Traders Buy Shares of Alnylam Pharmaceuticals (ALNY) on Weakness on Disappointing Earnings
Traders bought shares of Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) on weakness during trading hours on Friday following a weaker than expected earnings announcement. $49.05 million flowed into the stock on the tick-up and $31.62 million flowed out of the stock on the tick-down, for a money net flow of $17.43 million into the stock. Of all stocks tracked, Alnylam Pharmaceuticals had the 24th highest net in-flow for the day. Alnylam Pharmaceuticals traded down ($0.40) for the day and closed at $115.92The biopharmaceutical company reported ($1.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.38) by ($0.10). The firm had revenue of $37.90 million for the quarter, compared to analyst estimates of $19.31 million. Alnylam Pharmaceuticals had a negative return on equity of 46.94% and a negative net margin of 664.70%. The company’s quarterly revenue was up 116.6% compared to the same quarter last year. During the same period last year, the firm earned ($1.32) EPS.
Several research analysts have recently issued reports on ALNY shares. B. Riley cut their price target on Alnylam Pharmaceuticals to $220.00 and set a “buy” rating for the company in a research note on Wednesday, November 8th. Jefferies Group reaffirmed a “buy” rating and set a $156.00 price target on shares of Alnylam Pharmaceuticals in a research note on Friday. Leerink Swann lifted their price target on Alnylam Pharmaceuticals from $132.00 to $135.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $14.71 price target (down previously from $188.00) on shares of Alnylam Pharmaceuticals in a research note on Thursday, November 2nd. Finally, BidaskClub downgraded Alnylam Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $126.98.
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 transaction of $757,378.80. Following the completion of the transaction, 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 filing with the SEC, which is available at this hyperlink. Also, CEO John Maraganore sold 73,415 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $130.90, for a total transaction of $9,610,023.50. Following the transaction, the chief executive officer now directly owns 223,125 shares of the company’s stock, valued at approximately $29,207,062.50. The disclosure for this sale can be found here. Insiders sold a total of 220,409 shares of company stock valued at $28,667,017 in the last three months. 4.30% of the stock is currently owned by corporate insiders.
The company has a current ratio of 9.83, a quick ratio of 9.83 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $11,400.00, a P/E ratio of -22.08 and a beta of 2.68.
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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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