Brokerages Set Alnylam Pharmaceuticals Inc. (ALNY) PT at $59.85
Alnylam Pharmaceuticals Inc. (NASDAQ:ALNY) has received an average rating of “Buy” from the sixteen brokerages that are covering the firm. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $61.93.
Several brokerages have commented on ALNY. Chardan Capital boosted their target price on shares of Alnylam Pharmaceuticals from $73.00 to $89.00 and gave the stock a “buy” rating in a research report on Wednesday. Jefferies Group decreased their price objective on shares of Alnylam Pharmaceuticals from $86.00 to $58.00 and set a “buy” rating on the stock in a research report on Thursday, October 6th. JPMorgan Chase & Co. boosted their price objective on shares of Alnylam Pharmaceuticals from $80.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, August 5th. Stifel Nicolaus decreased their price objective on shares of Alnylam Pharmaceuticals from $68.00 to $36.00 and set a “hold” rating on the stock in a research report on Thursday, October 6th. Finally, Barclays PLC reiterated a “hold” rating and issued a $50.00 price objective on shares of Alnylam Pharmaceuticals in a research report on Thursday, November 3rd.
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Alnylam Pharmaceuticals (NASDAQ:ALNY) opened at 43.87 on Monday. The firm’s 50-day moving average is $40.00 and its 200 day moving average is $59.82. The stock’s market cap is $3.76 billion. Alnylam Pharmaceuticals has a 52 week low of $31.38 and a 52 week high of $109.10.
Alnylam Pharmaceuticals (NASDAQ:ALNY) last issued its earnings results on Wednesday, November 2nd. The biopharmaceutical company reported ($1.21) EPS for the quarter, missing the consensus estimate of ($1.14) by $0.07. The company had revenue of $13.70 million for the quarter, compared to analysts’ expectations of $9.14 million. Alnylam Pharmaceuticals had a negative return on equity of 33.97% and a negative net margin of 1,041.16%. Alnylam Pharmaceuticals’s revenue for the quarter was up 116.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.91) earnings per share. On average, equities research analysts expect that Alnylam Pharmaceuticals will post ($4.81) EPS for the current year.
In other Alnylam Pharmaceuticals news, Director David E. I. Pyott bought 27,900 shares of the company’s stock in a transaction that occurred on Thursday, October 13th. The stock was purchased at an average price of $37.00 per share, with a total value of $1,032,300.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 4.00% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC acquired a new stake in Alnylam Pharmaceuticals during the second quarter worth about $128,000. Mn Services Vermogensbeheer B.V. increased its stake in Alnylam Pharmaceuticals by 4.6% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 1,974 shares of the biopharmaceutical company’s stock worth $134,000 after buying an additional 87 shares during the period. Seven Eight Capital LLC increased its stake in Alnylam Pharmaceuticals by 200.0% in the first quarter. Seven Eight Capital LLC now owns 2,700 shares of the biopharmaceutical company’s stock worth $169,000 after buying an additional 1,800 shares during the period. Meeder Asset Management Inc. acquired a new stake in Alnylam Pharmaceuticals during the second quarter worth about $175,000. Finally, Bank of Montreal Can acquired a new stake in Alnylam Pharmaceuticals during the second quarter worth about $193,000. 89.81% of the stock is owned by hedge funds and other institutional investors.
About Alnylam Pharmaceuticals
Alnylam Pharmaceuticals, Inc is a biopharmaceutical company. The Company is engaged in developing therapeutics based on ribonucleic acid (RNA) interference (RNAi). It is focused on the use of its N-acetylgalactosamine (GalNAc)-conjugate strategy for delivery of small interfering RNAs (siRNAs). Its pipeline of investigational RNAi therapeutics focuses in three Strategic Therapeutic Areas (STArs): Genetic Medicines; Cardio-Metabolic Disease, and Hepatic Infectious Disease.
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