Dermira Sees Unusually Large Options Volume (DERM)

Dermira Inc (NASDAQ:DERM) saw some unusual options trading on Thursday. Stock traders purchased 4,688 call options on the company. This represents an increase of approximately 5,760% compared to the average daily volume of 80 call options.

A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Dermira from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a report on Wednesday. BidaskClub upgraded Dermira from a “sell” rating to a “hold” rating in a report on Wednesday. HC Wainwright assumed coverage on Dermira in a report on Thursday, February 14th. They issued a “buy” rating and a $13.00 target price for the company. Finally, Raymond James upgraded Dermira from an “underperform” rating to a “market perform” rating and set a $6.71 target price for the company in a report on Thursday, January 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. Dermira has a consensus rating of “Buy” and an average target price of $14.90.

Shares of DERM opened at $7.07 on Friday. The stock has a market cap of $314.22 million, a price-to-earnings ratio of -1.61 and a beta of 1.24. The company has a debt-to-equity ratio of 5.21, a current ratio of 5.29 and a quick ratio of 5.25. Dermira has a 12 month low of $6.00 and a 12 month high of $27.83.

A number of institutional investors and hedge funds have recently made changes to their positions in DERM. Metropolitan Life Insurance Co. NY lifted its stake in Dermira by 356.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 12,912 shares of the biopharmaceutical company’s stock worth $93,000 after purchasing an additional 10,085 shares during the period. Jane Street Group LLC bought a new position in Dermira during the fourth quarter worth about $95,000. Virtu Financial LLC bought a new position in Dermira during the fourth quarter worth about $123,000. Marshall Wace North America L.P. bought a new position in Dermira during the third quarter worth about $128,000. Finally, D. E. Shaw & Co. Inc. bought a new position in shares of Dermira in the fourth quarter valued at approximately $144,000. Hedge funds and other institutional investors own 85.74% of the company’s stock.

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Dermira Company Profile

Dermira, Inc, a biopharmaceutical company, identifies, develops, and commercializes therapies to treat dermatologic diseases. The company's product candidates include Glycopyrronium tosylate, a novel form of an anticholinergic agent that has completed Phase III clinical trial for the treatment of primary axillary hyperhidrosis; Olumacostat glasaretil, a novel small molecule designed to target sebum production, which is in Phase III clinical trial for the treatment of acne vulgaris; and lebrikizumab, a novel humanized monoclonal antibody targeting interleukin 13 that is in Phase 2b development for the treatment of moderate-to-severe atopic dermatitis.

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