YoY growth+84.9%+73.7%+48.1%+72.7%+33.5%+45.0%+30.4%+42.1%

Balance sheet, Jun 30, 2026Cash & short-term investments $231.0M · Total debt $2.15B · Total assets $2.58B · Shareholders' equity $143.5M

Revenue
$481.0M
Operating income
$287.7M
Net income
$229.9M
View details

No dividends on record.

Institutions≈ 109.17%123.90M shares
688 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders1.26%1.43M shares
14 holders · as of Sep 17, 2026
Adds to110.43%

113.50M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

These groups come from separate filings that can overlap, so they add to 110.43%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
11.69%13.27Mas of Jun 30, 2026
Artisan Partners Limited PartnershipInstitution
8.38%9.51Mfiled Feb 4, 2022
Vanguard Capital Management LLCInstitution
4.71%5.35Mas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
4.67%5.30Mas of Jun 30, 2026
State Street CorpInstitution
4.56%5.18Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 16, 2026Matthew L. Posarddirector−18,996$107.74
Sep 11, 2026Helen Torleydirector, officer: PRESIDENT AND CEO−20,000$107.24
Sep 10, 2026Helen Torleydirector, officer: PRESIDENT AND CEO−20,000$107.17
Sep 9, 2026Helen Torleydirector, officer: PRESIDENT AND CEO−20,000$107.43
Aug 19, 2026Helen Torleydirector, officer: PRESIDENT AND CEO−20,000$107.00
View details

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