Arrowhead Pharmaceuticals, Inc. (NASDAQ:ARWR) was up 5.4% during trading on Friday . The company traded as high as $3.42 and last traded at $3.13. Approximately 974,820 shares changed hands during trading, a decline of 2% from the average daily volume of 999,697 shares. The stock had previously closed at $3.31.

A number of equities research analysts recently commented on ARWR shares. ValuEngine lowered Arrowhead Pharmaceuticals from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. Piper Jaffray Companies restated a “hold” rating and set a $2.00 price target on shares of Arrowhead Pharmaceuticals in a research report on Friday, July 28th. Finally, Jefferies Group LLC restated a “hold” rating and set a $2.00 price target on shares of Arrowhead Pharmaceuticals in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The company has an average rating of “Hold” and an average target price of $1.80.

The company has a 50 day moving average price of $2.18 and a 200-day moving average price of $1.85. The firm’s market cap is $232.54 million.

Arrowhead Pharmaceuticals (NASDAQ:ARWR) last announced its quarterly earnings data on Thursday, August 3rd. The biotechnology company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.06. Arrowhead Pharmaceuticals had a negative net margin of 201.84% and a negative return on equity of 46.73%. The business had revenue of $9.34 million during the quarter, compared to the consensus estimate of $5.29 million. Equities research analysts anticipate that Arrowhead Pharmaceuticals, Inc. will post ($0.42) earnings per share for the current year.

Several large investors have recently made changes to their positions in ARWR. LMR Partners LLP acquired a new position in shares of Arrowhead Pharmaceuticals during the second quarter worth $467,000. Wells Fargo & Company MN increased its holdings in shares of Arrowhead Pharmaceuticals by 144.8% during the first quarter. Wells Fargo & Company MN now owns 150,346 shares of the biotechnology company’s stock worth $278,000 after buying an additional 88,933 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Arrowhead Pharmaceuticals by 287.9% during the first quarter. SG Americas Securities LLC now owns 100,747 shares of the biotechnology company’s stock worth $186,000 after buying an additional 74,776 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of Arrowhead Pharmaceuticals by 414.7% during the first quarter. UBS Asset Management Americas Inc. now owns 66,400 shares of the biotechnology company’s stock worth $123,000 after buying an additional 53,500 shares in the last quarter. Finally, Virtu KCG Holdings LLC increased its holdings in shares of Arrowhead Pharmaceuticals by 115.6% during the second quarter. Virtu KCG Holdings LLC now owns 99,267 shares of the biotechnology company’s stock worth $161,000 after buying an additional 53,215 shares in the last quarter. Institutional investors own 20.63% of the company’s stock.

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About Arrowhead Pharmaceuticals

Arrowhead Pharmaceuticals, Inc, formerly Arrowhead Research Corporation, develops medicines that treat intractable diseases by silencing the genes that cause them. Using a portfolio of ribonucleic acid (RNA) chemistries and modes of delivery, the Company’s therapies trigger the RNA interference mechanism to induce knockdown of target genes.

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