Alder BioPharmaceuticals (ALDR) Rating Increased to Sell at ValuEngine

ValuEngine upgraded shares of Alder BioPharmaceuticals (NASDAQ:ALDR) from a strong sell rating to a sell rating in a research report sent to investors on Thursday, January 4th.

Other research analysts have also issued research reports about the company. BMO Capital Markets reissued a buy rating and set a $22.00 price target on shares of Alder BioPharmaceuticals in a research note on Wednesday, January 3rd. BidaskClub raised Alder BioPharmaceuticals from a sell rating to a hold rating in a research note on Thursday, January 4th. Royal Bank of Canada began coverage on Alder BioPharmaceuticals in a research note on Thursday, September 14th. They set an outperform rating and a $17.00 price target on the stock. Canaccord Genuity began coverage on Alder BioPharmaceuticals in a report on Thursday, October 26th. They set a buy rating and a $20.00 price objective for the company. Finally, Mizuho restated a buy rating and set a $32.00 price objective on shares of Alder BioPharmaceuticals in a report on Wednesday, November 8th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the stock. Alder BioPharmaceuticals presently has an average rating of Buy and a consensus target price of $27.93.

Alder BioPharmaceuticals (NASDAQ ALDR) traded down $0.05 during mid-day trading on Thursday, reaching $17.85. The company had a trading volume of 1,437,000 shares, compared to its average volume of 2,473,333. Alder BioPharmaceuticals has a 12-month low of $8.60 and a 12-month high of $25.45. The stock has a market cap of $1,211.00, a price-to-earnings ratio of -3.33 and a beta of 2.48.

Alder BioPharmaceuticals (NASDAQ:ALDR) last issued its quarterly earnings results on Tuesday, November 7th. The biopharmaceutical company reported ($0.92) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.21) by $0.29. During the same period in the previous year, the business posted ($0.70) EPS. equities research analysts anticipate that Alder BioPharmaceuticals will post -5.14 EPS for the current fiscal year.

In related news, insider Mark James Litton sold 16,519 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $10.80, for a total value of $178,405.20. Following the completion of the sale, the insider now directly owns 116,451 shares in the company, valued at approximately $1,257,670.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 10.60% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in ALDR. Quantitative Systematic Strategies LLC acquired a new stake in Alder BioPharmaceuticals in the 3rd quarter valued at $132,000. Legal & General Group Plc grew its stake in shares of Alder BioPharmaceuticals by 2.6% during the second quarter. Legal & General Group Plc now owns 15,496 shares of the biopharmaceutical company’s stock valued at $177,000 after acquiring an additional 400 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Alder BioPharmaceuticals by 109.4% during the second quarter. SG Americas Securities LLC now owns 15,580 shares of the biopharmaceutical company’s stock valued at $178,000 after acquiring an additional 8,140 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Alder BioPharmaceuticals during the third quarter valued at about $184,000. Finally, Voya Investment Management LLC grew its stake in shares of Alder BioPharmaceuticals by 8.4% during the second quarter. Voya Investment Management LLC now owns 22,304 shares of the biopharmaceutical company’s stock valued at $255,000 after acquiring an additional 1,734 shares in the last quarter. Hedge funds and other institutional investors own 96.80% of the company’s stock.

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About Alder BioPharmaceuticals

Alder BioPharmaceuticals, Inc, is a clinical-stage biopharmaceutical company that discovers, develops and seeks to commercialize genetically engineered therapeutic antibodies with the potential to meaningfully transform current treatment paradigms. Alder’s lead pivotal-stage product candidate, eptinezumab, is being evaluated for migraine prevention.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Alder BioPharmaceuticals (NASDAQ:ALDR)

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