Shares of Ionis Pharmaceuticals Inc (NASDAQ:IONS) have been given a consensus recommendation of “Hold” by the seventeen ratings firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $49.90.
Several analysts have recently issued reports on IONS shares. Stifel Nicolaus restated a “hold” rating and set a $50.00 target price on shares of Ionis Pharmaceuticals in a research report on Friday, October 13th. BidaskClub upgraded shares of Ionis Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Zacks Investment Research upgraded shares of Ionis Pharmaceuticals from a “hold” rating to a “strong-buy” rating and set a $62.00 target price on the stock in a research report on Friday, October 27th. Morgan Stanley upped their target price on shares of Ionis Pharmaceuticals from $45.00 to $49.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 8th. Finally, BMO Capital Markets upped their price target on shares of Ionis Pharmaceuticals from $64.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, November 8th.
Shares of Ionis Pharmaceuticals (NASDAQ:IONS) traded down $1.09 during midday trading on Friday, hitting $46.38. 441,569 shares of the stock traded hands, compared to its average volume of 972,698. The company has a debt-to-equity ratio of 1.50, a current ratio of 6.25 and a quick ratio of 6.21. The stock has a market cap of $6,272.22, a PE ratio of 309.49 and a beta of 2.53. Ionis Pharmaceuticals has a 52-week low of $37.26 and a 52-week high of $65.51.
A number of hedge funds have recently modified their holdings of IONS. Ameriprise Financial Inc. grew its stake in Ionis Pharmaceuticals by 267.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 18,752 shares of the company’s stock worth $953,000 after acquiring an additional 13,647 shares in the last quarter. Northern Trust Corp grew its stake in Ionis Pharmaceuticals by 7.8% in the 2nd quarter. Northern Trust Corp now owns 621,816 shares of the company’s stock worth $31,631,000 after acquiring an additional 44,750 shares in the last quarter. Ark Investment Management LLC grew its stake in Ionis Pharmaceuticals by 38.7% in the 2nd quarter. Ark Investment Management LLC now owns 176,991 shares of the company’s stock worth $9,004,000 after acquiring an additional 49,428 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in Ionis Pharmaceuticals by 0.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 100,250 shares of the company’s stock worth $5,100,000 after acquiring an additional 387 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Ionis Pharmaceuticals by 15.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 196,812 shares of the company’s stock worth $10,014,000 after acquiring an additional 26,496 shares in the last quarter. Institutional investors and hedge funds own 91.44% of the company’s stock.
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About Ionis Pharmaceuticals
Ionis Pharmaceuticals, Inc is engaged in discovering and developing ribonucleic acid (RNA)-targeted therapeutics. The Company, using its drug discovery platform, has developed a pipeline of drugs for patients with unmet medical needs. The Company’s segments include Ionis Core and Akcea Therapeutics. In the Ionis Core segment, the Company is engaged in exploiting a drug discovery platform to generate a pipeline of drugs for the Company and its partners.
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