Dermira (NASDAQ:DERM) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report released on Monday, February 5th.
A number of other analysts have also recently weighed in on the company. Cantor Fitzgerald reissued a “buy” rating and issued a $45.00 price objective on shares of Dermira in a research report on Monday, November 6th. Guggenheim assumed coverage on Dermira in a research note on Tuesday, December 5th. They set a “buy” rating for the company. Zacks Investment Research upgraded Dermira from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Mizuho reduced their price objective on Dermira from $43.00 to $39.00 and set a “buy” rating for the company in a research note on Tuesday, December 12th. Finally, Leerink Swann lifted their price target on Dermira from $42.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. Dermira currently has an average rating of “Hold” and an average price target of $42.17.
Shares of Dermira (DERM) opened at $26.69 on Monday. The company has a current ratio of 4.68, a quick ratio of 4.68 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $1,145.62, a price-to-earnings ratio of -4.28 and a beta of 0.75. Dermira has a 52-week low of $21.35 and a 52-week high of $38.75.
In other Dermira news, insider Eugene A. Bauer sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $27.34, for a total value of $82,020.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Christopher M. Griffith sold 18,458 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $27.05, for a total value of $499,288.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,258 shares of company stock worth $935,153. Insiders own 13.30% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP raised its position in Dermira by 75.4% in the third quarter. Quantbot Technologies LP now owns 5,371 shares of the biopharmaceutical company’s stock valued at $145,000 after purchasing an additional 2,309 shares during the period. Aperio Group LLC purchased a new stake in shares of Dermira during the fourth quarter worth $213,000. Two Sigma Advisers LP purchased a new stake in shares of Dermira during the fourth quarter worth $222,000. SG Americas Securities LLC increased its position in shares of Dermira by 47.7% during the third quarter. SG Americas Securities LLC now owns 8,130 shares of the biopharmaceutical company’s stock worth $220,000 after acquiring an additional 2,627 shares during the period. Finally, Legal & General Group Plc increased its position in shares of Dermira by 40.9% during the second quarter. Legal & General Group Plc now owns 9,664 shares of the biopharmaceutical company’s stock worth $281,000 after acquiring an additional 2,803 shares during the period. 95.27% of the stock is currently owned by institutional investors.
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Dermira, Inc is a biopharmaceutical company. The Company is focused on the development of therapeutic solutions in medical dermatology to treat skin conditions, such as hyperhidrosis, psoriasis and acne. Its portfolio includes three late-stage product candidates: Cimzia (certolizumab pegol), glycopyrronium tosylate and olumacostat glasaretil.
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