Dicerna Pharmaceuticals (NASDAQ:DRNA)‘s stock had its “neutral” rating restated by equities researchers at Chardan Capital in a research note issued on Tuesday.
Several other analysts have also recently commented on DRNA. Evercore ISI assumed coverage on Dicerna Pharmaceuticals in a report on Tuesday. They set an “outperform” rating and a $14.00 target price on the stock. BidaskClub cut Dicerna Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. ValuEngine upgraded Dicerna Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Zacks Investment Research cut Dicerna Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, HC Wainwright restated a “buy” rating and set a $10.00 target price (up previously from $6.00) on shares of Dicerna Pharmaceuticals in a report on Friday, November 3rd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $8.25.
Shares of Dicerna Pharmaceuticals (DRNA) opened at $8.83 on Tuesday. The company has a market capitalization of $463.22, a price-to-earnings ratio of -2.57 and a beta of 2.85. Dicerna Pharmaceuticals has a 1-year low of $2.42 and a 1-year high of $10.24.
In other news, Director Bain Capital Life Sciences Inv purchased 285,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were acquired at an average price of $7.00 per share, for a total transaction of $1,995,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 29.41% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Northern Trust Corp boosted its holdings in Dicerna Pharmaceuticals by 6.1% in the second quarter. Northern Trust Corp now owns 36,219 shares of the biopharmaceutical company’s stock valued at $114,000 after acquiring an additional 2,094 shares during the last quarter. Birchview Capital LP boosted its holdings in Dicerna Pharmaceuticals by 125.0% in the third quarter. Birchview Capital LP now owns 45,000 shares of the biopharmaceutical company’s stock valued at $259,000 after acquiring an additional 25,000 shares during the last quarter. Deschutes Portfolio Strategy LLC bought a new position in Dicerna Pharmaceuticals in the third quarter valued at about $575,000. Vanguard Group Inc. boosted its holdings in Dicerna Pharmaceuticals by 4.5% in the second quarter. Vanguard Group Inc. now owns 340,327 shares of the biopharmaceutical company’s stock valued at $1,078,000 after acquiring an additional 14,517 shares during the last quarter. Finally, Palo Alto Investors LLC boosted its holdings in Dicerna Pharmaceuticals by 4.0% in the second quarter. Palo Alto Investors LLC now owns 500,913 shares of the biopharmaceutical company’s stock valued at $1,588,000 after acquiring an additional 19,394 shares during the last quarter. Institutional investors and hedge funds own 21.93% of the company’s stock.
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Dicerna Pharmaceuticals Company Profile
Dicerna Pharmaceuticals, Inc is a ribonucleic acid (RNA) interference-based biopharmaceutical company. The Company operates in the segment of discovery, research and development of treatments based on its RNA interference (RNAi) technology platform. The Company is focused on the discovery and development of treatments for rare inherited diseases involving the liver and for cancers that are genetically defined.
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