Regulus Therapeutics Inc (NASDAQ:RGLS) – Wedbush reduced their FY2017 earnings per share (EPS) estimates for Regulus Therapeutics in a note issued to investors on Monday. Wedbush analyst L. Moussatos now forecasts that the biopharmaceutical company will post earnings per share of ($0.95) for the year, down from their prior forecast of ($0.88). Wedbush has a “Outperform” rating and a $4.00 price objective on the stock. Wedbush also issued estimates for Regulus Therapeutics’ Q2 2018 earnings at ($0.11) EPS, Q3 2018 earnings at ($0.11) EPS, Q4 2018 earnings at ($0.11) EPS, FY2018 earnings at ($0.46) EPS, FY2019 earnings at ($0.48) EPS, FY2020 earnings at ($0.56) EPS and FY2021 earnings at ($0.21) EPS.
Other research analysts have also recently issued research reports about the company. Zacks Investment Research cut Regulus Therapeutics from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. Needham & Company LLC reaffirmed a “hold” rating on shares of Regulus Therapeutics in a research report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Regulus Therapeutics presently has an average rating of “Hold” and an average target price of $2.60.
Large investors have recently made changes to their positions in the stock. NEA Management Company LLC purchased a new position in Regulus Therapeutics in the third quarter worth $13,737,000. FMR LLC boosted its position in Regulus Therapeutics by 0.5% in the second quarter. FMR LLC now owns 7,977,349 shares of the biopharmaceutical company’s stock worth $7,862,000 after purchasing an additional 37,489 shares during the last quarter. EcoR1 Capital LLC boosted its position in Regulus Therapeutics by 145.6% in the second quarter. EcoR1 Capital LLC now owns 3,709,144 shares of the biopharmaceutical company’s stock worth $3,656,000 after purchasing an additional 2,199,144 shares during the last quarter. South Dakota Investment Council raised its stake in shares of Regulus Therapeutics by 37.1% in the third quarter. South Dakota Investment Council now owns 1,820,027 shares of the biopharmaceutical company’s stock valued at $2,275,000 after buying an additional 492,969 shares during the period. Finally, Candriam Luxembourg S.C.A. bought a new stake in shares of Regulus Therapeutics in the third quarter valued at $750,000. 59.41% of the stock is currently owned by institutional investors.
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Regulus Therapeutics Company Profile
Regulus Therapeutics Inc is a biopharmaceutical company focused on discovering and developing drugs that target microRNAs to treat a range of diseases. The Company uses its microRNA product platform to develop chemically modified, single-stranded oligonucleotides that the Company calls anti-miRs to modulate microRNAs and return diseased cells to their healthy state.
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