Rhythm Pharmaceuticals (RYTM) Rating Increased to Hold at BidaskClub

Rhythm Pharmaceuticals (NASDAQ:RYTM) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Friday.

Separately, Needham & Company LLC reiterated a “buy” rating and set a $32.00 target price on shares of Rhythm Pharmaceuticals in a research note on Monday, February 26th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $31.25.

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Rhythm Pharmaceuticals stock opened at $19.46 on Friday. Rhythm Pharmaceuticals has a twelve month low of $16.80 and a twelve month high of $33.81.

Rhythm Pharmaceuticals (NASDAQ:RYTM) last issued its earnings results on Monday, March 12th. The company reported ($0.41) EPS for the quarter, beating the consensus estimate of ($0.55) by $0.14. sell-side analysts predict that Rhythm Pharmaceuticals will post -2.3 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. Citadel Advisors LLC purchased a new stake in Rhythm Pharmaceuticals during the 4th quarter valued at $5,866,000. Opaleye Management Inc. purchased a new stake in Rhythm Pharmaceuticals during the 4th quarter valued at $1,113,000. Perceptive Advisors LLC purchased a new stake in Rhythm Pharmaceuticals during the 4th quarter valued at $21,654,000. ArrowMark Colorado Holdings LLC purchased a new stake in Rhythm Pharmaceuticals during the 4th quarter valued at $13,487,000. Finally, Artal Group S.A. purchased a new stake in Rhythm Pharmaceuticals during the 4th quarter valued at $1,453,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

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Rhythm Pharmaceuticals Company Profile

Rhythm Pharmaceuticals, Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of peptide therapeutics for the treatment of rare genetic deficiencies that result in life-threatening metabolic disorders. The Company’s lead peptide product candidate is setmelanotide, a potent, first-in-class melanocortin-4 receptor, or MC4R, agonist for the treatment of rare genetic disorders of obesity.

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