Brokerages Set Aclaris Therapeutics, Inc. (ACRS) Price Target at $40.00
Aclaris Therapeutics, Inc. (NASDAQ:ACRS) has been assigned an average rating of “Buy” from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $40.00.
A number of equities research analysts have recently issued reports on the company. Guggenheim reaffirmed a “buy” rating and set a $40.00 target price on shares of Aclaris Therapeutics in a research report on Tuesday, July 4th. Jefferies Group LLC reaffirmed a “buy” rating and set a $36.00 target price on shares of Aclaris Therapeutics in a research report on Wednesday, June 28th. Cantor Fitzgerald assumed coverage on Aclaris Therapeutics in a research report on Friday, June 16th. They set an “overweight” rating and a $50.00 target price on the stock. ValuEngine raised Aclaris Therapeutics from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Finally, Zacks Investment Research lowered Aclaris Therapeutics from a “hold” rating to a “sell” rating in a research report on Friday, May 12th.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. First Mercantile Trust Co. increased its position in shares of Aclaris Therapeutics by 11.2% in the first quarter. First Mercantile Trust Co. now owns 5,945 shares of the biotechnology company’s stock worth $177,000 after buying an additional 600 shares during the period. Nationwide Fund Advisors increased its position in shares of Aclaris Therapeutics by 8.3% in the first quarter. Nationwide Fund Advisors now owns 6,627 shares of the biotechnology company’s stock worth $198,000 after buying an additional 510 shares during the period. Columbus Circle Investors increased its position in shares of Aclaris Therapeutics by 12.9% in the first quarter. Columbus Circle Investors now owns 180,320 shares of the biotechnology company’s stock worth $5,377,000 after buying an additional 20,642 shares during the period. Rice Hall James & Associates LLC increased its position in shares of Aclaris Therapeutics by 0.3% in the first quarter. Rice Hall James & Associates LLC now owns 34,827 shares of the biotechnology company’s stock worth $1,039,000 after buying an additional 93 shares during the period. Finally, Capital Impact Advisors LLC purchased a new position in shares of Aclaris Therapeutics during the first quarter worth approximately $1,031,000. Hedge funds and other institutional investors own 88.52% of the company’s stock.
Aclaris Therapeutics (ACRS) traded down 0.39% during midday trading on Monday, reaching $28.23. 143,075 shares of the company were exchanged. Aclaris Therapeutics has a 52-week low of $18.24 and a 52-week high of $33.25. The company’s market capitalization is $754.67 million. The company has a 50 day moving average of $25.28 and a 200-day moving average of $28.08.
Aclaris Therapeutics (NASDAQ:ACRS) last posted its quarterly earnings data on Tuesday, May 9th. The biotechnology company reported ($0.48) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.54) by $0.06. On average, equities research analysts anticipate that Aclaris Therapeutics will post ($3.22) earnings per share for the current fiscal year.
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Aclaris Therapeutics Company Profile
Aclaris Therapeutics, Inc is a United States-based clinical-stage specialty pharmaceutical company. The Company is focused on identifying, developing and commercializing drugs to address the needs in dermatology. Its lead drug candidate, A-101 Topical Solution, is a hydrogen peroxide topical solution that the Company is developing as a prescription treatment for seborrheic keratosis (SK).
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