Jefferies Group LLC Analysts Give RA PHARMCTL INC (RARX) a $25.00 Price Target
Separately, Zacks Investment Research upgraded shares of RA PHARMCTL INC from a hold rating to a buy rating and set a $28.00 price target on the stock in a research report on Saturday, May 27th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. RA PHARMCTL INC has an average rating of Buy and a consensus target price of $27.00.
RA PHARMCTL INC (RARX) opened at 15.25 on Friday. The company’s market capitalization is $344.79 million. The stock’s 50 day moving average is $15.08 and its 200 day moving average is $20.21. RA PHARMCTL INC has a one year low of $12.05 and a one year high of $27.84.
RA PHARMCTL INC (NASDAQ:RARX) last announced its quarterly earnings results on Wednesday, August 9th. The company reported ($0.56) earnings per share for the quarter, missing the consensus estimate of ($0.50) by $0.06. On average, analysts anticipate that RA PHARMCTL INC will post ($2.33) earnings per share for the current fiscal year.
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In other RA PHARMCTL INC news, major shareholder Bioventures Ltd Novartis sold 19,647 shares of RA PHARMCTL INC stock in a transaction on Monday, June 5th. The shares were sold at an average price of $23.38, for a total transaction of $459,346.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 134,442 shares of company stock valued at $3,041,694 over the last ninety days. 14.50% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. American International Group Inc. purchased a new position in RA PHARMCTL INC during the first quarter valued at approximately $102,000. TIAA CREF Investment Management LLC raised its position in RA PHARMCTL INC by 97.0% in the first quarter. TIAA CREF Investment Management LLC now owns 7,837 shares of the company’s stock valued at $167,000 after buying an additional 3,859 shares during the last quarter. Alliancebernstein L.P. purchased a new position in RA PHARMCTL INC during the second quarter valued at approximately $195,000. Wells Fargo & Company MN raised its position in RA PHARMCTL INC by 151.8% in the first quarter. Wells Fargo & Company MN now owns 9,455 shares of the company’s stock valued at $202,000 after buying an additional 5,700 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in RA PHARMCTL INC by 30.6% in the second quarter. The Manufacturers Life Insurance Company now owns 10,860 shares of the company’s stock valued at $204,000 after buying an additional 2,543 shares during the last quarter. 66.26% of the stock is owned by institutional investors.
RA PHARMCTL INC Company Profile
Ra Pharmaceuticals, Inc is a United States-based clinical-stage biopharmaceutical company. The Company focuses on the development of therapeutics for diseases of complement dysregulation and a range of orphan indications. It utilizes small molecules and peptide approaches to address pathological targets in the complement cascade.
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