Regulus Therapeutics Inc. (NASDAQ:RGLS) to Release Earnings on Tuesday
Regulus Therapeutics Inc. (NASDAQ:RGLS) will be posting its quarterly earnings results after the market closes on Tuesday, August 1st. Analysts expect Regulus Therapeutics to post earnings of ($0.31) per share for the quarter.
Regulus Therapeutics Inc. (RGLS) traded down 6.72% during trading on Thursday, hitting $1.11. 1,388,682 shares of the company’s stock were exchanged. The firm’s market cap is $59.03 million. The company’s 50-day moving average price is $1.04 and its 200 day moving average price is $1.40. Regulus Therapeutics Inc. has a 12-month low of $0.86 and a 12-month high of $3.93.
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In related news, CFO Daniel R. Chevallard purchased 54,945 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was bought at an average price of $0.91 per share, with a total value of $49,999.95. Following the acquisition, the chief financial officer now owns 59,415 shares in the company, valued at $54,067.65. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph P. Hagan purchased 219,780 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was bought at an average cost of $0.91 per share, with a total value of $199,999.80. Following the acquisition, the insider now owns 241,297 shares in the company, valued at approximately $219,580.27. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 549,450 shares of company stock valued at $500,000. Insiders own 4.80% of the company’s stock.
Several research firms have recently weighed in on RGLS. Wedbush reaffirmed an “outperform” rating and set a $6.00 target price on shares of Regulus Therapeutics in a report on Wednesday, March 29th. ValuEngine lowered shares of Regulus Therapeutics from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd. BMO Capital Markets reaffirmed a “hold” rating on shares of Regulus Therapeutics in a report on Monday, May 15th. Chardan Capital cut their target price on shares of Regulus Therapeutics from $5.00 to $2.50 and set a “buy” rating for the company in a report on Tuesday, June 13th. Finally, Zacks Investment Research raised shares of Regulus Therapeutics from a “hold” rating to a “buy” rating and set a $1.00 target price for the company in a report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Regulus Therapeutics presently has a consensus rating of “Hold” and a consensus price target of $3.92.
Regulus Therapeutics Company Profile
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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