Other research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Dicerna Pharmaceuticals from a strong sell rating to a buy rating and set a $6.25 price objective for the company in a report on Monday, October 23rd. HC Wainwright restated a buy rating and issued a $10.00 price objective (up previously from $6.00) on shares of Dicerna Pharmaceuticals in a report on Friday, November 3rd. BidaskClub cut shares of Dicerna Pharmaceuticals from a buy rating to a hold rating in a report on Tuesday, January 9th. ValuEngine upgraded shares of Dicerna Pharmaceuticals from a sell rating to a hold rating in a report on Sunday, December 31st. Finally, Evercore ISI initiated coverage on shares of Dicerna Pharmaceuticals in a report on Tuesday. They issued an outperform rating and a $14.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Dicerna Pharmaceuticals presently has a consensus rating of Buy and a consensus target price of $8.25.
Shares of Dicerna Pharmaceuticals (NASDAQ DRNA) traded down $0.14 during mid-day trading on Tuesday, hitting $8.83. 162,162 shares of the company were exchanged, compared to its average volume of 335,321. The firm has a market capitalization of $448.88, a PE ratio of -2.57 and a beta of 2.84. Dicerna Pharmaceuticals has a 52-week low of $2.42 and a 52-week high of $10.24.
In other news, Director Bain Capital Life Sciences Inv purchased 285,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was bought at an average price of $7.00 per share, for a total transaction of $1,995,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 29.41% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of DRNA. EcoR1 Capital LLC lifted its stake in Dicerna Pharmaceuticals by 101.0% in the second quarter. EcoR1 Capital LLC now owns 767,992 shares of the biopharmaceutical company’s stock worth $2,435,000 after acquiring an additional 385,992 shares during the last quarter. Deschutes Portfolio Strategy LLC purchased a new position in Dicerna Pharmaceuticals in the third quarter worth approximately $575,000. Birchview Capital LP lifted its stake in Dicerna Pharmaceuticals by 125.0% in the third quarter. Birchview Capital LP now owns 45,000 shares of the biopharmaceutical company’s stock worth $259,000 after acquiring an additional 25,000 shares during the last quarter. Palo Alto Investors LLC lifted its stake in Dicerna Pharmaceuticals by 4.0% in the second quarter. Palo Alto Investors LLC now owns 500,913 shares of the biopharmaceutical company’s stock worth $1,588,000 after acquiring an additional 19,394 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Dicerna Pharmaceuticals by 4.5% in the second quarter. Vanguard Group Inc. now owns 340,327 shares of the biopharmaceutical company’s stock worth $1,078,000 after acquiring an additional 14,517 shares during the last quarter. Institutional investors own 21.93% of the company’s stock.
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About Dicerna Pharmaceuticals
Dicerna Pharmaceuticals, Inc is a ribonucleic acid (RNA) interference-based biopharmaceutical company. The Company operates in the segment of discovery, research and development of treatments based on its RNA interference (RNAi) technology platform. The Company is focused on the discovery and development of treatments for rare inherited diseases involving the liver and for cancers that are genetically defined.
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