Arrowhead Pharmaceuticals (NASDAQ:ARWR) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday, January 18th.
Several other research firms have also recently issued reports on ARWR. Cantor Fitzgerald set a $2.00 price target on Arrowhead Pharmaceuticals and gave the company a “hold” rating in a report on Tuesday, December 12th. B. Riley assumed coverage on Arrowhead Pharmaceuticals in a report on Friday, January 5th. They issued a “neutral” rating and a $3.00 price target on the stock. Piper Jaffray Companies upgraded Arrowhead Pharmaceuticals from a “neutral” rating to an “overweight” rating and set a $5.50 price target on the stock in a report on Monday, November 27th. Finally, ValuEngine upgraded Arrowhead Pharmaceuticals from a “strong sell” rating to a “sell” rating in a report on Thursday, November 30th. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $4.13.
Arrowhead Pharmaceuticals (NASDAQ:ARWR) opened at $5.31 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.63 and a current ratio of 3.63. Arrowhead Pharmaceuticals has a 12 month low of $1.42 and a 12 month high of $6.75. The stock has a market capitalization of $397.34, a price-to-earnings ratio of -11.30 and a beta of 2.52.
Arrowhead Pharmaceuticals (NASDAQ:ARWR) last announced its earnings results on Tuesday, December 12th. The biotechnology company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.02). The business had revenue of $8.71 million for the quarter, compared to the consensus estimate of $7.32 million. Arrowhead Pharmaceuticals had a negative return on equity of 40.38% and a negative net margin of 116.17%. equities analysts anticipate that Arrowhead Pharmaceuticals will post -0.74 EPS for the current fiscal year.
In other news, COO Bruce D. Given sold 20,000 shares of the firm’s stock in a transaction dated Monday, January 1st. The stock was sold at an average price of $3.69, for a total transaction of $73,800.00. Following the sale, the chief operating officer now owns 948,356 shares of the company’s stock, valued at $3,499,433.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 4.60% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Allianz Asset Management GmbH acquired a new stake in Arrowhead Pharmaceuticals in the 3rd quarter valued at approximately $1,958,000. Schwab Charles Investment Management Inc. increased its position in shares of Arrowhead Pharmaceuticals by 10.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 171,249 shares of the biotechnology company’s stock worth $742,000 after purchasing an additional 16,103 shares during the last quarter. First Manhattan Co. acquired a new position in shares of Arrowhead Pharmaceuticals during the 4th quarter worth approximately $11,707,000. Acadian Asset Management LLC increased its position in shares of Arrowhead Pharmaceuticals by 1,177.7% during the 4th quarter. Acadian Asset Management LLC now owns 71,664 shares of the biotechnology company’s stock worth $264,000 after purchasing an additional 66,055 shares during the last quarter. Finally, ING Groep NV acquired a new position in shares of Arrowhead Pharmaceuticals during the 3rd quarter worth approximately $3,500,000. 20.48% of the stock is currently owned by institutional investors and hedge funds.
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About Arrowhead Pharmaceuticals
Arrowhead Pharmaceuticals, Inc, formerly Arrowhead Research Corporation, develops medicines that treat intractable diseases by silencing the genes that cause them. Using a portfolio of ribonucleic acid (RNA) chemistries and modes of delivery, the Company’s therapies trigger the RNA interference mechanism to induce knockdown of target genes.
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