Alnylam Pharmaceuticals, Inc. (ALNY) Given Overweight Rating at Piper Jaffray Companies

Piper Jaffray Companies reissued their overweight rating on shares of Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) in a research note issued to investors on Thursday. They currently have a $14.71 price objective on the biopharmaceutical company’s stock, down from their previous price objective of $188.00.

A number of other analysts also recently issued reports on the company. B. Riley assumed coverage on Alnylam Pharmaceuticals in a research report on Wednesday. They issued a buy rating and a $240.00 target price on the stock. FBR & Co initiated coverage on Alnylam Pharmaceuticals in a report on Monday, October 30th. They set a buy rating and a $150.00 price target for the company. Goldman Sachs Group, Inc. (The) upgraded Alnylam Pharmaceuticals from a neutral rating to a buy rating and lifted their price target for the stock from $62.00 to $163.00 in a report on Monday, October 2nd. Jefferies Group LLC lifted their price target on Alnylam Pharmaceuticals from $102.00 to $130.00 and gave the stock a buy rating in a report on Tuesday, September 26th. Finally, Chardan Capital reiterated a buy rating and set a $124.00 price target on shares of Alnylam Pharmaceuticals in a report on Monday, September 25th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $109.66.

Alnylam Pharmaceuticals (NASDAQ ALNY) traded down $1.23 during trading hours on Thursday, hitting $132.36. The company had a trading volume of 1,460,580 shares, compared to its average volume of 1,126,231. The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.84 and a current ratio of 8.84. Alnylam Pharmaceuticals has a twelve month low of $31.42 and a twelve month high of $147.63.

Alnylam Pharmaceuticals (NASDAQ:ALNY) last released its earnings results on Wednesday, August 9th. The biopharmaceutical company reported ($1.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.22) by ($0.12). The company had revenue of $15.93 million during the quarter, compared to analyst estimates of $23.86 million. Alnylam Pharmaceuticals had a negative net margin of 670.81% and a negative return on equity of 45.53%. Alnylam Pharmaceuticals’s revenue was up 82.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.05) EPS. analysts anticipate that Alnylam Pharmaceuticals will post -5.14 earnings per share for the current year.

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In other Alnylam Pharmaceuticals news, President Barry E. Greene sold 85,316 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $125.00, for a total transaction of $10,664,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Akshay Vaishnaw sold 33,666 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $121.46, for a total transaction of $4,089,072.36. Following the transaction, the executive vice president now owns 45,201 shares of the company’s stock, valued at $5,490,113.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 215,797 shares of company stock valued at $25,035,072. 4.30% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in ALNY. QS Investors LLC raised its position in Alnylam Pharmaceuticals by 59.7% during the second quarter. QS Investors LLC now owns 2,408 shares of the biopharmaceutical company’s stock valued at $192,000 after purchasing an additional 900 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Alnylam Pharmaceuticals by 7.0% during the second quarter. The Manufacturers Life Insurance Company now owns 2,541 shares of the biopharmaceutical company’s stock valued at $203,000 after purchasing an additional 167 shares in the last quarter. Prudential Financial Inc. acquired a new position in Alnylam Pharmaceuticals during the first quarter valued at approximately $215,000. CIBC Asset Management Inc acquired a new position in Alnylam Pharmaceuticals during the second quarter valued at approximately $221,000. Finally, Neuberger Berman Group LLC acquired a new position in Alnylam Pharmaceuticals during the second quarter valued at approximately $229,000. Institutional investors and hedge funds own 94.39% of the company’s stock.

Alnylam Pharmaceuticals Company Profile

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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