Allena Pharmaceuticals, Inc. (ALNA) Forecasted to Earn Q3 2017 Earnings of ($0.46) Per Share
Allena Pharmaceuticals, Inc. (NASDAQ:ALNA) – Stock analysts at Wedbush issued their Q3 2017 earnings estimates for shares of Allena Pharmaceuticals in a research note issued on Monday. Wedbush analyst L. Moussatos anticipates that the company will earn ($0.46) per share for the quarter. Wedbush has a “Outperform” rating and a $30.00 price target on the stock. Wedbush also issued estimates for Allena Pharmaceuticals’ Q4 2017 earnings at ($0.31) EPS, Q1 2018 earnings at ($0.36) EPS, Q2 2018 earnings at ($0.35) EPS, Q3 2018 earnings at ($0.35) EPS, Q4 2018 earnings at ($0.35) EPS, FY2018 earnings at ($1.42) EPS, FY2019 earnings at ($1.81) EPS, FY2020 earnings at ($2.01) EPS and FY2021 earnings at ($2.49) EPS.
Several other analysts also recently weighed in on ALNA. Jefferies Group began coverage on shares of Allena Pharmaceuticals in a report on Monday, November 27th. They issued a “buy” rating and a $22.00 target price on the stock. Cowen began coverage on shares of Allena Pharmaceuticals in a report on Monday, November 27th. They issued an “outperform” rating on the stock. Finally, Credit Suisse Group began coverage on shares of Allena Pharmaceuticals in a report on Monday, November 27th. They issued an “outperform” rating and a $22.00 target price on the stock.
Allena Pharmaceuticals (NASDAQ ALNA) opened at $14.00 on Thursday. Allena Pharmaceuticals has a one year low of $8.66 and a one year high of $15.00.
In other news, major shareholder Bessemer Venture Partners Vii bought 36,000 shares of the stock in a transaction dated Monday, November 6th. The shares were acquired at an average price of $14.00 per share, with a total value of $504,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James N. Topper bought 500,000 shares of the stock in a transaction dated Monday, November 6th. The stock was purchased at an average cost of $14.00 per share, for a total transaction of $7,000,000.00. The disclosure for this purchase can be found here.
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Allena Pharmaceuticals Company Profile
Allena Pharmaceuticals, Inc is a biopharmaceutical company. The Company is focused on developing and commercializing non-systemic oral protein therapeutics to treat metabolic and orphan diseases, with a particular focus on nephrologic and urologic conditions. Its lead product candidate, ALLN-177, is in an ongoing Phase II clinical trial and is being developed for the chronic management of hyperoxaluria and kidney stones.
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