C WorldWide Group Holding A S Increases Position in Dermira, Inc. (DERM)
C WorldWide Group Holding A S increased its position in shares of Dermira, Inc. (NASDAQ:DERM) by 46.0% during the second quarter, Holdings Channel reports. The firm owned 120,815 shares of the biopharmaceutical company’s stock after buying an additional 38,069 shares during the period. C WorldWide Group Holding A S’s holdings in Dermira were worth $3,521,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. increased its stake in Dermira by 4,816.7% in the first quarter. BlackRock Inc. now owns 3,392,848 shares of the biopharmaceutical company’s stock worth $115,729,000 after buying an additional 3,323,841 shares in the last quarter. TimesSquare Capital Management LLC increased its stake in Dermira by 6.8% in the first quarter. TimesSquare Capital Management LLC now owns 2,588,661 shares of the biopharmaceutical company’s stock worth $88,299,000 after buying an additional 164,950 shares in the last quarter. Vanguard Group Inc. increased its stake in Dermira by 20.7% in the first quarter. Vanguard Group Inc. now owns 1,272,700 shares of the biopharmaceutical company’s stock worth $43,412,000 after buying an additional 217,943 shares in the last quarter. Jana Partners LLC increased its stake in Dermira by 171.0% in the first quarter. Jana Partners LLC now owns 655,252 shares of the biopharmaceutical company’s stock worth $22,351,000 after buying an additional 413,442 shares in the last quarter. Finally, MARSHALL WACE ASIA Ltd acquired a new stake in Dermira during the first quarter worth about $20,296,000. Institutional investors and hedge funds own 84.57% of the company’s stock.
Shares of Dermira, Inc. (DERM) opened at 23.25 on Friday. The company’s market cap is $966.99 million. The stock’s 50 day moving average is $28.06 and its 200-day moving average is $30.67. Dermira, Inc. has a one year low of $21.35 and a one year high of $38.75.
Dermira (NASDAQ:DERM) last announced its earnings results on Monday, August 7th. The biopharmaceutical company reported ($0.93) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.89) by $0.04. Dermira had a negative net margin of 408.50% and a negative return on equity of 31.66%. The company had revenue of $1.07 million for the quarter, compared to the consensus estimate of $1 million. Equities research analysts forecast that Dermira, Inc. will post ($4.17) earnings per share for the current year.
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A number of research firms have issued reports on DERM. BidaskClub downgraded shares of Dermira from a “sell” rating to a “strong sell” rating in a report on Thursday. Needham & Company LLC reissued a “buy” rating and issued a $46.00 price objective on shares of Dermira in a report on Tuesday, July 18th. Cantor Fitzgerald began coverage on shares of Dermira in a report on Thursday, June 22nd. They issued an “overweight” rating and a $45.00 price objective for the company. Evercore ISI began coverage on shares of Dermira in a report on Thursday, June 29th. They issued an “outperform” rating and a $48.00 price objective for the company. Finally, Zacks Investment Research downgraded shares of Dermira from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Five research analysts have rated the stock with a sell rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $43.80.
In other news, SVP Christopher M. Griffith sold 1,312 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $27.07, for a total value of $35,515.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas G. Wiggans sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $27.52, for a total transaction of $137,600.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,812 shares of company stock valued at $482,231. 13.30% of the stock is currently owned by company insiders.
Dermira, Inc is a biopharmaceutical company. The Company is focused on the development of therapeutic solutions in medical dermatology to treat skin conditions, such as hyperhidrosis, psoriasis and acne. Its portfolio includes three late-stage product candidates: Cimzia (certolizumab pegol), glycopyrronium tosylate and olumacostat glasaretil.
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