Alnylam Pharmaceuticals (ALNY) Given Buy Rating at Piper Jaffray Companies

Alnylam Pharmaceuticals (NASDAQ:ALNY)‘s stock had its “buy” rating restated by equities research analysts at Piper Jaffray Companies in a report issued on Friday, November 17th. They currently have a $182.00 target price on the biopharmaceutical company’s stock. Piper Jaffray Companies’ price target would indicate a potential upside of 46.10% from the company’s previous close.

ALNY has been the topic of several other research reports. Credit Suisse Group increased their target price on shares of Alnylam Pharmaceuticals from $123.00 to $151.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Needham & Company LLC reissued a “buy” rating and set a $85.00 price target (down previously from $98.00) on shares of Alnylam Pharmaceuticals in a research report on Thursday, September 7th. B. Riley started coverage on shares of Alnylam Pharmaceuticals in a research report on Wednesday, November 1st. They set a “buy” rating and a $240.00 price target for the company. Chardan Capital reissued a “buy” rating on shares of Alnylam Pharmaceuticals in a research report on Monday, September 11th. Finally, Nomura initiated coverage on shares of Alnylam Pharmaceuticals in a research report on Thursday, September 14th. They set a “reduce” rating and a $56.00 price target for the company. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seventeen have given a buy rating to the stock. Alnylam Pharmaceuticals presently has an average rating of “Buy” and an average target price of $121.85.

Shares of Alnylam Pharmaceuticals (NASDAQ ALNY) traded down $2.43 during mid-day trading on Friday, hitting $124.57. 974,249 shares of the company were exchanged, compared to its average volume of 1,148,462. 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 12 month low of $35.98 and a 12 month high of $147.63.

Alnylam Pharmaceuticals (NASDAQ:ALNY) last issued its quarterly earnings results on Tuesday, November 7th. The biopharmaceutical company reported ($1.34) EPS 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 company had revenue of $17.10 million during the quarter, compared to the consensus estimate of $28.15 million. During the same period in the previous year, the company earned ($1.21) EPS. Alnylam Pharmaceuticals’s quarterly revenue was up 24.8% on a year-over-year basis. research analysts forecast that Alnylam Pharmaceuticals will post -5.21 EPS for the current year.

In related news, SVP Laurie Keating sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $135.89, for a total transaction of $4,076,700.00. Following the completion of the sale, the senior vice president now directly owns 41,500 shares in the company, valued at $5,639,435. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Akshay Vaishnaw sold 33,666 shares of the business’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 of the company’s stock, valued at $5,490,113.46. The disclosure for this sale can be found here. Insiders sold 393,212 shares of company stock valued at $48,109,436 over the last quarter. Company insiders own 4.30% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Prudential Financial Inc. purchased a new position in Alnylam Pharmaceuticals during the first quarter valued at approximately $215,000. Teachers Advisors LLC lifted its holdings in Alnylam Pharmaceuticals by 9.1% during the first quarter. Teachers Advisors LLC now owns 80,238 shares of the biopharmaceutical company’s stock valued at $4,112,000 after purchasing an additional 6,662 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Alnylam Pharmaceuticals by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 112,778 shares of the biopharmaceutical company’s stock valued at $5,780,000 after purchasing an additional 1,428 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Alnylam Pharmaceuticals during the first quarter valued at approximately $2,619,000. Finally, Capstone Asset Management Co. purchased a new position in Alnylam Pharmaceuticals during the second quarter valued at approximately $232,000. Institutional investors own 88.43% of the company’s stock.

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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).

Analyst Recommendations for Alnylam Pharmaceuticals (NASDAQ:ALNY)

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