Akcea Therapeutics (NASDAQ:AKCA) Given New $30.00 Price Target at Stifel Nicolaus

Akcea Therapeutics (NASDAQ:AKCA) had its price objective hoisted by Stifel Nicolaus from $20.00 to $30.00 in a research note released on Friday, March 16th. The firm currently has a buy rating on the stock.

A number of other equities analysts have also recently weighed in on the company. BMO Capital Markets increased their price target on Akcea Therapeutics from $25.00 to $30.00 and gave the stock an outperform rating in a report on Tuesday, February 27th. Wells Fargo cut Akcea Therapeutics from an outperform rating to a market perform rating and set a $27.00 price target for the company. in a report on Tuesday, February 27th. BidaskClub upgraded Akcea Therapeutics from a sell rating to a hold rating in a report on Saturday, January 20th. Zacks Investment Research upgraded Akcea Therapeutics from a hold rating to a buy rating and set a $19.00 target price for the company in a report on Tuesday, January 2nd. Finally, Cowen cut Akcea Therapeutics from an outperform rating to a market perform rating in a report on Tuesday, February 27th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $24.75.

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Shares of NASDAQ AKCA traded down $3.11 during mid-day trading on Friday, reaching $21.62. 264,642 shares of the company’s stock were exchanged, compared to its average volume of 468,321. The stock has a market cap of $1,649.99 and a PE ratio of -9.65. Akcea Therapeutics has a 52-week low of $8.10 and a 52-week high of $33.99.

Institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc purchased a new position in Akcea Therapeutics during the 3rd quarter valued at about $111,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Akcea Therapeutics during the 3rd quarter valued at about $180,000. SG Americas Securities LLC purchased a new position in Akcea Therapeutics during the 4th quarter valued at about $121,000. Nationwide Fund Advisors purchased a new position in Akcea Therapeutics during the 3rd quarter valued at about $209,000. Finally, Wells Fargo & Company MN purchased a new position in Akcea Therapeutics during the 3rd quarter valued at about $222,000. Institutional investors own 29.14% of the company’s stock.

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Akcea Therapeutics Company Profile

Akcea Therapeutics, Inc is a biopharmaceutical company. The Company is focused on developing and commercializing drugs to treat patients with serious cardiometabolic diseases caused by lipid disorders. The Company’s drugs, volanesorsen, AKCEA-APO(a)-LRx, AKCEA-ANGPTL3-LRx and AKCEA-APOCIII-LRx, are all based on antisense technology developed by Ionis Pharmaceuticals, Inc (Ionis).

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