Arrowhead Pharmaceuticals, Inc. (ARWR) Rating Increased to Overweight at Piper Jaffray Companies
Arrowhead Pharmaceuticals, Inc. (NASDAQ:ARWR) was upgraded by equities research analysts at Piper Jaffray Companies from a “neutral” rating to an “overweight” rating in a research note issued on Monday.
ARWR has been the subject of a number of other reports. Jefferies Group LLC reaffirmed a “hold” rating and set a $2.00 target price on shares of Arrowhead Pharmaceuticals in a report on Friday, August 4th. Chardan Capital reaffirmed a “neutral” rating on shares of Arrowhead Pharmaceuticals in a report on Wednesday, September 13th. ValuEngine raised shares of Arrowhead Pharmaceuticals from a “strong sell” rating to a “sell” rating in a report on Monday, October 2nd. Cantor Fitzgerald reaffirmed a “hold” rating and set a $2.00 target price on shares of Arrowhead Pharmaceuticals in a report on Monday, September 25th. Finally, William Blair raised shares of Arrowhead Pharmaceuticals from a “market perform” rating to an “outperform” rating in a report on Monday, September 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $2.00.
Shares of Arrowhead Pharmaceuticals (NASDAQ:ARWR) opened at $3.70 on Monday. Arrowhead Pharmaceuticals has a twelve month low of $1.20 and a twelve month high of $4.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.84 and a quick ratio of 3.84.
A number of hedge funds have recently made changes to their positions in ARWR. Bank of New York Mellon Corp increased its holdings in Arrowhead Pharmaceuticals by 3.7% during the first quarter. Bank of New York Mellon Corp now owns 314,034 shares of the biotechnology company’s stock valued at $581,000 after buying an additional 11,099 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Arrowhead Pharmaceuticals by 414.7% in the first quarter. UBS Asset Management Americas Inc. now owns 66,400 shares of the biotechnology company’s stock worth $123,000 after purchasing an additional 53,500 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Arrowhead Pharmaceuticals by 3.4% in the first quarter. Geode Capital Management LLC now owns 663,062 shares of the biotechnology company’s stock worth $1,226,000 after purchasing an additional 21,654 shares in the last quarter. LMR Partners LLP purchased a new stake in shares of Arrowhead Pharmaceuticals in the second quarter worth $467,000. Finally, Virtu KCG Holdings LLC increased its stake in shares of Arrowhead Pharmaceuticals by 115.6% in the second quarter. Virtu KCG Holdings LLC now owns 99,267 shares of the biotechnology company’s stock worth $161,000 after purchasing an additional 53,215 shares in the last quarter. 21.44% of the stock is owned by institutional investors and hedge funds.
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Arrowhead Pharmaceuticals Company Profile
Arrowhead Pharmaceuticals, Inc, formerly Arrowhead Research Corporation, develops medicines that treat intractable diseases by silencing the genes that cause them. Using a portfolio of ribonucleic acid (RNA) chemistries and modes of delivery, the Company’s therapies trigger the RNA interference mechanism to induce knockdown of target genes.
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