Alnylam Pharmaceuticals (NASDAQ:ALNY) Receives “Buy” Rating from B. Riley

B. Riley restated their buy rating on shares of Alnylam Pharmaceuticals (NASDAQ:ALNY) in a research note issued to investors on Monday, January 8th, Marketbeat reports. B. Riley currently has a $205.00 price target on the biopharmaceutical company’s stock, down from their previous price target of $220.00. B. Riley also issued estimates for Alnylam Pharmaceuticals’ Q4 2017 earnings at ($1.60) EPS, FY2017 earnings at ($5.32) EPS, Q2 2018 earnings at ($1.46) EPS, Q3 2018 earnings at ($1.14) EPS, Q4 2018 earnings at ($1.20) EPS and FY2018 earnings at ($4.90) EPS.

Other research analysts also recently issued research reports about the stock. JMP Securities boosted their target price on shares of Alnylam Pharmaceuticals from $101.00 to $128.00 and gave the company an outperform rating in a research report on Wednesday, September 20th. Barclays boosted their price target on shares of Alnylam Pharmaceuticals from $127.00 to $158.00 and gave the company an overweight rating in a research note on Wednesday, November 8th. FBR & Co assumed coverage on shares of Alnylam Pharmaceuticals in a research note on Monday, October 30th. They set a buy rating and a $150.00 price target for the company. Cowen restated an outperform rating and set a $151.00 price target (up previously from $117.00) on shares of Alnylam Pharmaceuticals in a research note on Friday, November 3rd. Finally, Needham & Company LLC restated a buy rating and set a $152.00 price target (up previously from $125.00) on shares of Alnylam Pharmaceuticals in a research note on Friday, November 3rd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Alnylam Pharmaceuticals has an average rating of Buy and an average target price of $121.20.

Alnylam Pharmaceuticals (NASDAQ ALNY) opened at $129.07 on Monday. The company has a quick ratio of 9.83, a current ratio of 9.83 and a debt-to-equity ratio of 0.14. Alnylam Pharmaceuticals has a 1-year low of $35.98 and a 1-year high of $147.63. The company has a market cap of $12,690.00, a PE ratio of -24.58 and a beta of 2.98.

Alnylam Pharmaceuticals (NASDAQ:ALNY) last announced its quarterly earnings results on Tuesday, November 7th. The biopharmaceutical company reported ($1.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.23) by ($0.11). Alnylam Pharmaceuticals had a negative net margin of 664.70% and a negative return on equity of 46.94%. The company had revenue of $17.10 million for the quarter, compared to the consensus estimate of $28.15 million. During the same period last year, the firm posted ($1.21) earnings per share. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year. equities research analysts predict that Alnylam Pharmaceuticals will post -5.28 earnings per share for the current year.

In related news, EVP Akshay Vaishnaw sold 33,666 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $121.46, for a total value of $4,089,072.36. Following the transaction, the executive vice president now directly owns 45,201 shares in the company, valued at $5,490,113.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Michael Mason sold 36,745 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $131.59, for a total transaction of $4,835,274.55. Following the completion of the transaction, the vice president now owns 6,352 shares in the company, valued at $835,859.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 274,075 shares of company stock worth $35,356,089. Insiders own 4.30% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. QS Investors LLC grew its position in Alnylam Pharmaceuticals by 59.7% during the second quarter. QS Investors LLC now owns 2,408 shares of the biopharmaceutical company’s stock valued at $192,000 after acquiring an additional 900 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Alnylam Pharmaceuticals by 7.0% in the second quarter. The Manufacturers Life Insurance Company now owns 2,541 shares of the biopharmaceutical company’s stock worth $203,000 after purchasing an additional 167 shares during the last quarter. Neuberger Berman Group LLC bought a new position in shares of Alnylam Pharmaceuticals in the second quarter worth approximately $229,000. Fayerweather Charles bought a new position in shares of Alnylam Pharmaceuticals in the third quarter worth approximately $230,000. Finally, Watch Point Trust Co bought a new position in shares of Alnylam Pharmaceuticals in the third quarter worth approximately $235,000. Institutional investors own 88.39% of the company’s stock.

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About Alnylam Pharmaceuticals

Alnylam Pharmaceuticals, Inc is a biopharmaceutical company. The Company is engaged in the discovery, development and commercialization of ribonucleic acid (RNA) interference (RNAi) therapeutics. The Company is focused on the use of its N-acetylgalactosamine (GalNAc)-conjugate platform for delivery of small interfering RNAs (siRNAs).

Analyst Recommendations for Alnylam Pharmaceuticals (NASDAQ:ALNY)

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