B Lynne Parshall Sells 16,118 Shares of Ionis Pharmaceuticals, Inc. (IONS) Stock
Ionis Pharmaceuticals, Inc. (NASDAQ:IONS) COO B Lynne Parshall sold 16,118 shares of the company’s stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $65.00, for a total value of $1,047,670.00. Following the sale, the chief operating officer now owns 33,526 shares of the company’s stock, valued at $2,179,190. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Ionis Pharmaceuticals, Inc. (NASDAQ IONS) traded up 1.15% on Friday, reaching $64.39. The company had a trading volume of 1,631,810 shares. The company has a 50-day moving average price of $56.15 and a 200-day moving average price of $50.31. The firm has a market capitalization of $8.01 billion, a PE ratio of 309.57 and a beta of 3.12. Ionis Pharmaceuticals, Inc. has a 52-week low of $24.58 and a 52-week high of $65.51.
Ionis Pharmaceuticals (NASDAQ:IONS) last posted 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). The business had revenue of $104.15 million during the quarter, compared to the consensus estimate of $93.29 million. Ionis Pharmaceuticals had a return on equity of 15.52% and a net margin of 5.25%. The company’s revenue for the quarter was up 170.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.47) earnings per share. Equities research analysts forecast that Ionis Pharmaceuticals, Inc. will post ($0.16) EPS for the current fiscal year.
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IONS has been the subject of several research analyst reports. Zacks Investment Research upgraded Ionis Pharmaceuticals from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Monday, July 31st. Jefferies Group LLC reaffirmed an “underperform” rating and issued a $18.00 target price (up previously from $17.00) on shares of Ionis Pharmaceuticals in a research report on Thursday, August 10th. Sanford C. Bernstein began coverage on Ionis Pharmaceuticals in a research report on Thursday, July 27th. They issued a “market perform” rating and a $57.00 target price for the company. BMO Capital Markets reaffirmed an “outperform” rating and issued a $62.00 target price (up previously from $59.00) on shares of Ionis Pharmaceuticals in a research report on Wednesday, July 12th. Finally, Barclays PLC decreased their target price on Ionis Pharmaceuticals from $55.00 to $52.00 and set an “equal weight” rating for the company in a research report on Thursday, September 21st. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Ionis Pharmaceuticals currently has an average rating of “Hold” and a consensus price target of $50.04.
Institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC increased its stake in shares of Ionis Pharmaceuticals by 62.8% in the second quarter. Parallel Advisors LLC now owns 2,073 shares of the company’s stock worth $109,000 after purchasing an additional 800 shares during the period. Aviva PLC bought a new position in shares of Ionis Pharmaceuticals in the second quarter worth about $10,187,000. Credit Suisse AG increased its stake in shares of Ionis Pharmaceuticals by 79.2% in the first quarter. Credit Suisse AG now owns 385,145 shares of the company’s stock worth $15,483,000 after purchasing an additional 170,192 shares during the period. Allen Investment Management LLC increased its stake in shares of Ionis Pharmaceuticals by 64.7% in the second quarter. Allen Investment Management LLC now owns 15,652 shares of the company’s stock worth $796,000 after purchasing an additional 6,147 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Ionis Pharmaceuticals by 21.4% in the second quarter. Russell Investments Group Ltd. now owns 20,077 shares of the company’s stock worth $1,021,000 after purchasing an additional 3,538 shares during the period. Institutional investors and hedge funds own 89.24% of the company’s stock.
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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