Equities research analysts at BMO Capital Markets began coverage on shares of Akcea Therapeut (NASDAQ:AKCA) in a research note issued to investors on Tuesday, The Fly reports. The brokerage set an “outperform” rating on the stock.

A number of other research firms also recently commented on AKCA. Stifel Nicolaus started coverage on Akcea Therapeut in a research report on Tuesday. They issued a “buy” rating and a $19.00 target price on the stock. Wells Fargo & Company assumed coverage on Akcea Therapeut in a report on Tuesday. They issued an “outperform” rating on the stock. Finally, Cowen and Company assumed coverage on Akcea Therapeut in a report on Tuesday. They issued an “outperform” rating on the stock.

Akcea Therapeut (AKCA) opened at 14.90 on Tuesday. The company’s market cap is $956.55 million. Akcea Therapeut has a 52-week low of $8.10 and a 52-week high of $16.30. The stock’s 50 day moving average price is $9.17 and its 200-day moving average price is $9.17.

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In other news, major shareholder Ionis Pharmaceuticals Inc acquired 3,125,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The shares were purchased at an average price of $8.00 per share, for a total transaction of $25,000,000.00. Following the acquisition, the insider now owns 28,884,540 shares of the company’s stock, valued at $231,076,320. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Akcea Therapeut Company Profile

Akcea Therapeutics, Inc is a biopharmaceutical company. The Company is focused on developing and commercializing drugs to treat patients with serious cardiometabolic diseases caused by lipid disorders. The Company’s drugs, volanesorsen, AKCEA-APO(a)-LRx, AKCEA-ANGPTL3-LRx and AKCEA-APOCIII-LRx, are all based on antisense technology developed by Ionis Pharmaceuticals, Inc (Ionis).

The Fly

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