Ra Pharmaceuticals (NASDAQ:RARX)‘s stock had its “buy” rating restated by research analysts at SunTrust Banks in a research report issued to clients and investors on Thursday, March 15th.
A number of other equities analysts also recently issued reports on the company. BMO Capital Markets reiterated an “outperform” rating and set a $34.00 price target (up previously from $31.00) on shares of Ra Pharmaceuticals in a research report on Monday, December 4th. Credit Suisse Group reiterated an “outperform” rating and set a $16.00 price target on shares of Ra Pharmaceuticals in a research report on Thursday, January 18th. Royal Bank of Canada restated a “buy” rating and issued a $18.00 target price on shares of Ra Pharmaceuticals in a research report on Tuesday, December 5th. Zacks Investment Research downgraded Ra Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, ValuEngine downgraded Ra Pharmaceuticals from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $19.50.
Ra Pharmaceuticals stock remained flat at $$5.51 during midday trading on Thursday. The company had a trading volume of 187,313 shares, compared to its average volume of 259,768. The firm has a market capitalization of $177.90, a price-to-earnings ratio of -2.29 and a beta of 2.31. Ra Pharmaceuticals has a 12-month low of $4.78 and a 12-month high of $27.84.
Ra Pharmaceuticals (NASDAQ:RARX) last issued its quarterly earnings results on Wednesday, March 14th. The company reported ($0.67) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.03. research analysts predict that Ra Pharmaceuticals will post -2.16 EPS for the current year.
In other Ra Pharmaceuticals news, major shareholder Enterprise Associates 13 L. New bought 2,000,000 shares of the business’s stock in a transaction on Friday, February 16th. The stock was bought at an average price of $6.00 per share, with a total value of $12,000,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Ra Capital Healthcare Fund Lp bought 2,500,000 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were acquired at an average cost of $6.00 per share, with a total value of $15,000,000.00. The disclosure for this purchase can be found here. Company insiders own 14.50% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Paloma Partners Management Co acquired a new stake in Ra Pharmaceuticals during the fourth quarter worth $154,000. Two Sigma Investments LP acquired a new stake in Ra Pharmaceuticals during the fourth quarter worth $164,000. Ellington Management Group LLC acquired a new stake in Ra Pharmaceuticals during the fourth quarter worth $297,000. Goldman Sachs Group Inc. increased its stake in Ra Pharmaceuticals by 76.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 28,937 shares of the company’s stock worth $246,000 after acquiring an additional 12,516 shares during the last quarter. Finally, BlackRock Inc. grew its stake in shares of Ra Pharmaceuticals by 47.9% in the fourth quarter. BlackRock Inc. now owns 952,580 shares of the company’s stock valued at $8,097,000 after buying an additional 308,452 shares in the last quarter. 47.86% of the stock is owned by institutional investors.
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Ra Pharmaceuticals Company Profile
Ra Pharmaceuticals, Inc is a United States-based clinical-stage biopharmaceutical company. The Company focuses on the development of therapeutics for diseases of complement dysregulation and a range of orphan indications. It utilizes small molecules and peptide approaches to address pathological targets in the complement cascade.
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