Dermira, Inc. (DERM) Given Consensus Rating of “Hold” by Brokerages

Shares of Dermira, Inc. (NASDAQ:DERM) have been assigned an average recommendation of “Hold” from the nine research firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $42.00.

Several research firms recently weighed in on DERM. Mizuho began coverage on Dermira in a report on Thursday, March 30th. They set a “buy” rating and a $42.00 price objective on the stock. BidaskClub raised Dermira from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Raymond James Financial, Inc. began coverage on Dermira in a report on Thursday, March 16th. They set an “underperform” rating on the stock. Citigroup Inc. began coverage on Dermira in a report on Wednesday, March 15th. They set an “underperform” rating on the stock. They noted that the move was a valuation call. Finally, Guggenheim reissued a “positive” rating and set a $40.00 price objective on shares of Dermira in a report on Thursday, March 2nd.

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Shares of Dermira (NASDAQ:DERM) traded up 0.74% during trading on Tuesday, hitting $29.91. The stock had a trading volume of 71,134 shares. Dermira has a one year low of $25.63 and a one year high of $38.75. The stock’s market capitalization is $1.24 billion. The stock has a 50 day moving average price of $28.71 and a 200-day moving average price of $31.30.

In other Dermira news, CEO Thomas G. Wiggans sold 5,000 shares of Dermira stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $27.52, for a total transaction of $137,600.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Christopher M. Griffith sold 1,312 shares of Dermira stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $27.07, for a total value of $35,515.84. The disclosure for this sale can be found here. Insiders have sold a total of 18,615 shares of company stock worth $586,139 over the last ninety days. Company insiders own 17.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in DERM. KCG Holdings Inc. bought a new position in shares of Dermira during the first quarter valued at approximately $215,000. Legal & General Group Plc increased its position in shares of Dermira by 16.3% in the first quarter. Legal & General Group Plc now owns 6,861 shares of the biopharmaceutical company’s stock valued at $236,000 after buying an additional 963 shares during the last quarter. Tocqueville Asset Management L.P. bought a new position in shares of Dermira during the first quarter valued at approximately $256,000. RidgeWorth Capital Management LLC bought a new position in shares of Dermira during the first quarter valued at approximately $297,000. Finally, Airain ltd bought a new position in shares of Dermira during the first quarter valued at approximately $317,000. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

Dermira Company Profile

Dermira, Inc is a biopharmaceutical company. The Company is focused on the development of therapeutic solutions in medical dermatology to treat skin conditions, such as hyperhidrosis, psoriasis and acne. Its portfolio includes three late-stage product candidates: Cimzia (certolizumab pegol), glycopyrronium tosylate and olumacostat glasaretil.

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