Akcea Therapeutics (AKCA) Upgraded by ValuEngine to Buy

Akcea Therapeutics (NASDAQ:AKCA) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Tuesday.

Separately, Zacks Investment Research lowered Akcea Therapeutics from a “hold” rating to a “sell” rating in a report on Friday, February 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Akcea Therapeutics currently has an average rating of “Hold” and an average price target of $38.20.

Shares of Akcea Therapeutics stock traded down $1.68 during trading on Tuesday, reaching $26.01. The stock had a trading volume of 423,172 shares, compared to its average volume of 171,357. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of -11.61 and a beta of 1.58. Akcea Therapeutics has a 52 week low of $15.73 and a 52 week high of $40.75.

Several institutional investors have recently modified their holdings of the company. FMR LLC raised its holdings in Akcea Therapeutics by 3.2% during the third quarter. FMR LLC now owns 12,857,672 shares of the company’s stock worth $450,275,000 after acquiring an additional 402,289 shares in the last quarter. EcoR1 Capital LLC bought a new stake in Akcea Therapeutics during the third quarter worth about $26,444,000. Bank of America Corp DE raised its holdings in Akcea Therapeutics by 79.8% during the second quarter. Bank of America Corp DE now owns 12,368 shares of the company’s stock worth $293,000 after acquiring an additional 5,490 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in Akcea Therapeutics during the third quarter worth about $1,931,000. Finally, MetLife Investment Advisors LLC bought a new stake in Akcea Therapeutics during the third quarter worth about $394,000. Institutional investors own 25.95% of the company’s stock.

Akcea Therapeutics Company Profile

Akcea Therapeutics, Inc, a late-stage biopharmaceutical company, focuses on developing and commercializing drugs to treat patients with cardiometabolic diseases caused by lipid disorders in the United States and internationally. It develops Volanesorsen, which has completed Phase 3 clinical study for the treatment of familial chylomicronemia syndrome; and that is in Phase 3 clinical study for the treatment of familial partial lipodystrophy.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Akcea Therapeutics (NASDAQ:AKCA)

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