Ionis Pharmaceuticals, Inc. (IONS) Chairman Stanley T. Crooke Sells 16,500 Shares
Ionis Pharmaceuticals, Inc. (NASDAQ:IONS) Chairman Stanley T. Crooke sold 16,500 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $52.10, for a total value of $859,650.00. Following the sale, the chairman now owns 51,476 shares of the company’s stock, valued at approximately $2,681,899.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Ionis Pharmaceuticals, Inc. (NASDAQ IONS) traded down 0.23% on Friday, hitting $51.60. 567,149 shares of the stock traded hands. The company’s 50 day moving average price is $48.73 and its 200-day moving average price is $46.13. The stock’s market cap is $6.40 billion. Ionis Pharmaceuticals, Inc. has a 52-week low of $24.34 and a 52-week high of $57.00.
Ionis Pharmaceuticals (NASDAQ:IONS) last announced its quarterly earnings results on Tuesday, May 9th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.13. Ionis Pharmaceuticals had a negative net margin of 4.80% and a negative return on equity of 14.61%. The firm had revenue of $110.30 million for the quarter, compared to the consensus estimate of $86.03 million. During the same period in the prior year, the firm posted ($0.52) earnings per share. The firm’s quarterly revenue was up 199.2% compared to the same quarter last year. On average, analysts forecast that Ionis Pharmaceuticals, Inc. will post ($0.37) earnings per share for the current fiscal year.
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Several research analysts have recently weighed in on IONS shares. Leerink Swann reissued an “outperform” rating and set a $45.00 price target (down from $47.00) on shares of Ionis Pharmaceuticals in a research report on Wednesday, May 17th. TheStreet upgraded Ionis Pharmaceuticals from a “d+” rating to a “c-” rating in a research note on Wednesday, July 5th. BMO Capital Markets reiterated a “buy” rating and set a $59.00 target price on shares of Ionis Pharmaceuticals in a research note on Friday, June 2nd. Vetr raised Ionis Pharmaceuticals from a “sell” rating to a “hold” rating and set a $37.67 price target on the stock in a research report on Tuesday, March 21st. Finally, Piper Jaffray Companies set a $51.00 target price on Ionis Pharmaceuticals and gave the company a “buy” rating in a report on Wednesday, May 10th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $44.55.
Institutional investors have recently bought and sold shares of the stock. Hanseatic Management Services Inc. acquired a new stake in shares of Ionis Pharmaceuticals during the first quarter worth approximately $138,000. Westpac Banking Corp purchased a new stake in Ionis Pharmaceuticals during the first quarter valued at about $171,000. Capstone Asset Management Co. boosted its stake in Ionis Pharmaceuticals by 10.3% in the first quarter. Capstone Asset Management Co. now owns 5,148 shares of the company’s stock valued at $207,000 after buying an additional 480 shares during the last quarter. World Asset Management Inc raised its position in shares of Ionis Pharmaceuticals by 27.3% in the first quarter. World Asset Management Inc now owns 5,427 shares of the company’s stock valued at $218,000 after buying an additional 1,163 shares during the period. Finally, Raymond James Trust N.A. raised its position in shares of Ionis Pharmaceuticals by 2.9% in the first quarter. Raymond James Trust N.A. now owns 5,705 shares of the company’s stock valued at $229,000 after buying an additional 159 shares during the period. 88.73% of the stock is currently owned by institutional investors and hedge funds.
About Ionis Pharmaceuticals
Ionis Pharmaceuticals, Inc is engaged in discovering and developing ribonucleic acid (RNA)-targeted therapeutics. The Company, using its drug discovery platform, has developed a pipeline of drugs for patients with unmet medical needs. The Company’s segments include Ionis Core and Akcea Therapeutics. In the Ionis Core segment, the Company is engaged in exploiting a drug discovery platform to generate a pipeline of drugs for the Company and its partners.
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