Regulus Therapeutics (RGLS) Earns “Neutral” Rating from Chardan Capital

Regulus Therapeutics (NASDAQ:RGLS)‘s stock had its “neutral” rating restated by investment analysts at Chardan Capital in a research report issued to clients and investors on Tuesday.

RGLS has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Regulus Therapeutics from a “hold” rating to a “buy” rating and set a $1.50 price target for the company in a research note on Tuesday, October 10th. Needham & Company LLC restated a “hold” rating on shares of Regulus Therapeutics in a research note on Tuesday, November 14th. Leerink Swann initiated coverage on shares of Regulus Therapeutics in a research note on Friday, January 5th. They issued an “outperform” rating and a $2.00 price target for the company. Finally, Wedbush restated an “outperform” rating and issued a $4.00 price target on shares of Regulus Therapeutics in a research note on Monday, December 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Regulus Therapeutics currently has an average rating of “Hold” and an average price target of $2.46.

Shares of Regulus Therapeutics (NASDAQ:RGLS) opened at $1.40 on Tuesday. The company has a current ratio of 6.77, a quick ratio of 6.77 and a debt-to-equity ratio of 0.41. Regulus Therapeutics has a 12 month low of $0.79 and a 12 month high of $2.45.

Regulus Therapeutics (NASDAQ:RGLS) last issued its quarterly earnings results on Tuesday, November 7th. The biopharmaceutical company reported ($0.18) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.18). Regulus Therapeutics had a negative net margin of 107,606.96% and a negative return on equity of 189.71%. equities analysts expect that Regulus Therapeutics will post -1.03 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its stake in Regulus Therapeutics by 12.1% during the second quarter. Royal Bank of Canada now owns 184,040 shares of the biopharmaceutical company’s stock valued at $182,000 after purchasing an additional 19,934 shares during the last quarter. FMR LLC increased its stake in Regulus Therapeutics by 0.5% during the second quarter. FMR LLC now owns 7,977,349 shares of the biopharmaceutical company’s stock valued at $7,862,000 after purchasing an additional 37,489 shares during the last quarter. GSA Capital Partners LLP increased its stake in Regulus Therapeutics by 44.8% during the third quarter. GSA Capital Partners LLP now owns 203,815 shares of the biopharmaceutical company’s stock valued at $255,000 after purchasing an additional 63,100 shares during the last quarter. Quantitative Investment Management LLC bought a new stake in Regulus Therapeutics during the second quarter valued at $103,000. Finally, Goldman Sachs Group Inc. increased its stake in Regulus Therapeutics by 189.1% during the second quarter. Goldman Sachs Group Inc. now owns 368,285 shares of the biopharmaceutical company’s stock valued at $363,000 after purchasing an additional 240,890 shares during the last quarter. Hedge funds and other institutional investors own 59.39% of the company’s stock.

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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.

Analyst Recommendations for Regulus Therapeutics (NASDAQ:RGLS)

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