Arrowhead Pharmaceuticals, Inc. (ARWR) Stock Price Up 6.2%
Shares of Arrowhead Pharmaceuticals, Inc. (NASDAQ:ARWR) rose 6.2% on Monday . The company traded as high as $2.74 and last traded at $2.74, with a volume of 1,323,898 shares. The stock had previously closed at $2.58.
ARWR has been the subject of a number of research reports. ValuEngine upgraded shares of Arrowhead Pharmaceuticals from a “strong sell” rating to a “sell” rating in a report on Thursday, August 24th. Piper Jaffray Companies restated a “hold” rating and set a $2.00 target price on shares of Arrowhead Pharmaceuticals in a report on Friday, July 28th. Finally, Jefferies Group LLC restated a “hold” rating and set a $2.00 target price on shares of Arrowhead Pharmaceuticals in a report on Friday, August 4th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Arrowhead Pharmaceuticals has an average rating of “Hold” and a consensus target price of $1.80.
The firm has a 50 day moving average price of $1.82 and a 200 day moving average price of $1.79. The firm’s market capitalization is $197.40 million.
Arrowhead Pharmaceuticals (NASDAQ:ARWR) last released its quarterly earnings results on Thursday, August 3rd. The biotechnology company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.06. Arrowhead Pharmaceuticals had a negative net margin of 201.84% and a negative return on equity of 46.73%. The firm had revenue of $9.34 million during the quarter, compared to analyst estimates of $5.29 million. On average, equities analysts predict that Arrowhead Pharmaceuticals, Inc. will post ($0.42) EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LMR Partners LLP purchased a new position in Arrowhead Pharmaceuticals during the second quarter valued at about $467,000. Wells Fargo & Company MN raised its position in Arrowhead Pharmaceuticals by 144.8% in the first quarter. Wells Fargo & Company MN now owns 150,346 shares of the biotechnology company’s stock valued at $278,000 after buying an additional 88,933 shares during the last quarter. SG Americas Securities LLC raised its position in Arrowhead Pharmaceuticals by 287.9% in the first quarter. SG Americas Securities LLC now owns 100,747 shares of the biotechnology company’s stock valued at $186,000 after buying an additional 74,776 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in Arrowhead Pharmaceuticals by 414.7% in the first quarter. UBS Asset Management Americas Inc. now owns 66,400 shares of the biotechnology company’s stock valued at $123,000 after buying an additional 53,500 shares during the last quarter. Finally, Virtu KCG Holdings LLC raised its stake 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 buying an additional 53,215 shares in the last quarter. Hedge funds and other institutional investors own 20.63% of the company’s stock.
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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.