Aclaris Therapeutics, Inc. (NASDAQ:ACRS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Friday, May 12th.
According to Zacks, “Aclaris Therapeutics, Inc. is a specialty pharmaceutical company. The Company is focused on identifying, developing and commercializing drugs to met needs in dermatology. Its drug candidate consists of A-101, a high-concentration hydrogen peroxide topical solution which is being developed as a prescription treatment for seborrheic keratosis a common non-malignant skin tumor and A-102, a proprietary topical gel dosage form of hydrogen peroxide for the treatment of SK and common warts which are in different clinical trial. Aclaris Therapeutics, Inc. is headquartered in Malvern, Pennsylvania. “
A number of other analysts have also commented on the company. Jefferies Group LLC set a $36.00 target price on Aclaris Therapeutics and gave the company a “buy” rating in a research report on Thursday, April 20th. Guggenheim boosted their target price on Aclaris Therapeutics from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, March 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $39.00.
Aclaris Therapeutics (NASDAQ ACRS) traded up 3.70% during trading on Friday, reaching $25.49. The company’s stock had a trading volume of 511,777 shares. The firm’s market cap is $681.42 million. Aclaris Therapeutics has a 52 week low of $17.10 and a 52 week high of $33.25. The stock’s 50 day moving average is $25.32 and its 200-day moving average is $28.29.
Aclaris Therapeutics (NASDAQ:ACRS) last announced its quarterly earnings data on Tuesday, May 9th. The biotechnology company reported ($0.48) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.06. On average, equities research analysts forecast that Aclaris Therapeutics will post ($3.11) earnings per share for the current fiscal year.
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A number of institutional investors have recently bought and sold shares of ACRS. State Street Corp increased its position in Aclaris Therapeutics by 29.2% in the fourth quarter. State Street Corp now owns 170,630 shares of the biotechnology company’s stock valued at $4,631,000 after buying an additional 38,570 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Aclaris Therapeutics during the fourth quarter valued at about $4,739,000. Russell Investments Group Ltd. bought a new stake in Aclaris Therapeutics during the fourth quarter valued at about $1,413,000. Columbus Circle Investors increased its stake in Aclaris Therapeutics by 12.9% in the first quarter. Columbus Circle Investors now owns 180,320 shares of the biotechnology company’s stock valued at $5,377,000 after buying an additional 20,642 shares in the last quarter. Finally, Rice Hall James & Associates LLC increased its stake in Aclaris Therapeutics by 0.3% in the first quarter. Rice Hall James & Associates LLC now owns 34,827 shares of the biotechnology company’s stock valued at $1,039,000 after buying an additional 93 shares in the last quarter. Institutional investors and hedge funds own 91.40% of the company’s stock.
About Aclaris Therapeutics
Aclaris Therapeutics, Inc is a United States-based clinical-stage specialty pharmaceutical company. The Company is focused on identifying, developing and commercializing drugs to address the needs in dermatology. Its lead drug candidate, A-101 Topical Solution, is a hydrogen peroxide topical solution that the Company is developing as a prescription treatment for seborrheic keratosis (SK).
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