Dermira, Inc. (DERM) Earns Buy Rating from Mizuho
Dermira, Inc. (NASDAQ:DERM)‘s stock had its “buy” rating restated by equities researchers at Mizuho in a research report issued to clients and investors on Thursday. They presently have a $43.00 price target on the biopharmaceutical company’s stock, up from their previous price target of $40.00. Mizuho’s target price would suggest a potential upside of 69.09% from the stock’s current price.
Several other equities research analysts also recently issued reports on the company. Zacks Investment Research downgraded Dermira from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Needham & Company LLC reiterated a “buy” rating and set a $46.00 price target on shares of Dermira in a report on Tuesday, July 18th. Evercore ISI initiated coverage on Dermira in a report on Thursday, June 29th. They set an “outperform” rating and a $48.00 price target for the company. Cantor Fitzgerald initiated coverage on Dermira in a report on Thursday, June 22nd. They set an “overweight” rating and a $45.00 price target for the company. Finally, BidaskClub downgraded Dermira from a “buy” rating to a “hold” rating in a report on Monday, July 3rd. Four investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $44.40.
Dermira (NASDAQ DERM) traded up 5.08% during midday trading on Thursday, reaching $25.43. 644,576 shares of the company were exchanged. The firm’s market cap is $1.06 billion. Dermira has a one year low of $21.35 and a one year high of $38.75. The firm’s 50-day moving average is $25.07 and its 200-day moving average is $29.92.
Dermira (NASDAQ:DERM) last announced its quarterly earnings results on Monday, August 7th. The biopharmaceutical company reported ($0.93) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.89) by $0.04. Dermira had a negative return on equity of 31.66% and a negative net margin of 408.50%. The company had revenue of $1.07 million for the quarter, compared to the consensus estimate of $1 million. On average, equities analysts expect that Dermira will post ($4.17) EPS for the current fiscal year.
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In other Dermira news, Director Fred B. Craves acquired 30,000 shares of Dermira stock in a transaction on Monday, August 14th. The stock was purchased at an average price of $23.03 per share, for a total transaction of $690,900.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Thomas G. Wiggans sold 5,000 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $29.06, for a total value of $145,300.00. The disclosure for this sale can be found here. Insiders sold a total of 11,700 shares of company stock valued at $337,537 in the last 90 days. Corporate insiders own 13.30% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. AXA grew its stake in shares of Dermira by 10.9% during the 1st quarter. AXA now owns 212,254 shares of the biopharmaceutical company’s stock worth $7,240,000 after acquiring an additional 20,795 shares during the period. Vanguard Group Inc. grew its stake in shares of Dermira by 20.7% during the 1st quarter. Vanguard Group Inc. now owns 1,272,700 shares of the biopharmaceutical company’s stock worth $43,412,000 after acquiring an additional 217,943 shares during the period. American International Group Inc. grew its stake in shares of Dermira by 23.4% during the 1st quarter. American International Group Inc. now owns 14,900 shares of the biopharmaceutical company’s stock worth $508,000 after acquiring an additional 2,829 shares during the period. Geode Capital Management LLC grew its stake in shares of Dermira by 27.6% during the 1st quarter. Geode Capital Management LLC now owns 252,345 shares of the biopharmaceutical company’s stock worth $8,607,000 after acquiring an additional 54,646 shares during the period. Finally, Renaissance Technologies LLC bought a new position in shares of Dermira during the 1st quarter worth $1,023,000. Hedge funds and other institutional investors own 97.56% of the company’s stock.
Dermira Company Profile
Dermira, Inc is a biopharmaceutical company. The Company is focused on the development of therapeutic solutions in medical dermatology to treat skin conditions, such as hyperhidrosis, psoriasis and acne. Its portfolio includes three late-stage product candidates: Cimzia (certolizumab pegol), glycopyrronium tosylate and olumacostat glasaretil.
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