Arrowhead Pharmaceuticals (NASDAQ:ARWR) had its price objective lifted by analysts at B. Riley from $3.00 to $4.00 in a research note issued on Monday. The brokerage currently has a “neutral” rating on the biotechnology company’s stock. B. Riley’s target price would suggest a potential downside of 28.44% from the stock’s previous close.
Several other research analysts have also weighed in on ARWR. Cantor Fitzgerald set a $5.00 target price on Arrowhead Pharmaceuticals and gave the stock a “hold” rating in a research report on Monday. ValuEngine raised Arrowhead Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Chardan Capital reissued a “neutral” rating on shares of Arrowhead Pharmaceuticals in a research report on Tuesday, January 16th. BidaskClub lowered Arrowhead Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Finally, Piper Jaffray Companies raised Arrowhead Pharmaceuticals from a “neutral” rating to an “overweight” rating and set a $5.50 price objective on the stock in a research report on Monday, November 27th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $4.13.
Arrowhead Pharmaceuticals (ARWR) opened at $5.59 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.63 and a quick ratio of 3.63. The firm has a market capitalization of $485.14, a price-to-earnings ratio of -11.89 and a beta of 2.53. Arrowhead Pharmaceuticals has a 52-week low of $1.42 and a 52-week high of $6.75.
In other Arrowhead Pharmaceuticals news, COO Bruce D. Given sold 20,000 shares of the firm’s stock in a transaction dated Monday, January 1st. The stock was sold at an average price of $3.69, for a total value of $73,800.00. Following the transaction, the chief operating officer now directly owns 948,356 shares of the company’s stock, valued at $3,499,433.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.60% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in ARWR. Virtu KCG Holdings LLC raised its position in Arrowhead Pharmaceuticals by 115.6% in the second quarter. Virtu KCG Holdings LLC now owns 99,267 shares of the biotechnology company’s stock valued at $161,000 after purchasing an additional 53,215 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Arrowhead Pharmaceuticals by 252.2% during the third quarter. Dimensional Fund Advisors LP now owns 44,358 shares of the biotechnology company’s stock valued at $192,000 after acquiring an additional 31,765 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Arrowhead Pharmaceuticals by 237.3% during the fourth quarter. Wells Fargo & Company MN now owns 69,997 shares of the biotechnology company’s stock valued at $257,000 after acquiring an additional 49,246 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Arrowhead Pharmaceuticals by 1,177.7% during the fourth quarter. Acadian Asset Management LLC now owns 71,664 shares of the biotechnology company’s stock valued at $264,000 after acquiring an additional 66,055 shares in the last quarter. Finally, Alps Advisors Inc. acquired a new stake in shares of Arrowhead Pharmaceuticals during the fourth quarter valued at about $305,000. 20.48% of the stock is currently owned by institutional investors.
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About Arrowhead Pharmaceuticals
Arrowhead Pharmaceuticals, Inc, formerly Arrowhead Research Corporation, develops medicines that treat intractable diseases by silencing the genes that cause them. Using a portfolio of ribonucleic acid (RNA) chemistries and modes of delivery, the Company’s therapies trigger the RNA interference mechanism to induce knockdown of target genes.
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