Arrowhead Pharmaceuticals, Inc. (NASDAQ:ARWR – Get Free Report) Director Victoria Vakiener sold 1,799 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $23.31, for a total transaction of $41,934.69. Following the sale, the director now owns 30,205 shares of the company’s stock, valued at $704,078.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Arrowhead Pharmaceuticals Stock Up 2.9 %
ARWR stock traded up $0.72 during midday trading on Monday, reaching $25.16. 619,926 shares of the company’s stock traded hands, compared to its average volume of 1,407,873. Arrowhead Pharmaceuticals, Inc. has a 52 week low of $20.67 and a 52 week high of $41.36. The company has a market cap of $3.12 billion, a price-to-earnings ratio of -8.92 and a beta of 0.78. The firm’s fifty day moving average price is $27.33 and its 200-day moving average price is $28.75.
Arrowhead Pharmaceuticals (NASDAQ:ARWR – Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The biotechnology company reported ($1.24) earnings per share for the quarter, missing the consensus estimate of ($0.78) by ($0.46). Arrowhead Pharmaceuticals had a negative net margin of 163.32% and a negative return on equity of 90.77%. The business had revenue of $3.55 million during the quarter, compared to the consensus estimate of $35.60 million. During the same period in the previous year, the business posted ($0.39) EPS. Arrowhead Pharmaceuticals’s revenue was down 94.3% compared to the same quarter last year. Analysts forecast that Arrowhead Pharmaceuticals, Inc. will post -2.7 earnings per share for the current year.
Hedge Funds Weigh In On Arrowhead Pharmaceuticals
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on ARWR shares. Citigroup lifted their target price on Arrowhead Pharmaceuticals from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $50.00 price target on shares of Arrowhead Pharmaceuticals in a report on Wednesday, February 7th. HC Wainwright reiterated a “buy” rating and set a $90.00 price target on shares of Arrowhead Pharmaceuticals in a report on Thursday, February 8th. Finally, Morgan Stanley raised their price objective on Arrowhead Pharmaceuticals from $34.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $50.80.
Read Our Latest Research Report on Arrowhead Pharmaceuticals
About Arrowhead Pharmaceuticals
Arrowhead Pharmaceuticals, Inc develops medicines for the treatment of intractable diseases in the United States. The company's products in pipeline includes Plozasiran, which is in Phase 2b and one Phase 3 clinical trial to treat hypertriglyceridemia, mixed dyslipidemia, and chylomicronemia syndrome; Zodasiran that is in Phase 2b clinical trial for the treatment of dyslipidemia and hypertriglyceridemia; ARO-PNPLA3, which is in Phase 1 clinical trial to treat patients with non-alcoholic steatohepatitis; ARO-RAGE that is in Phase 1/2a clinical trial to treat inflammatory pulmonary conditions; and ARO-MUC5AC, which is in Phase 1/2a clinical trial to treat muco-obstructive pulmonary diseases.
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