Arrowhead Pharmaceuticals Inc (NASDAQ:ARWR) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $25.58 and last traded at $25.55, with a volume of 1500416 shares. The stock had previously closed at $24.41.

ARWR has been the topic of several analyst reports. Cantor Fitzgerald set a $24.00 price target on shares of Arrowhead Pharmaceuticals and gave the stock a “buy” rating in a research note on Friday, April 12th. BidaskClub raised shares of Arrowhead Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Thursday, February 14th. Chardan Capital reissued a “buy” rating and issued a $24.50 target price on shares of Arrowhead Pharmaceuticals in a research report on Monday, February 11th. B. Riley boosted their target price on shares of Arrowhead Pharmaceuticals from $26.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Finally, TheStreet raised shares of Arrowhead Pharmaceuticals from a “d” rating to a “c+” rating in a research report on Thursday, May 30th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $24.86.

The firm has a market cap of $2.31 billion, a P/E ratio of -39.31 and a beta of 1.66.

Arrowhead Pharmaceuticals (NASDAQ:ARWR) last issued its quarterly earnings results on Wednesday, May 8th. The biotechnology company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The company had revenue of $48.15 million during the quarter, compared to analyst estimates of $45.78 million. Arrowhead Pharmaceuticals had a net margin of 10.09% and a return on equity of 6.72%. Analysts predict that Arrowhead Pharmaceuticals Inc will post 0.68 EPS for the current fiscal year.

In related news, General Counsel Patrick O’brien sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $24.88, for a total value of $746,400.00. Following the sale, the general counsel now directly owns 203,000 shares in the company, valued at approximately $5,050,640. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher Richard Anzalone sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $19.30, for a total transaction of $965,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 107,071 shares of company stock valued at $2,306,962. Company insiders own 4.80% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC bought a new stake in shares of Arrowhead Pharmaceuticals in the 4th quarter worth approximately $52,000. First Quadrant L P CA raised its holdings in shares of Arrowhead Pharmaceuticals by 831.4% during the first quarter. First Quadrant L P CA now owns 3,353 shares of the biotechnology company’s stock valued at $62,000 after acquiring an additional 2,993 shares during the period. Advisor Group Inc. raised its holdings in shares of Arrowhead Pharmaceuticals by 73.4% during the fourth quarter. Advisor Group Inc. now owns 8,670 shares of the biotechnology company’s stock valued at $109,000 after acquiring an additional 3,670 shares during the period. Beaumont Financial Partners LLC acquired a new stake in shares of Arrowhead Pharmaceuticals during the fourth quarter valued at approximately $124,000. Finally, LPL Financial LLC acquired a new stake in shares of Arrowhead Pharmaceuticals during the fourth quarter valued at approximately $130,000. Institutional investors and hedge funds own 62.31% of the company’s stock.

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About Arrowhead Pharmaceuticals (NASDAQ:ARWR)

Arrowhead Pharmaceuticals, Inc develops medicines for the treatment of intractable diseases in the United States. The company's pipeline include ARO-AAT, a RNA interference (RNAi) therapeutic candidate for the treatment of liver diseases associated with alpha-1 antitrypsin deficiency; ARO-APOC3 to treat hypertriglyceridemia; ARO-ANG3 to reduce production of angiopoietin-like protein 3; ARO-ENaC to reduce production of the epithelial sodium channel alpha subunit in the airways of the lung; and ARO-HIF2 for the treatment of clear cell renal cell carcinoma.

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