Regulus Therapeutics Inc (RGLS) Given Average Rating of “Hold” by Analysts
Shares of Regulus Therapeutics Inc (NASDAQ:RGLS) have been given a consensus recommendation of “Hold” by the ten ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $2.45.
RGLS has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Regulus Therapeutics from a “hold” rating to a “buy” rating and set a $1.25 price objective on the stock in a research note on Thursday. Needham & Company LLC reiterated a “hold” rating on shares of Regulus Therapeutics in a research report on Tuesday, November 14th. Leerink Swann started coverage on shares of Regulus Therapeutics in a research report on Friday. They set an “outperform” rating and a $2.00 target price on the stock. Finally, Wedbush reiterated an “outperform” rating and set a $4.00 target price on shares of Regulus Therapeutics in a research report on Monday, December 11th.
Large investors have recently modified their holdings of the stock. Quantitative Investment Management LLC purchased a new position in shares of Regulus Therapeutics in the 2nd quarter worth about $103,000. GSA Capital Partners LLP purchased a new position in shares of Regulus Therapeutics in the 2nd quarter worth about $139,000. Royal Bank of Canada boosted its holdings in shares of Regulus Therapeutics by 12.1% in the 2nd quarter. Royal Bank of Canada now owns 184,040 shares of the biopharmaceutical company’s stock worth $182,000 after buying an additional 19,934 shares during the last quarter. Victory Capital Management Inc. purchased a new position in shares of Regulus Therapeutics in the 3rd quarter worth about $347,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Regulus Therapeutics by 189.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 368,285 shares of the biopharmaceutical company’s stock worth $363,000 after buying an additional 240,890 shares during the last quarter. 59.39% of the stock is currently owned by institutional investors.
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About Regulus Therapeutics
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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