Dermira (DERM) Trading 5.3% Higher

Dermira (NASDAQ:DERM) shares traded up 5.3% during trading on Monday . The stock traded as high as $8.58 and last traded at $8.50. 848,116 shares were traded during mid-day trading, a decline of 44% from the average session volume of 1,520,827 shares. The stock had previously closed at $8.07.

Several research analysts recently commented on the stock. Cantor Fitzgerald set a $20.00 target price on shares of Dermira and gave the stock a “buy” rating in a report on Monday, April 9th. BidaskClub downgraded shares of Dermira from a “sell” rating to a “strong sell” rating in a report on Tuesday, April 10th. Leerink Swann lifted their target price on shares of Dermira from $42.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, January 17th. Finally, Guggenheim downgraded shares of Dermira from a “buy” rating to a “neutral” rating in a report on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $32.71.

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The company has a debt-to-equity ratio of 1.87, a quick ratio of 5.28 and a current ratio of 5.28. The firm has a market capitalization of $355.49, a PE ratio of -1.97 and a beta of 1.52.

Dermira (NASDAQ:DERM) last posted its quarterly earnings data on Thursday, February 22nd. The biopharmaceutical company reported ($1.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.25) by ($0.09). Dermira had a negative return on equity of 62.07% and a negative net margin of 6,678.29%. The company had revenue of $1.34 million for the quarter, compared to the consensus estimate of $1.10 million. equities analysts forecast that Dermira will post -4.81 earnings per share for the current year.

In other news, insider Eugene A. Bauer sold 3,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $28.55, for a total transaction of $85,650.00. Following the transaction, the insider now owns 5,802 shares in the company, valued at approximately $165,647.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have sold 4,700 shares of company stock worth $131,142. Insiders own 13.30% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Millennium Management LLC bought a new position in shares of Dermira during the 4th quarter worth about $25,084,000. Franklin Resources Inc. acquired a new stake in shares of Dermira during the 4th quarter valued at about $24,820,000. Emerald Advisers Inc. PA acquired a new stake in shares of Dermira during the 4th quarter valued at about $14,918,000. Rock Springs Capital Management LP boosted its position in shares of Dermira by 5.0% during the 4th quarter. Rock Springs Capital Management LP now owns 420,000 shares of the biopharmaceutical company’s stock valued at $11,680,000 after acquiring an additional 20,000 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Dermira by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 326,223 shares of the biopharmaceutical company’s stock valued at $9,072,000 after acquiring an additional 15,163 shares in the last quarter. Institutional investors own 94.93% of the company’s stock.

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Dermira Company Profile

Dermira, Inc, a biopharmaceutical company, identifies, develops, and commercializes therapies to treat dermatologic diseases. The company's product candidates include Glycopyrronium tosylate, a novel form of an anticholinergic agent that has completed Phase III clinical trial for the treatment of primary axillary hyperhidrosis; Olumacostat glasaretil, a novel small molecule designed to target sebum production, which is in Phase III clinical trial for the treatment of acne vulgaris; and lebrikizumab, a novel humanized monoclonal antibody targeting interleukin 13 that is in Phase 2b development for the treatment of moderate-to-severe atopic dermatitis.

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