Dicerna Pharmaceuticals Inc (DRNA) Given Average Rating of “Hold” by Brokerages

Shares of Dicerna Pharmaceuticals Inc (NASDAQ:DRNA) have earned an average rating of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $11.00.

Several equities analysts have recently weighed in on DRNA shares. HC Wainwright restated a “buy” rating and issued a $10.00 price objective (up previously from $6.00) on shares of Dicerna Pharmaceuticals in a report on Friday, November 3rd. Zacks Investment Research upgraded Dicerna Pharmaceuticals from a “strong sell” rating to a “buy” rating and set a $6.25 price objective for the company in a report on Monday, October 23rd. BidaskClub cut Dicerna Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Chardan Capital reiterated a “neutral” rating on shares of Dicerna Pharmaceuticals in a report on Tuesday, January 16th. Finally, Evercore ISI started coverage on Dicerna Pharmaceuticals in a report on Tuesday, January 16th. They set an “outperform” rating and a $14.00 price target for the company.

In other Dicerna Pharmaceuticals news, Director Bain Capital Life Sciences Inv purchased 285,000 shares of Dicerna Pharmaceuticals stock in a transaction that occurred on Monday, December 18th. The stock was acquired at an average price of $7.00 per share, for a total transaction of $1,995,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 29.41% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. First Manhattan Co. bought a new stake in shares of Dicerna Pharmaceuticals during the fourth quarter worth approximately $3,865,000. Deschutes Portfolio Strategy LLC bought a new stake in shares of Dicerna Pharmaceuticals during the third quarter worth approximately $575,000. Emerald Advisers Inc. PA bought a new stake in shares of Dicerna Pharmaceuticals during the fourth quarter worth approximately $266,000. Birchview Capital LP boosted its holdings in shares of Dicerna Pharmaceuticals by 125.0% during the third quarter. Birchview Capital LP now owns 45,000 shares of the biopharmaceutical company’s stock worth $259,000 after acquiring an additional 25,000 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Dicerna Pharmaceuticals by 4.5% during the second quarter. Vanguard Group Inc. now owns 340,327 shares of the biopharmaceutical company’s stock worth $1,078,000 after acquiring an additional 14,517 shares during the period. Institutional investors and hedge funds own 22.76% of the company’s stock.

Shares of Dicerna Pharmaceuticals (NASDAQ:DRNA) traded up $0.67 during midday trading on Tuesday, hitting $9.61. The stock had a trading volume of 306,256 shares, compared to its average volume of 425,654. The company has a market cap of $469.42, a PE ratio of -2.80 and a beta of 2.75. Dicerna Pharmaceuticals has a 12 month low of $2.43 and a 12 month high of $11.19.

Dicerna Pharmaceuticals (NASDAQ:DRNA) last announced its quarterly earnings data on Thursday, November 2nd. The biopharmaceutical company reported ($0.92) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.70) by ($0.22). The company had revenue of $0.47 million during the quarter. Dicerna Pharmaceuticals had a negative net margin of 5,895.26% and a negative return on equity of 293.25%. Dicerna Pharmaceuticals’s quarterly revenue was up 192.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.68) EPS. research analysts anticipate that Dicerna Pharmaceuticals will post -2.93 EPS for the current year.

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About Dicerna Pharmaceuticals

Dicerna Pharmaceuticals, Inc is a ribonucleic acid (RNA) interference-based biopharmaceutical company. The Company operates in the segment of discovery, research and development of treatments based on its RNA interference (RNAi) technology platform. The Company is focused on the discovery and development of treatments for rare inherited diseases involving the liver and for cancers that are genetically defined.

Analyst Recommendations for Dicerna Pharmaceuticals (NASDAQ:DRNA)

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