Stanley T. Crooke Sells 15,000 Shares of Ionis Pharmaceuticals, Inc. (IONS) Stock
Ionis Pharmaceuticals, Inc. (NASDAQ:IONS) CEO Stanley T. Crooke sold 15,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $52.00, for a total value of $780,000.00. Following the completion of the sale, the chief executive officer now directly owns 43,014 shares of the company’s stock, valued at $2,236,728. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Ionis Pharmaceuticals, Inc. (IONS) traded up 3.07% on Wednesday, reaching $54.31. The company had a trading volume of 861,051 shares. Ionis Pharmaceuticals, Inc. has a 52-week low of $24.58 and a 52-week high of $60.01. The firm has a market capitalization of $6.75 billion, a price-to-earnings ratio of 261.11 and a beta of 3.12. The company’s 50-day moving average price is $52.79 and its 200-day moving average price is $48.81.
Ionis Pharmaceuticals (NASDAQ:IONS) last issued its quarterly earnings data on Tuesday, August 8th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). Ionis Pharmaceuticals had a net margin of 5.25% and a return on equity of 15.52%. The firm had revenue of $104.15 million during the quarter, compared to analyst estimates of $93.29 million. During the same period in the prior year, the company earned ($0.47) earnings per share. The business’s quarterly revenue was up 170.7% compared to the same quarter last year. On average, analysts predict that Ionis Pharmaceuticals, Inc. will post ($0.17) earnings per share for the current year.
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A number of hedge funds and other institutional investors have recently modified their holdings of IONS. BlackRock Inc. grew its holdings in Ionis Pharmaceuticals by 37,569.7% in the 1st quarter. BlackRock Inc. now owns 6,559,808 shares of the company’s stock valued at $263,704,000 after buying an additional 6,542,394 shares in the last quarter. State Street Corp grew its holdings in Ionis Pharmaceuticals by 20.5% in the 1st quarter. State Street Corp now owns 3,340,471 shares of the company’s stock valued at $134,285,000 after buying an additional 567,792 shares in the last quarter. Vanguard Group Inc. grew its holdings in Ionis Pharmaceuticals by 4.4% in the 2nd quarter. Vanguard Group Inc. now owns 9,855,160 shares of the company’s stock valued at $501,332,000 after buying an additional 417,364 shares in the last quarter. Smith Asset Management Group LP acquired a new position in Ionis Pharmaceuticals in the 2nd quarter valued at $11,394,000. Finally, Gotham Asset Management LLC grew its holdings in Ionis Pharmaceuticals by 227.6% in the 1st quarter. Gotham Asset Management LLC now owns 313,432 shares of the company’s stock valued at $12,600,000 after buying an additional 217,756 shares in the last quarter. 89.24% of the stock is currently owned by hedge funds and other institutional investors.
IONS has been the subject of several research reports. TheStreet raised Ionis Pharmaceuticals from a “d+” rating to a “c-” rating in a research report on Wednesday, July 5th. Stifel Nicolaus reissued a “hold” rating and issued a $42.00 price objective on shares of Ionis Pharmaceuticals in a research report on Monday, July 10th. Zacks Investment Research raised Ionis Pharmaceuticals from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Wednesday, July 12th. BMO Capital Markets reissued an “outperform” rating and issued a $62.00 price objective (up from $59.00) on shares of Ionis Pharmaceuticals in a research report on Wednesday, July 12th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $64.00 price objective on shares of Ionis Pharmaceuticals in a research report on Wednesday, July 26th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $49.11.
Ionis Pharmaceuticals Company Profile
Ionis Pharmaceuticals, Inc is engaged in discovering and developing ribonucleic acid (RNA)-targeted therapeutics. The Company, using its drug discovery platform, has developed a pipeline of drugs for patients with unmet medical needs. The Company’s segments include Ionis Core and Akcea Therapeutics. In the Ionis Core segment, the Company is engaged in exploiting a drug discovery platform to generate a pipeline of drugs for the Company and its partners.
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