Dermira Inc (DERM) Stake Increased by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. lifted its stake in shares of Dermira Inc (NASDAQ:DERM) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 351,059 shares of the biopharmaceutical company’s stock after acquiring an additional 6,270 shares during the quarter. Alyeska Investment Group L.P. owned about 0.84% of Dermira worth $9,479,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Platinum Investment Management Ltd. boosted its stake in Dermira by 28.8% during the 2nd quarter. Platinum Investment Management Ltd. now owns 57,700 shares of the biopharmaceutical company’s stock valued at $1,681,000 after purchasing an additional 12,900 shares during the period. Jennison Associates LLC boosted its stake in Dermira by 0.3% during the 3rd quarter. Jennison Associates LLC now owns 2,640,740 shares of the biopharmaceutical company’s stock valued at $71,300,000 after purchasing an additional 7,746 shares during the period. Renaissance Technologies LLC bought a new stake in Dermira during the 1st quarter valued at approximately $1,023,000. Schwab Charles Investment Management Inc. boosted its stake in Dermira by 24.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 140,495 shares of the biopharmaceutical company’s stock valued at $4,095,000 after purchasing an additional 27,259 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Dermira by 9.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,397,857 shares of the biopharmaceutical company’s stock valued at $40,735,000 after purchasing an additional 125,157 shares during the period. Institutional investors own 99.54% of the company’s stock.

Dermira Inc (NASDAQ:DERM) opened at $26.53 on Tuesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 4.68 and a quick ratio of 4.68. Dermira Inc has a twelve month low of $21.35 and a twelve month high of $38.75.

Several analysts recently weighed in on DERM shares. BidaskClub upgraded Dermira from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 16th. Zacks Investment Research upgraded Dermira from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Mizuho restated a “buy” rating and set a $43.00 target price (up previously from $40.00) on shares of Dermira in a research note on Thursday, September 7th. Needham & Company LLC restated a “buy” rating and set a $46.00 target price on shares of Dermira in a research note on Sunday, September 17th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $45.00 target price on shares of Dermira in a research note on Tuesday, September 26th. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $43.33.

In other Dermira news, insider Eugene A. Bauer sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $30.04, for a total value of $225,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas G. Wiggans sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $27.52, for a total value of $137,600.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,800 shares of company stock valued at $809,425. Insiders own 13.30% of the company’s stock.

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About Dermira

Dermira, Inc is a biopharmaceutical company. The Company is focused on the development of therapeutic solutions in medical dermatology to treat skin conditions, such as hyperhidrosis, psoriasis and acne. Its portfolio includes three late-stage product candidates: Cimzia (certolizumab pegol), glycopyrronium tosylate and olumacostat glasaretil.

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Institutional Ownership by Quarter for Dermira (NASDAQ:DERM)

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