Arrowhead Pharmaceuticals (ARWR) Sets New 12-Month High at $6.29

Arrowhead Pharmaceuticals Inc (NASDAQ:ARWR)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $6.29 and last traded at $5.72, with a volume of 5108700 shares. The stock had previously closed at $5.72.

A number of equities analysts have recently issued reports on the company. BidaskClub upgraded Arrowhead Pharmaceuticals from a “buy” rating to a “strong-buy” rating in a research report on Thursday. B. Riley started coverage on Arrowhead Pharmaceuticals in a research report on Friday, January 5th. They set a “neutral” rating and a $3.00 price objective for the company. Cantor Fitzgerald set a $2.00 target price on Arrowhead Pharmaceuticals and gave the stock a “hold” rating in a report on Tuesday, December 12th. ValuEngine upgraded Arrowhead Pharmaceuticals from a “strong sell” rating to a “sell” rating in a report on Thursday, November 30th. Finally, Piper Jaffray Companies upgraded Arrowhead Pharmaceuticals from a “neutral” rating to an “overweight” rating and set a $5.50 target price for the company in a report on Monday, November 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $3.13.

The company has a market capitalization of $470.67, a price-to-earnings ratio of -13.38 and a beta of 1.79. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.63 and a quick ratio of 3.63.

Arrowhead Pharmaceuticals (NASDAQ:ARWR) last issued its earnings results on Tuesday, December 12th. The biotechnology company reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.02). Arrowhead Pharmaceuticals had a negative return on equity of 38.10% and a negative net margin of 109.46%. research analysts predict that Arrowhead Pharmaceuticals Inc will post -0.69 earnings per share for the current fiscal year.

In other Arrowhead Pharmaceuticals news, COO Bruce D. Given sold 20,000 shares of Arrowhead Pharmaceuticals stock in a transaction that occurred on Monday, January 1st. The stock was sold at an average price of $3.69, for a total value of $73,800.00. Following the completion of the sale, the chief operating officer now directly owns 948,356 shares in the company, valued at $3,499,433.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 4.57% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. ING Groep NV acquired a new stake in Arrowhead Pharmaceuticals in the third quarter valued at approximately $3,500,000. Allianz Asset Management GmbH acquired a new stake in Arrowhead Pharmaceuticals in the third quarter valued at approximately $1,958,000. Schwab Charles Investment Management Inc. grew its stake in Arrowhead Pharmaceuticals by 8.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 186,381 shares of the biotechnology company’s stock valued at $686,000 after acquiring an additional 15,132 shares during the period. Virtu KCG Holdings LLC grew its stake in Arrowhead Pharmaceuticals by 115.6% in the second quarter. Virtu KCG Holdings LLC now owns 99,267 shares of the biotechnology company’s stock valued at $161,000 after acquiring an additional 53,215 shares during the period. Finally, Acadian Asset Management LLC grew its stake in Arrowhead Pharmaceuticals by 1,177.7% in the fourth quarter. Acadian Asset Management LLC now owns 71,664 shares of the biotechnology company’s stock valued at $264,000 after acquiring an additional 66,055 shares during the period. 20.05% of the stock is owned by hedge funds and other institutional investors.

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About Arrowhead Pharmaceuticals

Arrowhead Pharmaceuticals, Inc, formerly Arrowhead Research Corporation, develops medicines that treat intractable diseases by silencing the genes that cause them. Using a portfolio of ribonucleic acid (RNA) chemistries and modes of delivery, the Company’s therapies trigger the RNA interference mechanism to induce knockdown of target genes.

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