Arrowhead Pharmaceuticals, Inc. (NASDAQ:ARWR – Get Free Report) insider Tracie Oliver sold 9,394 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $25.28, for a total transaction of $237,480.32. Following the completion of the transaction, the insider now directly owns 127,107 shares in the company, valued at approximately $3,213,264.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Arrowhead Pharmaceuticals Price Performance
NASDAQ ARWR opened at $25.07 on Thursday. The business’s 50-day moving average is $24.53 and its 200 day moving average is $28.31. Arrowhead Pharmaceuticals, Inc. has a 1 year low of $20.67 and a 1 year high of $39.83.
Arrowhead Pharmaceuticals (NASDAQ:ARWR – Get Free Report) last announced its earnings results on Thursday, May 9th. The biotechnology company reported ($1.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.96). Arrowhead Pharmaceuticals had a negative net margin of 163.32% and a negative return on equity of 140.72%. The firm’s quarterly revenue was down 100.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.45 EPS. As a group, research analysts predict that Arrowhead Pharmaceuticals, Inc. will post -3.05 EPS for the current fiscal year.
Hedge Funds Weigh In On Arrowhead Pharmaceuticals
Analysts Set New Price Targets
Several equities analysts recently commented on ARWR shares. The Goldman Sachs Group began coverage on Arrowhead Pharmaceuticals in a research report on Wednesday, June 5th. They set a “neutral” rating and a $31.00 target price for the company. Morgan Stanley lowered their target price on shares of Arrowhead Pharmaceuticals from $36.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Monday, May 13th. StockNews.com raised shares of Arrowhead Pharmaceuticals to a “sell” rating in a research note on Tuesday. Chardan Capital restated a “buy” rating and set a $60.00 price objective on shares of Arrowhead Pharmaceuticals in a research report on Wednesday, June 26th. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of Arrowhead Pharmaceuticals in a research note on Thursday, June 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $47.89.
Read Our Latest Analysis on ARWR
About Arrowhead Pharmaceuticals
Arrowhead Pharmaceuticals, Inc develops medicines for the treatment of intractable diseases in the United States. The company's products in pipeline includes Plozasiran, which is in Phase 2b and one Phase 3 clinical trial to treat hypertriglyceridemia, mixed dyslipidemia, and chylomicronemia syndrome; Zodasiran that is in Phase 2b clinical trial for the treatment of dyslipidemia and hypertriglyceridemia; ARO-PNPLA3, which is in Phase 1 clinical trial to treat patients with non-alcoholic steatohepatitis; ARO-RAGE that is in Phase 1/2a clinical trial to treat inflammatory pulmonary conditions; and ARO-MUC5AC, which is in Phase 1/2a clinical trial to treat muco-obstructive pulmonary diseases.
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