Ra Capital Management, LLC

recently disclosed that they own 8.6% of Dicerna Pharmaceuticals Inc (NASDAQ:DRNA) in a Schedule 13D/A disclosure that was filed with the SEC on Friday, January 19th. The investor owns 4,462,313 shares of the stock worth about $39,402,224. The reporting parties listed on the disclosure included RA Capital Management, LLC, Peter Kolchinsky and RA Capital Healthcare Fund, LP. The disclosure is available through EDGAR at this hyperlink.

A number of other institutional investors also recently modified their holdings of DRNA. Northern Trust Corp lifted its stake in Dicerna Pharmaceuticals by 6.1% in the 2nd quarter. Northern Trust Corp now owns 36,219 shares of the biopharmaceutical company’s stock valued at $114,000 after buying an additional 2,094 shares in the last quarter. Vanguard Group Inc. raised its holdings in Dicerna Pharmaceuticals by 4.5% in the 2nd quarter. Vanguard Group Inc. now owns 340,327 shares of the biopharmaceutical company’s stock valued at $1,078,000 after acquiring an additional 14,517 shares during the last quarter. Palo Alto Investors LLC raised its holdings in Dicerna Pharmaceuticals by 4.0% in the 2nd quarter. Palo Alto Investors LLC now owns 500,913 shares of the biopharmaceutical company’s stock valued at $1,588,000 after acquiring an additional 19,394 shares during the last quarter. EcoR1 Capital LLC raised its holdings in Dicerna Pharmaceuticals by 101.0% in the 2nd quarter. EcoR1 Capital LLC now owns 767,992 shares of the biopharmaceutical company’s stock valued at $2,435,000 after acquiring an additional 385,992 shares during the last quarter. Finally, Deschutes Portfolio Strategy LLC acquired a new stake in Dicerna Pharmaceuticals in the 3rd quarter valued at about $575,000. 21.93% of the stock is currently owned by hedge funds and other institutional investors.

DRNA has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Dicerna Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. ValuEngine upgraded shares of Dicerna Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Evercore ISI initiated coverage on shares of Dicerna Pharmaceuticals in a report on Tuesday. They issued an “outperform” rating and a $14.00 price objective for the company. BidaskClub downgraded shares of Dicerna Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, HC Wainwright reiterated a “buy” rating and issued a $10.00 price objective (up previously from $6.00) on shares of Dicerna Pharmaceuticals in a report on Friday, November 3rd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Dicerna Pharmaceuticals currently has a consensus rating of “Buy” and a consensus price target of $8.25.

Dicerna Pharmaceuticals Inc (NASDAQ DRNA) traded down $0.14 during mid-day trading on Friday, reaching $8.83. 162,162 shares of the company’s stock were exchanged, compared to its average volume of 335,321. The firm has a market cap of $456.00, a P/E ratio of -2.57 and a beta of 2.84. Dicerna Pharmaceuticals Inc has a 12 month low of $2.42 and a 12 month high of $10.24.

Dicerna Pharmaceuticals (NASDAQ:DRNA) last released its quarterly earnings data on Thursday, November 2nd. The biopharmaceutical company reported ($0.92) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.70) by ($0.22). The business had revenue of $0.47 million during the quarter. Dicerna Pharmaceuticals had a negative net margin of 5,895.26% and a negative return on equity of 293.25%. The company’s revenue was up 192.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.68) EPS. analysts predict that Dicerna Pharmaceuticals Inc will post -2.93 EPS for the current year.

In other news, Director Bain Capital Life Sciences Inv purchased 285,000 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was acquired at an average price of $7.00 per share, for a total transaction of $1,995,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 29.41% of the stock is owned by company insiders.

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Dicerna Pharmaceuticals Profile

Dicerna Pharmaceuticals, Inc is a ribonucleic acid (RNA) interference-based biopharmaceutical company. The Company operates in the segment of discovery, research and development of treatments based on its RNA interference (RNAi) technology platform. The Company is focused on the discovery and development of treatments for rare inherited diseases involving the liver and for cancers that are genetically defined.

Institutional Ownership by Quarter for Dicerna Pharmaceuticals (NASDAQ:DRNA)

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