Regulus Therapeutics Inc. (RGLS) Earns “Ourperform” Rating from Wedbush
Regulus Therapeutics Inc. (NASDAQ:RGLS)‘s stock had its “ourperform” rating reissued by stock analysts at Wedbush in a research report issued to clients and investors on Monday. They currently have a $4.00 target price on the biopharmaceutical company’s stock. Wedbush’s target price would suggest a potential upside of 329.65% from the company’s current price.
RGLS has been the subject of a number of other reports. ValuEngine cut shares of Regulus Therapeutics from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. Chardan Capital decreased their price objective on shares of Regulus Therapeutics from $5.00 to $2.50 and set a “buy” rating for the company in a research report on Tuesday, June 13th. Zacks Investment Research upgraded shares of Regulus Therapeutics from a “hold” rating to a “buy” rating and set a $1.00 target price on the stock in a research note on Wednesday, July 12th. BMO Capital Markets restated a “hold” rating on shares of Regulus Therapeutics in a research note on Monday, May 15th. Finally, Needham & Company LLC restated a “hold” rating on shares of Regulus Therapeutics in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Regulus Therapeutics has an average rating of “Hold” and an average target price of $3.58.
Regulus Therapeutics (NASDAQ:RGLS) traded up 3.11% during trading on Monday, reaching $0.96. The company’s stock had a trading volume of 75,723 shares. The stock has a 50-day moving average of $1.00 and a 200 day moving average of $1.35. The firm’s market capitalization is $51.05 million. Regulus Therapeutics has a one year low of $0.86 and a one year high of $3.82.
Regulus Therapeutics (NASDAQ:RGLS) last posted its quarterly earnings data on Tuesday, August 1st. The biopharmaceutical company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by $0.10. The firm had revenue of $0.02 million during the quarter, compared to analysts’ expectations of $0.02 million. Regulus Therapeutics had a negative net margin of 31,460.47% and a negative return on equity of 173.20%. On average, equities research analysts predict that Regulus Therapeutics will post ($1.06) EPS for the current fiscal year.
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In related news, Director William H. Rastetter bought 274,725 shares of the business’s stock in a transaction dated Tuesday, July 25th. The shares were acquired at an average price of $0.91 per share, for a total transaction of $249,999.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Daniel R. Chevallard bought 54,945 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was bought at an average price of $0.91 per share, for a total transaction of $49,999.95. Following the purchase, the chief financial officer now owns 59,415 shares in the company, valued at approximately $54,067.65. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 549,450 shares of company stock worth $500,000. Company insiders own 4.80% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Tudor Investment Corp Et Al acquired a new stake in Regulus Therapeutics during the fourth quarter valued at $105,000. Wedbush Securities Inc. raised its stake in Regulus Therapeutics by 43.4% in the second quarter. Wedbush Securities Inc. now owns 47,061 shares of the biopharmaceutical company’s stock valued at $136,000 after buying an additional 14,246 shares during the period. Teachers Advisors LLC raised its stake in Regulus Therapeutics by 15.7% in the fourth quarter. Teachers Advisors LLC now owns 72,273 shares of the biopharmaceutical company’s stock valued at $163,000 after buying an additional 9,804 shares during the period. LMR Partners LLP acquired a new stake in Regulus Therapeutics during the second quarter valued at $164,000. Finally, Swiss National Bank raised its stake in Regulus Therapeutics by 9.2% in the second quarter. Swiss National Bank now owns 58,200 shares of the biopharmaceutical company’s stock valued at $168,000 after buying an additional 4,900 shares during the period. Institutional investors and hedge funds own 21.09% of the company’s stock.
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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