Ionis Pharmaceuticals, Inc. (IONS) CEO Stanley T. Crooke Sells 15,000 Shares of Stock
Ionis Pharmaceuticals, Inc. (NASDAQ:IONS) CEO Stanley T. Crooke sold 15,000 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $52.00, for a total value of $780,000.00. Following the transaction, the chief executive officer now directly owns 43,014 shares in the company, valued at approximately $2,236,728. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Ionis Pharmaceuticals, Inc. (IONS) traded up 3.46% during trading on Thursday, hitting $56.19. The company had a trading volume of 570,489 shares. The company has a market capitalization of $6.99 billion, a price-to-earnings ratio of 270.14 and a beta of 3.12. The stock has a 50-day moving average of $52.79 and a 200 day moving average of $48.81. Ionis Pharmaceuticals, Inc. has a one year low of $24.58 and a one year high of $60.01.
Ionis Pharmaceuticals (NASDAQ:IONS) last posted its earnings results on Tuesday, August 8th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The firm had revenue of $104.15 million during the quarter, compared to analyst estimates of $93.29 million. Ionis Pharmaceuticals had a net margin of 5.25% and a return on equity of 15.52%. Ionis Pharmaceuticals’s revenue for the quarter was up 170.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.47) EPS. Equities analysts forecast that Ionis Pharmaceuticals, Inc. will post ($0.17) EPS for the current fiscal year.
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Several brokerages recently weighed in on IONS. Zacks Investment Research upgraded Ionis Pharmaceuticals from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Monday, July 31st. Needham & Company LLC restated a “buy” rating and set a $64.00 target price on shares of Ionis Pharmaceuticals in a research note on Wednesday, July 26th. Laidlaw restated a “buy” rating and set a $65.00 target price on shares of Ionis Pharmaceuticals in a research note on Monday, August 14th. TheStreet upgraded Ionis Pharmaceuticals from a “d+” rating to a “c-” rating in a research note on Wednesday, July 5th. Finally, Barclays PLC began coverage on Ionis Pharmaceuticals in a research note on Wednesday, September 6th. They set an “equal weight” rating and a $55.00 target price for the company. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $49.11.
Hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC boosted its stake in shares of Ionis Pharmaceuticals by 62.8% in the second quarter. Parallel Advisors LLC now owns 2,073 shares of the company’s stock valued at $109,000 after buying an additional 800 shares during the period. Hanseatic Management Services Inc. boosted its stake in shares of Ionis Pharmaceuticals by 1.2% in the second quarter. Hanseatic Management Services Inc. now owns 3,481 shares of the company’s stock valued at $177,000 after buying an additional 41 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Ionis Pharmaceuticals by 9.1% in the second quarter. The Manufacturers Life Insurance Company now owns 3,744 shares of the company’s stock valued at $190,000 after buying an additional 311 shares during the period. WFG Advisors LP boosted its stake in shares of Ionis Pharmaceuticals by 77.2% in the second quarter. WFG Advisors LP now owns 3,800 shares of the company’s stock valued at $193,000 after buying an additional 1,655 shares during the period. Finally, Westpac Banking Corp bought a new stake in shares of Ionis Pharmaceuticals in the first quarter valued at approximately $171,000. Institutional investors and hedge funds own 89.24% of the company’s stock.
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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