Alnylam Pharmaceuticals (ALNY) Hits New 52-Week Low at $70.43

Shares of Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) reached a new 52-week low during trading on Friday . The stock traded as low as $70.43 and last traded at $72.54, with a volume of 36727 shares traded. The stock had previously closed at $73.04.

Several analysts have commented on the stock. Cowen reaffirmed a “buy” rating and issued a $147.00 target price on shares of Alnylam Pharmaceuticals in a research note on Tuesday, September 4th. JMP Securities set a $198.00 target price on shares of Alnylam Pharmaceuticals and gave the stock a “buy” rating in a research note on Tuesday, August 28th. Needham & Company LLC set a $152.00 target price on shares of Alnylam Pharmaceuticals and gave the stock a “buy” rating in a research note on Monday, August 27th. ValuEngine upgraded shares of Alnylam Pharmaceuticals from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 28th. Finally, BidaskClub upgraded shares of Alnylam Pharmaceuticals from a “strong sell” rating to a “sell” rating in a report on Friday, July 13th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Alnylam Pharmaceuticals presently has an average rating of “Buy” and an average price target of $142.94.

The firm has a market cap of $8.69 billion, a price-to-earnings ratio of -13.36 and a beta of 2.54. The company has a current ratio of 13.22, a quick ratio of 13.22 and a debt-to-equity ratio of 0.02.

Alnylam Pharmaceuticals (NASDAQ:ALNY) last announced its quarterly earnings results on Wednesday, November 7th. The biopharmaceutical company reported ($2.43) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($2.02) by ($0.41). The company had revenue of $2.07 million during the quarter, compared to analyst estimates of $22.66 million. Alnylam Pharmaceuticals had a negative net margin of 533.52% and a negative return on equity of 38.09%. The firm’s revenue for the quarter was down 87.9% compared to the same quarter last year. During the same quarter last year, the business earned ($1.34) EPS. On average, research analysts expect that Alnylam Pharmaceuticals, Inc. will post -7.28 earnings per share for the current year.

In related news, COO Yvonne Greenstreet sold 2,500 shares of Alnylam Pharmaceuticals stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $120.00, for a total transaction of $300,000.00. Following the transaction, the chief operating officer now owns 1,916 shares in the company, valued at approximately $229,920. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.30% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in shares of Alnylam Pharmaceuticals during the 2nd quarter valued at $137,000. Opera Trading Capital acquired a new position in shares of Alnylam Pharmaceuticals during the 3rd quarter valued at $137,000. Mutual of America Capital Management LLC lifted its holdings in shares of Alnylam Pharmaceuticals by 98.5% during the 2nd quarter. Mutual of America Capital Management LLC now owns 1,935 shares of the biopharmaceutical company’s stock valued at $191,000 after acquiring an additional 960 shares in the last quarter. IPG Investment Advisors LLC acquired a new position in shares of Alnylam Pharmaceuticals during the 2nd quarter valued at $217,000. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Alnylam Pharmaceuticals by 600.9% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,278 shares of the biopharmaceutical company’s stock valued at $200,000 after acquiring an additional 1,953 shares in the last quarter. Institutional investors and hedge funds own 90.37% of the company’s stock.

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Alnylam Pharmaceuticals Company Profile (NASDAQ:ALNY)

Alnylam Pharmaceuticals, Inc, a biopharmaceutical company, discovers, develops, and commercializes novel therapeutics based on RNA interference (RNAi). Its pipeline of investigational RNAi therapeutics focuses on genetic medicines, cardio-metabolic diseases, and hepatic infectious diseases. The company's clinical development programs include Patisiran, which is in Phase III clinical trial for the treatment of hereditary transthyretin-mediated amyloidosis; Givosiran that is in Phase III trial to treat acute hepatic porphyrias; Fitusiran, an investigational RNAi therapeutic that is in Phase II open-label extension and Phase III clinical trial for the treatment of hemophilia and rare bleeding disorders; and Inclisiran, which is in III clinical trial for hypercholesterolemia.

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