David E. Cohen Sells 600 Shares of Dermira, Inc. (DERM) Stock
Dermira, Inc. (NASDAQ:DERM) Director David E. Cohen sold 600 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $26.99, for a total value of $16,194.00. Following the completion of the transaction, the director now owns 32,682 shares in the company, valued at approximately $882,087.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Dermira, Inc. (NASDAQ DERM) traded down 0.51% during trading on Tuesday, hitting $27.21. 267,421 shares of the stock traded hands. The company’s market cap is $1.13 billion. The firm has a 50 day moving average price of $25.06 and a 200-day moving average price of $28.73. Dermira, Inc. has a one year low of $21.35 and a one year high of $38.75.
Dermira (NASDAQ:DERM) last posted its quarterly earnings data on Monday, August 7th. The biopharmaceutical company reported ($0.93) earnings per share for the quarter, missing the consensus estimate of ($0.89) by ($0.04). The business had revenue of $1.07 million during the quarter, compared to the consensus estimate of $1.00 million. Dermira had a negative net margin of 408.50% and a negative return on equity of 31.66%. Analysts anticipate that Dermira, Inc. will post ($4.20) earnings per share for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in DERM. BlackRock Inc. boosted its holdings in Dermira by 15.6% in the 2nd quarter. BlackRock Inc. now owns 3,922,253 shares of the biopharmaceutical company’s stock valued at $114,294,000 after purchasing an additional 529,405 shares during the period. Jennison Associates LLC grew its position in Dermira by 16.7% in the 2nd quarter. Jennison Associates LLC now owns 2,632,994 shares of the biopharmaceutical company’s stock worth $76,725,000 after purchasing an additional 377,554 shares during the last quarter. TimesSquare Capital Management LLC grew its position in Dermira by 6.8% in the 1st quarter. TimesSquare Capital Management LLC now owns 2,588,661 shares of the biopharmaceutical company’s stock worth $88,299,000 after purchasing an additional 164,950 shares during the last quarter. Vanguard Group Inc. grew its position in Dermira by 9.8% in the 2nd quarter. Vanguard Group Inc. now owns 1,397,857 shares of the biopharmaceutical company’s stock worth $40,735,000 after purchasing an additional 125,157 shares during the last quarter. Finally, Voya Investment Management LLC increased its holdings in shares of Dermira by 61.4% during the 2nd quarter. Voya Investment Management LLC now owns 1,227,948 shares of the biopharmaceutical company’s stock worth $35,783,000 after purchasing an additional 467,356 shares during the period. Hedge funds and other institutional investors own 97.56% of the company’s stock.
A number of research analysts recently commented on the company. Mizuho reissued a “buy” rating and issued a $43.00 price target (up previously from $40.00) on shares of Dermira in a report on Thursday, September 7th. BidaskClub upgraded Dermira from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 16th. Cantor Fitzgerald initiated coverage on Dermira in a report on Thursday, June 22nd. They set an “overweight” rating and a $45.00 price objective on the stock. Zacks Investment Research lowered Dermira from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Evercore ISI began coverage on Dermira in a research report on Thursday, June 29th. They issued an “outperform” rating and a $48.00 target price on the stock. Four analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $44.40.
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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