Alnylam Pharmaceuticals’ (ALNY) “Outperform” Rating Reaffirmed at Cowen and Company

Cowen and Company reaffirmed their outperform rating on shares of Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) in a research report report published on Friday, November 3rd, The Fly reports. They currently have a $151.00 price objective on the biopharmaceutical company’s stock, up from their prior price objective of $117.00.

A number of other research firms have also issued reports on ALNY. 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 report on Friday, November 3rd. B. Riley initiated coverage on shares of Alnylam Pharmaceuticals in a report on Wednesday, November 1st. They set a buy rating and a $240.00 price target on the stock. Piper Jaffray Companies reaffirmed an overweight rating and set a $14.71 price objective (down from $188.00) on shares of Alnylam Pharmaceuticals in a research report on Thursday, November 2nd. FBR & Co initiated coverage on shares of Alnylam Pharmaceuticals in a research report on Monday, October 30th. They set a buy rating and a $150.00 price objective on the stock. Finally, Goldman Sachs Group, Inc. (The) raised shares of Alnylam Pharmaceuticals from a neutral rating to a buy rating and boosted their price objective for the company from $62.00 to $163.00 in a research report on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seventeen have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $121.85.

Alnylam Pharmaceuticals (ALNY) traded up $0.32 during midday trading on Friday, hitting $132.33. 771,751 shares of the company were exchanged, compared to its average volume of 1,132,019. Alnylam Pharmaceuticals has a twelve month low of $35.98 and a twelve month high of $147.63. The company has a debt-to-equity ratio of 0.14, a quick ratio of 9.83 and a current ratio of 9.83.

Alnylam Pharmaceuticals (NASDAQ:ALNY) last released its quarterly earnings results on Tuesday, November 7th. The biopharmaceutical company reported ($1.34) earnings per share (EPS) for the quarter, missing the Zacks’ 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 firm had revenue of $17.10 million for the quarter, compared to analyst estimates of $28.15 million. During the same quarter in the prior year, the firm earned ($1.21) EPS. The firm’s revenue was up 24.8% compared to the same quarter last year. research analysts expect that Alnylam Pharmaceuticals will post -5.33 EPS for the current fiscal year.

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In related news, President Barry E. Greene sold 85,316 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $125.00, for a total transaction of $10,664,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Akshay Vaishnaw sold 33,666 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $121.46, for a total transaction of $4,089,072.36. Following the sale, the executive vice president now directly owns 45,201 shares of the company’s stock, valued at $5,490,113.46. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 289,797 shares of company stock valued at $34,422,712. 4.30% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. QS Investors LLC raised its stake in Alnylam Pharmaceuticals by 59.7% during the 2nd quarter. QS Investors LLC now owns 2,408 shares of the biopharmaceutical company’s stock valued at $192,000 after purchasing an additional 900 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Alnylam Pharmaceuticals by 7.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,541 shares of the biopharmaceutical company’s stock valued at $203,000 after purchasing an additional 167 shares during the last quarter. Prudential Financial Inc. acquired a new position in Alnylam Pharmaceuticals during the 1st quarter valued at $215,000. CIBC Asset Management Inc acquired a new position in Alnylam Pharmaceuticals during the 2nd quarter valued at $221,000. Finally, Neuberger Berman Group LLC acquired a new position in Alnylam Pharmaceuticals during the 2nd quarter valued at $229,000. Hedge funds and other institutional investors own 86.04% of the company’s stock.

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).

The Fly

Analyst Recommendations for Alnylam Pharmaceuticals (NASDAQ:ALNY)

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