Alnylam Pharmaceuticals (ALNY) Given New $135.00 Price Target at Leerink Swann

Alnylam Pharmaceuticals (NASDAQ:ALNY) had its target price hoisted by stock analysts at Leerink Swann from $132.00 to $135.00 in a research report issued to clients and investors on Thursday. The brokerage currently has a “market perform” rating on the biopharmaceutical company’s stock. Leerink Swann’s price objective would indicate a potential upside of 0.45% from the company’s current price.

A number of other research analysts have also recently weighed in on the stock. B. Riley reissued a “buy” rating and set a $205.00 price objective on shares of Alnylam Pharmaceuticals in a research note on Friday, January 19th. Chardan Capital reissued a “buy” rating on shares of Alnylam Pharmaceuticals in a research note on Friday, January 19th. Piper Jaffray Companies reissued a “buy” rating and set a $182.00 price objective on shares of Alnylam Pharmaceuticals in a research note on Sunday, January 7th. Goldman Sachs Group raised shares of Alnylam Pharmaceuticals from a “buy” rating to a “conviction-buy” rating in a research note on Friday, December 15th. Finally, BidaskClub cut shares of Alnylam Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Alnylam Pharmaceuticals currently has a consensus rating of “Buy” and a consensus target price of $123.93.

Shares of Alnylam Pharmaceuticals (NASDAQ:ALNY) traded up $0.10 on Thursday, hitting $134.39. 526,871 shares of the stock were exchanged, compared to its average volume of 975,784. The company has a debt-to-equity ratio of 0.14, a quick ratio of 9.83 and a current ratio of 9.83. Alnylam Pharmaceuticals has a fifty-two week low of $35.98 and a fifty-two week high of $147.63. The stock has a market cap of $13,220.00, a PE ratio of -25.60 and a beta of 2.98.

Alnylam Pharmaceuticals (NASDAQ:ALNY) last issued its quarterly earnings data on Tuesday, November 7th. The biopharmaceutical company reported ($1.34) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.23) by ($0.11). Alnylam Pharmaceuticals had a negative return on equity of 46.94% and a negative net margin of 664.70%. The business had revenue of $17.10 million for the quarter, compared to analysts’ expectations of $28.15 million. During the same period last year, the business earned ($1.21) earnings per share. The company’s revenue for the quarter was up 24.8% on a year-over-year basis. equities analysts expect that Alnylam Pharmaceuticals will post -5.29 earnings per share for the current year.

In related news, EVP Akshay Vaishnaw sold 33,666 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $121.46, for a total transaction of $4,089,072.36. Following the sale, the executive vice president now owns 45,201 shares in the company, valued at $5,490,113.46. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Michael Mason sold 36,745 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $131.59, for a total transaction of $4,835,274.55. Following the sale, the vice president now owns 6,352 shares in the company, valued at approximately $835,859.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 274,075 shares of company stock worth $35,356,089. 4.30% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Strs Ohio acquired a new position in shares of Alnylam Pharmaceuticals in the 4th quarter valued at $141,000. CENTRAL TRUST Co boosted its holdings in shares of Alnylam Pharmaceuticals by 746.3% in the 4th quarter. CENTRAL TRUST Co now owns 1,134 shares of the biopharmaceutical company’s stock valued at $144,000 after purchasing an additional 1,000 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Alnylam Pharmaceuticals in the 4th quarter valued at $165,000. Fayerweather Charles acquired a new position in shares of Alnylam Pharmaceuticals in the 3rd quarter valued at $230,000. Finally, Watch Point Trust Co acquired a new position in shares of Alnylam Pharmaceuticals in the 3rd quarter valued at $235,000. Institutional investors own 88.41% of the company’s stock.

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About Alnylam Pharmaceuticals

Alnylam Pharmaceuticals, Inc is a biopharmaceutical company. The Company is engaged in the discovery, development and commercialization of ribonucleic acid (RNA) interference (RNAi) therapeutics. The Company is focused on the use of its N-acetylgalactosamine (GalNAc)-conjugate platform for delivery of small interfering RNAs (siRNAs).

Analyst Recommendations for Alnylam Pharmaceuticals (NASDAQ:ALNY)

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