Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY)‘s stock had its “overweight” rating reiterated by equities research analysts at Piper Jaffray Companies in a research note issued to investors on Wednesday. They presently have a $116.00 price target on the biopharmaceutical company’s stock, up from their previous price target of $110.00. Piper Jaffray Companies’ price objective suggests a potential upside of 1.95% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the company. Needham & Company LLC boosted their target price on Alnylam Pharmaceuticals from $85.00 to $125.00 in a research note on Wednesday. Chardan Capital set a $110.00 price objective on Alnylam Pharmaceuticals and gave the stock a “buy” rating in a research note on Monday, June 12th. BidaskClub cut Alnylam Pharmaceuticals from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 29th. Jefferies Group LLC reiterated a “buy” rating and set a $102.00 price objective on shares of Alnylam Pharmaceuticals in a research note on Thursday, June 22nd. Finally, Credit Suisse Group set a $96.00 price objective on Alnylam Pharmaceuticals and gave the stock a “buy” rating in a research note on Tuesday, July 11th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $87.59.
Alnylam Pharmaceuticals (ALNY) traded up 51.71% during trading on Wednesday, reaching $113.84. The company had a trading volume of 18,362,421 shares. The company’s market capitalization is $10.44 billion. Alnylam Pharmaceuticals has a 52-week low of $31.38 and a 52-week high of $116.93. The company has a 50 day moving average price of $81.14 and a 200 day moving average price of $69.12.
Alnylam Pharmaceuticals (NASDAQ:ALNY) last released its earnings results on Wednesday, August 9th. The biopharmaceutical company reported ($1.34) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.22) by ($0.12). The firm had revenue of $15.93 million during the quarter, compared to the consensus estimate of $23.86 million. Alnylam Pharmaceuticals had a negative net margin of 670.81% and a negative return on equity of 45.53%. The company’s revenue was up 82.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.05) EPS. On average, equities analysts forecast that Alnylam Pharmaceuticals will post ($5.19) EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently modified their holdings of the business. Broadfin Capital LLC acquired a new position in Alnylam Pharmaceuticals in the 2nd quarter valued at $14,453,000. Verition Fund Management LLC acquired a new position in Alnylam Pharmaceuticals in the 2nd quarter valued at $1,060,000. The Manufacturers Life Insurance Company grew its holdings in Alnylam Pharmaceuticals by 7.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,541 shares of the biopharmaceutical company’s stock valued at $203,000 after buying an additional 167 shares in the last quarter. EcoR1 Capital LLC acquired a new position in Alnylam Pharmaceuticals in the 2nd quarter valued at $831,000. Finally, BlueCrest Capital Management Ltd acquired a new position in Alnylam Pharmaceuticals in the 2nd quarter valued at $1,304,000. 94.25% of the stock is currently owned by hedge funds and other institutional investors.
Alnylam Pharmaceuticals Company Profile
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).
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