Alnylam Pharmaceuticals (ALNY) Given New $160.00 Price Target at BMO Capital Markets
Alnylam Pharmaceuticals (NASDAQ:ALNY) had its target price trimmed by BMO Capital Markets from $165.00 to $160.00 in a research report sent to investors on Friday morning. The firm currently has an outperform rating on the biopharmaceutical company’s stock.
A number of other equities analysts have also recently issued reports on ALNY. Morgan Stanley dropped their price objective on shares of Alnylam Pharmaceuticals from $128.00 to $118.00 and set an equal weight rating for the company in a research note on Friday. Leerink Swann increased their price objective on shares of Alnylam Pharmaceuticals from $132.00 to $135.00 and gave the company a market perform rating in a research note on Thursday, January 25th. B. Riley began coverage on shares of Alnylam Pharmaceuticals in a research note on Wednesday, November 1st. They issued a buy rating and a $240.00 price objective for the company. Piper Jaffray Companies restated a buy rating and issued a $182.00 price objective on shares of Alnylam Pharmaceuticals in a research note on Sunday, January 7th. Finally, Needham & Company LLC restated a buy rating and issued a $152.00 price objective (up previously from $125.00) on shares of Alnylam Pharmaceuticals in a research note on Friday, November 3rd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $126.98.
Alnylam Pharmaceuticals (ALNY) traded down $0.40 during trading hours on Friday, reaching $115.92. 1,304,954 shares of the company traded hands, compared to its average volume of 887,777. The firm has a market cap of $11,360.00, a PE ratio of -21.43 and a beta of 2.68. Alnylam Pharmaceuticals has a 1 year low of $40.93 and a 1 year high of $147.63. The company has a current ratio of 9.83, a quick ratio of 9.83 and a debt-to-equity ratio of 0.14.
In other news, SVP Laurie Keating sold 6,249 shares of the company’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $121.20, for a total value of $757,378.80. Following the sale, the senior vice president now owns 17,749 shares of the company’s stock, valued at approximately $2,151,178.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Michael Mason sold 36,745 shares of the company’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $131.59, for a total transaction of $4,835,274.55. Following the completion of the sale, the vice president now directly owns 6,352 shares in the company, valued at approximately $835,859.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 220,409 shares of company stock worth $28,667,017. 4.30% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Verition Fund Management LLC bought a new stake in shares of Alnylam Pharmaceuticals in the 2nd quarter worth about $1,060,000. Gotham Asset Management LLC bought a new stake in Alnylam Pharmaceuticals during the 2nd quarter worth about $772,000. Bradley Foster & Sargent Inc. CT grew its holdings in Alnylam Pharmaceuticals by 100.1% during the 3rd quarter. Bradley Foster & Sargent Inc. CT now owns 8,235 shares of the biopharmaceutical company’s stock worth $968,000 after acquiring an additional 4,120 shares during the last quarter. WINTON GROUP Ltd bought a new stake in Alnylam Pharmaceuticals during the 3rd quarter worth about $10,633,000. Finally, First Trust Advisors LP grew its holdings in Alnylam Pharmaceuticals by 25.3% during the 3rd quarter. First Trust Advisors LP now owns 784,619 shares of the biopharmaceutical company’s stock worth $92,185,000 after acquiring an additional 158,288 shares during the last quarter. 88.39% of the stock is currently owned by institutional investors and hedge funds.
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Alnylam Pharmaceuticals Company Profile
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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