Aileron Therapeutics Inc (NASDAQ:ALRN) Director Buys $110,882.10 in Stock

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Aileron Therapeutics Inc (NASDAQ:ALRN) Director Rickenbach Josef H. Von bought 113,145 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were purchased at an average cost of $0.98 per share, for a total transaction of $110,882.10.

ALRN traded up $0.03 during mid-day trading on Tuesday, hitting $1.01. 300 shares of the stock were exchanged, compared to its average volume of 391,945. The firm’s fifty day moving average is $0.68 and its two-hundred day moving average is $1.13. Aileron Therapeutics Inc has a 1-year low of $0.44 and a 1-year high of $3.54. The company has a current ratio of 6.04, a quick ratio of 6.04 and a debt-to-equity ratio of 0.16. The company has a market cap of $27.84 million, a PE ratio of -0.49 and a beta of 2.27.

Aileron Therapeutics (NASDAQ:ALRN) last posted its earnings results on Tuesday, August 6th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.03). As a group, research analysts anticipate that Aileron Therapeutics Inc will post -1.14 earnings per share for the current year.

Several equities analysts recently issued reports on the company. ValuEngine raised Aileron Therapeutics from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Zacks Investment Research lowered Aileron Therapeutics from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Finally, HC Wainwright reissued a “buy” rating and set a $6.00 target price on shares of Aileron Therapeutics in a research note on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Aileron Therapeutics currently has a consensus rating of “Buy” and a consensus price target of $4.00.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jennison Associates LLC lifted its stake in Aileron Therapeutics by 649.6% during the 1st quarter. Jennison Associates LLC now owns 2,040,255 shares of the company’s stock worth $3,828,000 after acquiring an additional 1,768,073 shares in the last quarter. Deutsche Bank AG raised its position in Aileron Therapeutics by 432.9% in the 4th quarter. Deutsche Bank AG now owns 129,170 shares of the company’s stock valued at $108,000 after purchasing an additional 104,932 shares in the last quarter. Vanguard Group Inc. raised its position in Aileron Therapeutics by 261.6% in the 2nd quarter. Vanguard Group Inc. now owns 333,005 shares of the company’s stock valued at $240,000 after purchasing an additional 240,910 shares in the last quarter. Finally, BlackRock Inc. raised its position in Aileron Therapeutics by 179.6% in the 2nd quarter. BlackRock Inc. now owns 49,485 shares of the company’s stock valued at $36,000 after purchasing an additional 31,787 shares in the last quarter. 26.00% of the stock is currently owned by hedge funds and other institutional investors.

Aileron Therapeutics Company Profile

Aileron Therapeutics, Inc, a clinical-stage biopharmaceutical company, focuses on developing and commercializing a novel class of therapeutics in the United States. The company's lead product candidate is ALRN-6924, a stapled peptide, which is in Phase I clinical trial for the treatment of advanced solid tumors or lymphomas; Phase IIa clinical trial to treat peripheral T-cell lymphoma; Phase I clinical trial for the treatment of acute myeloid leukemia (AML) and advanced myelodysplastic syndrome (MDS); and Phase IIb trial to treat AML/MDS in combination with cytosine arabinoside.

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