Piper Jaffray Companies assumed coverage on shares of aTyr Pharma, Inc. (NASDAQ:LIFE) in a research note published on Thursday, Marketbeat Ratings reports. The firm issued an overweight rating and a $7.00 price target on the biotechnology company’s stock.

LIFE has been the subject of several other research reports. Zacks Investment Research cut aTyr Pharma from a buy rating to a hold rating in a research report on Saturday, August 19th. BMO Capital Markets set a $4.00 price objective on aTyr Pharma and gave the stock a hold rating in a research report on Tuesday, August 15th. Finally, ValuEngine cut aTyr Pharma from a sell rating to a strong sell rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of Hold and an average target price of $4.27.

aTyr Pharma (NASDAQ LIFE) traded up 3.28% during midday trading on Thursday, reaching $3.15. The company’s stock had a trading volume of 94,347 shares. The firm’s market capitalization is $75.09 million. aTyr Pharma has a 52 week low of $2.10 and a 52 week high of $4.45. The stock has a 50 day moving average of $3.04 and a 200 day moving average of $3.31.

aTyr Pharma (NASDAQ:LIFE) last released its quarterly earnings results on Monday, August 14th. The biotechnology company reported ($0.51) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.57) by $0.06. On average, equities research analysts predict that aTyr Pharma will post ($2.18) earnings per share for the current fiscal year.

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In other aTyr Pharma news, CEO John Mendlein acquired 37,736 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was acquired at an average price of $2.65 per share, with a total value of $100,000.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Paul Schimmel acquired 94,336 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The shares were acquired at an average cost of $2.65 per share, with a total value of $249,990.40. Following the transaction, the director now directly owns 40,440 shares in the company, valued at approximately $107,166. The disclosure for this purchase can be found here. 33.30% of the stock is currently owned by insiders.

A hedge fund recently raised its stake in aTyr Pharma stock. EcoR1 Capital LLC raised its position in aTyr Pharma, Inc. (NASDAQ:LIFE) by 134.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,292,659 shares of the biotechnology company’s stock after acquiring an additional 1,315,673 shares during the period. aTyr Pharma comprises approximately 2.0% of EcoR1 Capital LLC’s holdings, making the stock its 13th largest holding. EcoR1 Capital LLC owned 9.65% of aTyr Pharma worth $8,024,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 46.66% of the company’s stock.

About aTyr Pharma

aTyr Pharma, Inc is a clinical-stage biotherapeutics company. The Company is engaged in the discovery and clinical development of medicines for patients suffering from severe, rare diseases using its Physiocrine biology, a discovered set of physiological modulators. The Company focuses on the development of Physiocrine-based therapeutics for the treatment of rare diseases, including facioscapulohumeral muscular dystrophy (FSHD) and limb-girdle muscular dystrophy (LGMD) 2B.

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