Dermira Inc. (DERM) Sees Large Volume Increase
Dermira Inc. (NASDAQ:DERM) saw unusually-strong trading volume on Tuesday . Approximately 363,400 shares traded hands during mid-day trading, an increase of 50% from the previous session’s volume of 242,719 shares.The stock last traded at $36.00 and had previously closed at $35.03.
Several equities analysts have recently weighed in on DERM shares. Zacks Investment Research upgraded Dermira from a “sell” rating to a “hold” rating in a research report on Tuesday, June 14th. Leerink Swann reiterated a “buy” rating and issued a $47.00 price target (up from $46.00) on shares of Dermira in a research report on Thursday, June 2nd. Wedbush lifted their price target on Dermira from $42.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday, June 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $46.00 price target on shares of Dermira in a research report on Wednesday, June 22nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $41.00.
The stock’s 50 day moving average is $32.35 and its 200-day moving average is $28.45. The firm’s market capitalization is $1.26 billion.
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Dermira (NASDAQ:DERM) last released its quarterly earnings data on Monday, August 8th. The biopharmaceutical company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.86) by $0.03. On average, equities research analysts expect that Dermira Inc. will post ($3.39) EPS for the current fiscal year.
In related news, VP Christopher M. Griffith sold 1,303 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $30.02, for a total value of $39,116.06. Following the transaction, the vice president now directly owns 44,941 shares of the company’s stock, valued at approximately $1,349,128.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Luis C. Pena sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 23rd. The shares were sold at an average price of $30.01, for a total value of $300,100.00. Following the completion of the transaction, the insider now directly owns 14,653 shares in the company, valued at $439,736.53. The disclosure for this sale can be found here. 17.30% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its position in Dermira by 29.3% in the second quarter. FMR LLC now owns 4,063,136 shares of the biopharmaceutical company’s stock valued at $118,847,000 after buying an additional 921,800 shares during the last quarter. Jennison Associates LLC boosted its position in Dermira by 52.0% in the second quarter. Jennison Associates LLC now owns 2,514,166 shares of the biopharmaceutical company’s stock valued at $73,539,000 after buying an additional 860,597 shares during the last quarter. TimesSquare Capital Management LLC boosted its position in Dermira by 79.3% in the second quarter. TimesSquare Capital Management LLC now owns 2,491,526 shares of the biopharmaceutical company’s stock valued at $72,877,000 after buying an additional 1,101,645 shares during the last quarter. Eagle Asset Management Inc. boosted its position in Dermira by 4.3% in the second quarter. Eagle Asset Management Inc. now owns 1,344,721 shares of the biopharmaceutical company’s stock valued at $39,333,000 after buying an additional 55,991 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its position in Dermira by 13.3% in the second quarter. BlackRock Fund Advisors now owns 1,196,544 shares of the biopharmaceutical company’s stock valued at $34,999,000 after buying an additional 140,333 shares during the last quarter. 82.46% of the stock is currently owned by institutional investors and hedge funds.
Dermira, Inc is a biopharmaceutical company. The Company is focused on identifying, developing and commercializing differentiated therapies for dermatologic diseases. The Company’s portfolio includes three late-stage product candidates that target unmet needs and market opportunities, such as Cimzia (certolizumab pegol), DRM04 and DRM01.
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