Arrowhead Research Corp. (ARWR) Cut to Neutral at Piper Jaffray Cos.
Arrowhead Research Corp. (NASDAQ:ARWR) was downgraded by Piper Jaffray Cos. to a “neutral” rating in a research report issued on Wednesday.
Several other equities research analysts have also recently issued reports on the stock. Cantor Fitzgerald cut shares of Arrowhead Research Corp. to a “hold” rating in a research report on Wednesday. Chardan Capital cut shares of Arrowhead Research Corp. from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $8.00 to $2.00 in a research report on Wednesday. Jefferies Group decreased their target price on shares of Arrowhead Research Corp. from $6.50 to $5.00 and set a “hold” rating on the stock in a research report on Thursday, November 10th. Finally, William Blair began coverage on shares of Arrowhead Research Corp. in a research report on Friday, August 19th. They issued an “outperform” rating on the stock. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $8.81.
Arrowhead Research Corp. (NASDAQ:ARWR) opened at 4.39 on Wednesday. Arrowhead Research Corp. has a one year low of $3.07 and a one year high of $8.22. The firm’s market cap is $266.69 million. The stock has a 50 day moving average of $5.64 and a 200 day moving average of $6.10.
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In other Arrowhead Research Corp. news, Director Douglas B. Given sold 12,000 shares of Arrowhead Research Corp. stock in a transaction that occurred on Friday, October 14th. The shares were sold at an average price of $6.72, for a total transaction of $80,640.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.90% of the company’s stock.
Several hedge funds have recently bought and sold shares of ARWR. RTW Investments LLC purchased a new stake in Arrowhead Research Corp. during the third quarter worth about $8,208,000. Credit Suisse AG raised its stake in Arrowhead Research Corp. by 8.9% in the third quarter. Credit Suisse AG now owns 161,640 shares of the company’s stock worth $1,190,000 after buying an additional 13,159 shares in the last quarter. Baker BROS. Advisors LP purchased a new stake in Arrowhead Research Corp. during the third quarter worth about $13,649,000. Highbridge Capital Management LLC purchased a new stake in Arrowhead Research Corp. during the third quarter worth about $275,000. Finally, Moors & Cabot Inc. raised its stake in Arrowhead Research Corp. by 11.0% in the third quarter. Moors & Cabot Inc. now owns 40,270 shares of the company’s stock worth $292,000 after buying an additional 4,000 shares in the last quarter. Institutional investors own 43.28% of the company’s stock.
Arrowhead Research Corp. Company Profile
Arrowhead Pharmaceuticals, Inc, formerly Arrowhead Research Corporation, is a biopharmaceutical company. The Company is engaged in developing RiboNucleic Acid interference (RNAi) therapeutics. Its products include ARC-520, ARC-521, ARC-AAT, ARC-F12, ARC-HIF2 and ARC-LPA. ARC-520 is designed to treat chronic hepatitis B virus (HBV) infection.
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