Regulus Therapeutics Inc. (NASDAQ:RGLS)‘s stock had its “hold” rating reaffirmed by equities researchers at Needham & Company LLC in a research report issued to clients and investors on Tuesday.

The analysts wrote, “Regulus reported 3Q17 financial results last wk and we met w/ mgmt for an update today. Both planned clinical trials of RG-012 in Alport Syndrome pts are now underway and an IND has been submitted for RGLS4326 in Autosomal Dominant Polycystic Kidney Disease. Mgmt has identified male X-linked Alport Syndrome as target pt population for clinical development going forward, due to rapid and homogeneous disease progression. We expect top-line results from 10- patient RG-012 biopsy trial early next yr and from 40-patient RG-012 HERA Phase 2 efficacy trial in early 2019. Maintain HOLD, awaiting more data from lead RG-012 program, but also note encouraging progression of platform/ pipeline behind it.””

A number of other brokerages have also weighed in on RGLS. Zacks Investment Research upgraded Regulus Therapeutics from a “hold” rating to a “buy” rating and set a $1.50 target price on the stock in a research note on Tuesday, October 10th. Chardan Capital lowered Regulus Therapeutics from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 2nd. Finally, Wedbush restated an “ourperform” rating and issued a $4.00 target price on shares of Regulus Therapeutics in a research note on Monday, August 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $2.60.

Regulus Therapeutics (NASDAQ:RGLS) opened at $0.90 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 6.77 and a quick ratio of 6.77. Regulus Therapeutics has a one year low of $0.79 and a one year high of $3.10.

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Several institutional investors and hedge funds have recently bought and sold shares of the company. NEA Management Company LLC purchased a new position in shares of Regulus Therapeutics in the 3rd quarter worth about $13,737,000. FMR LLC boosted its holdings in shares of Regulus Therapeutics by 0.5% in the 2nd quarter. FMR LLC now owns 7,977,349 shares of the biopharmaceutical company’s stock worth $7,862,000 after purchasing an additional 37,489 shares in the last quarter. EcoR1 Capital LLC boosted its holdings in shares of Regulus Therapeutics by 145.6% in the 2nd quarter. EcoR1 Capital LLC now owns 3,709,144 shares of the biopharmaceutical company’s stock worth $3,656,000 after purchasing an additional 2,199,144 shares in the last quarter. South Dakota Investment Council boosted its holdings in shares of Regulus Therapeutics by 37.1% in the 3rd quarter. South Dakota Investment Council now owns 1,820,027 shares of the biopharmaceutical company’s stock worth $2,275,000 after purchasing an additional 492,969 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. purchased a new position in shares of Regulus Therapeutics in the 3rd quarter worth about $750,000. Hedge funds and other institutional investors own 33.45% of the company’s stock.

Regulus Therapeutics Company Profile

Regulus Therapeutics Inc is a biopharmaceutical company focused on discovering and developing drugs that target microRNAs to treat a range of diseases. The Company uses its microRNA product platform to develop chemically modified, single-stranded oligonucleotides that the Company calls anti-miRs to modulate microRNAs and return diseased cells to their healthy state.

Analyst Recommendations for Regulus Therapeutics (NASDAQ:RGLS)

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