HC Wainwright downgraded shares of Dicerna Pharmaceuticals (NASDAQ:DRNA) from a buy rating to a neutral rating in a research report released on Friday, MarketBeat Ratings reports. HC Wainwright currently has $12.00 price target on the biopharmaceutical company’s stock.
A number of other analysts also recently issued reports on the stock. BidaskClub downgraded shares of Dicerna Pharmaceuticals from a strong-buy rating to a buy rating in a report on Wednesday, March 21st. Chardan Capital assumed coverage on shares of Dicerna Pharmaceuticals in a report on Friday, March 9th. They issued a neutral rating on the stock. Stifel Nicolaus lifted their price objective on shares of Dicerna Pharmaceuticals from $10.00 to $17.00 and gave the company a buy rating in a report on Friday, March 9th. Zacks Investment Research downgraded shares of Dicerna Pharmaceuticals from a hold rating to a sell rating in a report on Friday, February 9th. Finally, SunTrust Banks assumed coverage on shares of Dicerna Pharmaceuticals in a report on Monday, February 5th. They issued a buy rating and a $13.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $11.54.
Shares of Dicerna Pharmaceuticals (NASDAQ DRNA) opened at $10.99 on Friday. Dicerna Pharmaceuticals has a fifty-two week low of $2.52 and a fifty-two week high of $15.00.
Large investors have recently added to or reduced their stakes in the stock. Endurant Capital Management LP bought a new position in shares of Dicerna Pharmaceuticals in the fourth quarter valued at $170,000. Emerald Advisers Inc. PA bought a new position in shares of Dicerna Pharmaceuticals in the fourth quarter valued at $266,000. Northern Trust Corp grew its stake in shares of Dicerna Pharmaceuticals by 6.1% in the second quarter. Northern Trust Corp now owns 36,219 shares of the biopharmaceutical company’s stock valued at $114,000 after buying an additional 2,094 shares in the last quarter. EAM Investors LLC bought a new position in shares of Dicerna Pharmaceuticals in the fourth quarter valued at $581,000. Finally, Millennium Management LLC grew its stake in shares of Dicerna Pharmaceuticals by 142.8% in the fourth quarter. Millennium Management LLC now owns 66,907 shares of the biopharmaceutical company’s stock valued at $604,000 after buying an additional 39,348 shares in the last quarter. 75.28% of the stock is owned by institutional investors and hedge funds.
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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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