Shares of Regulus Therapeutics Inc. (NASDAQ:RGLS) dropped 6.3% during mid-day trading on Friday . The stock traded as low as $1.02 and last traded at $1.05. Approximately 675,328 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 774,077 shares. The stock had previously closed at $1.12.
RGLS has been the subject of several recent research reports. Zacks Investment Research upgraded Regulus Therapeutics from a “hold” rating to a “buy” rating and set a $1.00 price target for the company in a research note on Wednesday, July 12th. Chardan Capital downgraded Regulus Therapeutics from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 2nd. Needham & Company LLC restated a “hold” rating on shares of Regulus Therapeutics in a research note on Wednesday, August 2nd. Finally, Wedbush restated an “ourperform” rating and issued a $4.00 price target on shares of Regulus Therapeutics in a research note on Monday, August 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $3.67.
The firm’s 50-day moving average is $1.27 and its 200 day moving average is $1.21. The company’s market capitalization is $108.97 million.
Regulus Therapeutics (NASDAQ:RGLS) last posted its quarterly earnings data on Tuesday, August 1st. The biopharmaceutical company reported ($0.41) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by ($0.10). The business had revenue of $0.02 million for the quarter, compared to the consensus estimate of $0.02 million. Regulus Therapeutics had a negative net margin of 31,460.47% and a negative return on equity of 173.20%. Equities analysts anticipate that Regulus Therapeutics Inc. will post ($0.96) earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of the stock. Victory Capital Management Inc. bought a new stake in Regulus Therapeutics during the third quarter valued at $347,000. EcoR1 Capital LLC boosted its stake in Regulus Therapeutics by 145.6% during the second quarter. EcoR1 Capital LLC now owns 3,709,144 shares of the biopharmaceutical company’s stock valued at $3,656,000 after buying an additional 2,199,144 shares during the period. Royal Bank of Canada boosted its stake in Regulus Therapeutics by 12.1% during the second quarter. Royal Bank of Canada now owns 184,040 shares of the biopharmaceutical company’s stock valued at $182,000 after buying an additional 19,934 shares during the period. Goldman Sachs Group Inc. boosted its stake in Regulus Therapeutics by 189.1% during the second quarter. Goldman Sachs Group Inc. now owns 368,285 shares of the biopharmaceutical company’s stock valued at $363,000 after buying an additional 240,890 shares during the period. Finally, FMR LLC boosted its stake in Regulus Therapeutics by 0.5% during the second quarter. FMR LLC now owns 7,977,349 shares of the biopharmaceutical company’s stock valued at $7,862,000 after buying an additional 37,489 shares during the period. 21.97% of the stock is owned by institutional investors.
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About Regulus Therapeutics
Regulus Therapeutics Inc is a biopharmaceutical company focused on discovering and developing drugs that target microRNAs to treat a range of diseases. The Company uses its microRNA product platform to develop chemically modified, single-stranded oligonucleotides that the Company calls anti-miRs to modulate microRNAs and return diseased cells to their healthy state.
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