Zacks: Aileron Therapeutics Inc (ALRN) Given $19.33 Consensus Target Price by Brokerages

Shares of Aileron Therapeutics Inc (NASDAQ:ALRN) have been given a consensus broker rating score of 1.00 (Strong Buy) from the four analysts that cover the stock, Zacks Investment Research reports. Four equities research analysts have rated the stock with a strong buy rating.

Brokers have set a 12-month consensus price target of $19.33 for the company and are forecasting that the company will post ($0.46) EPS for the current quarter, according to Zacks. Zacks has also given Aileron Therapeutics an industry rank of 179 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research raised shares of Aileron Therapeutics from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th.

In other Aileron Therapeutics news, major shareholder Apple Tree Partners Ii Lp sold 150,000 shares of the business’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $9.80, for a total transaction of $1,470,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 68.10% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Nexthera Capital LP bought a new stake in Aileron Therapeutics during the 2nd quarter valued at $1,272,000. Goldman Sachs Group Inc. bought a new stake in Aileron Therapeutics during the 2nd quarter valued at $418,000. Laurion Capital Management LP bought a new stake in Aileron Therapeutics during the 2nd quarter valued at $335,000. Neuberger Berman Group LLC bought a new stake in Aileron Therapeutics during the 2nd quarter valued at $279,000. Finally, Citadel Advisors LLC bought a new stake in Aileron Therapeutics during the 2nd quarter valued at $141,000. 7.64% of the stock is currently owned by institutional investors and hedge funds.

Aileron Therapeutics (NASDAQ ALRN) traded down $0.41 during trading hours on Friday, hitting $9.21. 36,697 shares of the company were exchanged, compared to its average volume of 35,742. The company has a market cap of $129.75 and a PE ratio of -6.58. Aileron Therapeutics has a 52 week low of $8.77 and a 52 week high of $15.48.

Aileron Therapeutics (NASDAQ:ALRN) last posted its quarterly earnings results on Thursday, November 9th. The company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.07). research analysts expect that Aileron Therapeutics will post -1.76 EPS for the current fiscal year.

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Aileron Therapeutics Company Profile

Aileron Therapeutics, Inc is a United States-based clinical-stage biopharmaceutical company. The Company is focused on developing and commercializing a class of therapeutics called stapled peptides. It is also developing a pipeline of stapled peptide drugs across a range of therapeutic areas, including cancer, endocrine and metabolic diseases and inflammation.

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