Aclaris Therapeutics (ACRS) Insider Neal Walker Purchases 10,000 Shares

Aclaris Therapeutics (NASDAQ:ACRS) insider Neal Walker purchased 10,000 shares of the company’s stock in a transaction on Thursday, April 5th. The shares were purchased at an average cost of $16.75 per share, with a total value of $167,500.00. Following the purchase, the insider now owns 897,184 shares of the company’s stock, valued at $15,027,832. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of NASDAQ ACRS traded down $0.04 during midday trading on Monday, reaching $16.42. The company had a trading volume of 27,690 shares, compared to its average volume of 317,454. Aclaris Therapeutics has a one year low of $16.01 and a one year high of $33.10. The firm has a market cap of $508.64, a PE ratio of -6.58 and a beta of 1.63.

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Aclaris Therapeutics (NASDAQ:ACRS) last released its earnings results on Monday, March 12th. The biotechnology company reported ($0.80) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.90) by $0.10. The company had revenue of $1.00 million during the quarter, compared to the consensus estimate of $0.80 million. sell-side analysts anticipate that Aclaris Therapeutics will post -4.27 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ACRS. Franklin Resources Inc. grew its holdings in shares of Aclaris Therapeutics by 27.9% during the 4th quarter. Franklin Resources Inc. now owns 2,596,814 shares of the biotechnology company’s stock worth $64,037,000 after acquiring an additional 565,945 shares during the period. BlackRock Inc. boosted its stake in Aclaris Therapeutics by 28.4% during the 4th quarter. BlackRock Inc. now owns 2,195,028 shares of the biotechnology company’s stock valued at $54,129,000 after purchasing an additional 485,146 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in Aclaris Therapeutics by 3.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 892,298 shares of the biotechnology company’s stock valued at $23,030,000 after purchasing an additional 29,896 shares during the last quarter. Driehaus Capital Management LLC boosted its stake in Aclaris Therapeutics by 73.8% during the 4th quarter. Driehaus Capital Management LLC now owns 523,428 shares of the biotechnology company’s stock valued at $12,908,000 after purchasing an additional 222,254 shares during the last quarter. Finally, Alyeska Investment Group L.P. boosted its stake in Aclaris Therapeutics by 85.2% during the 3rd quarter. Alyeska Investment Group L.P. now owns 467,884 shares of the biotechnology company’s stock valued at $12,076,000 after purchasing an additional 215,201 shares during the last quarter. 92.19% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on the company. Cantor Fitzgerald set a $50.00 price target on Aclaris Therapeutics and gave the stock a “buy” rating in a research note on Monday, January 8th. Zacks Investment Research lowered Aclaris Therapeutics from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. BidaskClub raised Aclaris Therapeutics from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. Guggenheim assumed coverage on Aclaris Therapeutics in a research note on Thursday, February 8th. They set a “buy” rating and a $53.00 price target for the company. Finally, Leerink Swann dropped their price target on Aclaris Therapeutics from $56.00 to $54.00 and set an “outperform” rating for the company in a research note on Tuesday, March 13th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. Aclaris Therapeutics currently has a consensus rating of “Hold” and a consensus price target of $43.50.

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Aclaris Therapeutics Company Profile

Aclaris Therapeutics, Inc, a biopharmaceutical company, focuses on identifying, developing, and commercializing various therapies to address the unmet needs in medical and aesthetic dermatology and immunology in the United States. The company operates in two segments, Dermatology Therapeutics and Contract Research.

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