Acceleron Pharma Inc (XLRN) CFO Kevin F. Mclaughlin Sells 4,000 Shares

Acceleron Pharma Inc (NASDAQ:XLRN) CFO Kevin F. Mclaughlin sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $42.42, for a total transaction of $169,680.00. Following the completion of the transaction, the chief financial officer now directly owns 45,300 shares in the company, valued at approximately $1,921,626. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Acceleron Pharma Inc (XLRN) traded down $1.46 during trading hours on Thursday, hitting $42.94. 332,656 shares of the stock were exchanged, compared to its average volume of 275,733. Acceleron Pharma Inc has a twelve month low of $23.07 and a twelve month high of $44.80. The company has a market cap of $1,929.73, a PE ratio of -16.58 and a beta of 1.59.

Acceleron Pharma (NASDAQ:XLRN) last released its quarterly earnings results on Tuesday, November 7th. The biopharmaceutical company reported ($0.65) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.67) by $0.02. Acceleron Pharma had a negative net margin of 759.34% and a negative return on equity of 40.70%. The business had revenue of $3.00 million for the quarter, compared to analysts’ expectations of $3.52 million. During the same period last year, the business earned ($0.55) EPS. The company’s revenue was up .0% compared to the same quarter last year. sell-side analysts predict that Acceleron Pharma Inc will post -2.65 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP boosted its holdings in shares of Acceleron Pharma by 416.3% in the 3rd quarter. Quantbot Technologies LP now owns 2,917 shares of the biopharmaceutical company’s stock valued at $108,000 after buying an additional 2,352 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Acceleron Pharma by 969.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,627 shares of the biopharmaceutical company’s stock valued at $110,000 after buying an additional 3,288 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of Acceleron Pharma in the 3rd quarter valued at about $225,000. Trexquant Investment LP bought a new stake in shares of Acceleron Pharma in the 3rd quarter valued at about $266,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Acceleron Pharma by 57.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,460 shares of the biopharmaceutical company’s stock valued at $258,000 after buying an additional 3,100 shares in the last quarter. Institutional investors and hedge funds own 85.70% of the company’s stock.

Several research analysts recently commented on the stock. HC Wainwright raised their price target on shares of Acceleron Pharma from $57.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. Oppenheimer reiterated a “hold” rating on shares of Acceleron Pharma in a report on Tuesday, November 14th. BidaskClub upgraded shares of Acceleron Pharma from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Royal Bank of Canada began coverage on shares of Acceleron Pharma in a report on Thursday, September 14th. They set a “sector perform” rating and a $44.00 target price on the stock. Finally, UBS Group reiterated a “buy” rating and set a $50.00 target price (up from $36.00) on shares of Acceleron Pharma in a report on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $44.56.

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Acceleron Pharma Company Profile

Acceleron Pharma Inc is a clinical-stage biopharmaceutical company. The Company is focused on the discovery, development and commercialization of therapeutics to treat serious and rare diseases. Its research focuses on key natural regulators of cellular growth and repair, particularly the Transforming Growth Factor-Beta (TGF-beta), protein superfamily.

Insider Buying and Selling by Quarter for Acceleron Pharma (NASDAQ:XLRN)

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