Regulus Therapeutics Inc. (NASDAQ:RGLS) Cut to Hold at Zacks Investment Research
Regulus Therapeutics Inc. (NASDAQ:RGLS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “Regulus Therapeutics Inc. is a biopharmaceutical company focused on discovering and developing drugs that target microRNAs, called microRNA therapeutics. The Company’s products aim to treat or prevent hepatitis C infections, cardiovascular disease, fibrosis, oncology, immuno-inflammatory diseases, and metabolic diseases. Regulus Therapeutics Inc. is based in La Jolla, California. “
A number of other research analysts have also recently commented on RGLS. Chardan Capital cut their price target on shares of Regulus Therapeutics from $5.00 to $2.50 and set a “buy” rating on the stock in a report on Tuesday, June 13th. BMO Capital Markets set a $1.00 price target on shares of Regulus Therapeutics and gave the stock a “hold” rating in a report on Monday, June 12th. Wedbush restated an “ourperform” rating and issued a $6.00 price target on shares of Regulus Therapeutics in a report on Tuesday, June 13th. Finally, ValuEngine cut shares of Regulus Therapeutics from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $3.92.
Shares of Regulus Therapeutics (NASDAQ:RGLS) opened at 0.946 on Wednesday. Regulus Therapeutics has a 52-week low of $0.86 and a 52-week high of $4.25. The stock’s market capitalization is $50.31 million. The stock has a 50 day moving average of $1.11 and a 200 day moving average of $1.45.
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Several hedge funds have recently added to or reduced their stakes in the stock. First American Bank purchased a new position in Regulus Therapeutics during the fourth quarter worth approximately $281,000. Oxford Asset Management purchased a new position in Regulus Therapeutics during the fourth quarter worth approximately $2,335,000. Tudor Investment Corp Et Al purchased a new position in Regulus Therapeutics during the fourth quarter worth approximately $105,000. Wells Fargo & Company MN increased its position in Regulus Therapeutics by 13.5% in the first quarter. Wells Fargo & Company MN now owns 782,380 shares of the biopharmaceutical company’s stock worth $1,291,000 after buying an additional 93,295 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Regulus Therapeutics by 3.8% in the first quarter. Goldman Sachs Group Inc. now owns 774,070 shares of the biopharmaceutical company’s stock worth $5,364,000 after buying an additional 28,265 shares during the period. 38.56% of the stock is owned by institutional investors and hedge funds.
About Regulus Therapeutics
Regulus Therapeutics Inc is a biopharmaceutical company focused on discovering and developing drugs that target microRNAs to treat a range of diseases. The Company uses its microRNA product platform to develop chemically modified, single-stranded oligonucleotides that the Company calls anti-miRs to modulate microRNAs and return diseased cells to their healthy state.
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