Ionis Pharmaceuticals (IONS) Trading Up 5.8%

Shares of Ionis Pharmaceuticals (NASDAQ:IONS) were up 5.8% during mid-day trading on Friday . The stock traded as high as $50.44 and last traded at $48.51. Approximately 4,731,654 shares traded hands during trading, an increase of 330% from the average daily volume of 1,101,373 shares. The stock had previously closed at $45.85.

Several analysts have issued reports on IONS shares. BidaskClub raised shares of Ionis Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Friday, March 9th. TheStreet downgraded shares of Ionis Pharmaceuticals from a “c” rating to a “d+” rating in a research note on Tuesday, February 27th. Zacks Investment Research raised shares of Ionis Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. ValuEngine raised shares of Ionis Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Thursday, March 8th. Finally, Stifel Nicolaus boosted their target price on shares of Ionis Pharmaceuticals from $55.00 to $57.00 and gave the company a “hold” rating in a research note on Wednesday, February 28th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $52.15.

How to Become a New Pot Stock Millionaire

The company has a current ratio of 5.20, a quick ratio of 5.15 and a debt-to-equity ratio of 1.45. The firm has a market cap of $5,774.09, a P/E ratio of 606.38 and a beta of 2.49.

Ionis Pharmaceuticals (NASDAQ:IONS) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.10. Ionis Pharmaceuticals had a negative net margin of 1.18% and a negative return on equity of 1.94%. The business had revenue of $172.00 million for the quarter, compared to analysts’ expectations of $126.38 million. During the same period in the previous year, the company posted $0.33 EPS. Ionis Pharmaceuticals’s revenue was up 7.5% on a year-over-year basis. sell-side analysts forecast that Ionis Pharmaceuticals will post -0.13 EPS for the current year.

In other news, Chairman Stanley T. Crooke sold 13,962 shares of the business’s stock in a transaction on Tuesday, April 17th. The shares were sold at an average price of $44.40, for a total transaction of $619,912.80. Following the transaction, the chairman now directly owns 56,714 shares in the company, valued at approximately $2,518,101.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Patrick R. O’neil sold 645 shares of the business’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $55.00, for a total transaction of $35,475.00. Following the transaction, the senior vice president now owns 15,097 shares in the company, valued at $830,335. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,462 shares of company stock worth $2,637,323. 2.13% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. AXA purchased a new position in shares of Ionis Pharmaceuticals during the 3rd quarter valued at $5,202,000. Bailard Inc. purchased a new position in shares of Ionis Pharmaceuticals during the 4th quarter valued at $292,000. California Public Employees Retirement System grew its holdings in shares of Ionis Pharmaceuticals by 1.6% during the 3rd quarter. California Public Employees Retirement System now owns 222,900 shares of the company’s stock valued at $11,301,000 after acquiring an additional 3,600 shares in the last quarter. Farallon Capital Management LLC grew its holdings in shares of Ionis Pharmaceuticals by 43.3% during the 4th quarter. Farallon Capital Management LLC now owns 645,000 shares of the company’s stock valued at $32,444,000 after acquiring an additional 195,000 shares in the last quarter. Finally, Icon Wealth Partners LLC purchased a new position in shares of Ionis Pharmaceuticals during the 4th quarter valued at $182,000. Institutional investors and hedge funds own 90.91% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Ionis Pharmaceuticals (IONS) Trading Up 5.8%” was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece can be read at https://www.dispatchtribunal.com/2018/04/20/ionis-pharmaceuticals-ions-trading-up-5-8.html.

About Ionis Pharmaceuticals

Ionis Pharmaceuticals, Inc discovers and develops RNA-targeted therapeutics. The company offers SPINRAZA for spinal muscular atrophy (SMA) in pediatric and adult patients; and Kynamro an oligonucleotide inhibitor for use in patients with homozygous familial hypercholesterolemia to reduce low density lipoprotein-cholesterol, apolipoprotein B, total cholesterol, and non-high density lipoprotein.

Receive News & Ratings for Ionis Pharmaceuticals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ionis Pharmaceuticals and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply