Alnylam Pharmaceuticals Target of Unusually High Options Trading (ALNY)
Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) was the recipient of some unusual options trading activity on Wednesday. Stock traders bought 30,530 call options on the stock. This is an increase of approximately 937% compared to the typical daily volume of 2,944 call options.
Several brokerages have recently issued reports on ALNY. Cowen and Company reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Alnylam Pharmaceuticals in a research note on Tuesday, July 11th. Jefferies Group LLC set a $102.00 price objective on shares of Alnylam Pharmaceuticals and gave the stock a “buy” rating in a research note on Friday, August 25th. Barclays PLC lifted their price objective on shares of Alnylam Pharmaceuticals from $50.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 10th. Credit Suisse Group lifted their price objective on shares of Alnylam Pharmaceuticals from $90.00 to $96.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 27th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $99.00 price objective (down previously from $105.00) on shares of Alnylam Pharmaceuticals in a research note on Wednesday, September 6th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $93.11.
Shares of Alnylam Pharmaceuticals (NASDAQ:ALNY) opened at 113.80 on Friday. The firm’s market capitalization is $10.44 billion. The company’s 50 day moving average is $81.14 and its 200 day moving average is $69.12. Alnylam Pharmaceuticals has a 12-month low of $31.38 and a 12-month high of $118.40.
Alnylam Pharmaceuticals (NASDAQ:ALNY) last posted its earnings results on Wednesday, August 9th. The biopharmaceutical company reported ($1.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.22) by ($0.12). Alnylam Pharmaceuticals had a negative return on equity of 45.53% and a negative net margin of 670.81%. The business had revenue of $15.93 million for the quarter, compared to the consensus estimate of $23.86 million. During the same period in the previous year, the company posted ($1.05) earnings per share. Alnylam Pharmaceuticals’s revenue for the quarter was up 82.9% compared to the same quarter last year. On average, analysts forecast that Alnylam Pharmaceuticals will post ($5.19) earnings per share for the current year.
In other Alnylam Pharmaceuticals news, President Barry E. Greene sold 76,815 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $100.00, for a total transaction of $7,681,500.00. Following the transaction, the president now owns 165,399 shares of the company’s stock, valued at approximately $16,539,900. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.30% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of ALNY. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Alnylam Pharmaceuticals during the 1st quarter worth approximately $148,000. QS Investors LLC increased its stake in Alnylam Pharmaceuticals by 59.7% during the 2nd quarter. QS Investors LLC now owns 2,408 shares of the biopharmaceutical company’s stock worth $192,000 after purchasing an additional 900 shares in the last quarter. Westpac Banking Corp bought a new stake in Alnylam Pharmaceuticals during the 1st quarter worth approximately $202,000. The Manufacturers Life Insurance Company increased its stake in Alnylam Pharmaceuticals by 7.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,541 shares of the biopharmaceutical company’s stock worth $203,000 after purchasing an additional 167 shares in the last quarter. Finally, Prudential Financial Inc. bought a new stake in Alnylam Pharmaceuticals during the 1st quarter worth approximately $215,000. 94.25% of the stock is owned by institutional investors and hedge funds.
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About Alnylam Pharmaceuticals
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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