Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) had its price objective hoisted by Needham & Company LLC from $85.00 to $125.00 in a note issued to investors on Wednesday. The firm currently has a “buy” rating on the biopharmaceutical company’s stock. Needham & Company LLC’s price target suggests a potential upside of 9.86% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Morgan Stanley reissued an “equal weight” rating on shares of Alnylam Pharmaceuticals in a research note on Monday, July 10th. BidaskClub downgraded shares of Alnylam Pharmaceuticals from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 16th. J P Morgan Chase & Co reissued a “hold” rating on shares of Alnylam Pharmaceuticals in a research note on Monday, June 26th. Chardan Capital reissued a “buy” rating and issued a $131.00 target price (up previously from $110.00) on shares of Alnylam Pharmaceuticals in a research note on Monday, July 10th. Finally, Ladenburg Thalmann Financial Services set a $90.00 target price on shares of Alnylam Pharmaceuticals and gave the company a “buy” rating in a research note on Monday, July 17th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company’s stock. Alnylam Pharmaceuticals has an average rating of “Hold” and an average price target of $91.59.

Shares of Alnylam Pharmaceuticals (NASDAQ:ALNY) opened at 112.92 on Wednesday. Alnylam Pharmaceuticals has a one year low of $31.38 and a one year high of $117.44. The company’s market cap is $10.36 billion. The firm has a 50-day moving average of $81.14 and a 200-day moving average of $69.12. Alnylam Pharmaceuticals also was the target of some unusual options trading activity on Wednesday. Investors acquired 30,530 call options on the stock. This is an increase of approximately 937% compared to the average volume of 2,944 call options.

Alnylam Pharmaceuticals (NASDAQ:ALNY) last announced its earnings results on Wednesday, August 9th. The biopharmaceutical company reported ($1.34) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.22) by ($0.12). Alnylam Pharmaceuticals had a negative net margin of 670.81% and a negative return on equity of 45.53%. The firm had revenue of $15.93 million during the quarter, compared to analysts’ expectations of $23.86 million. During the same period in the prior year, the company posted ($1.05) EPS. The company’s revenue was up 82.9% compared to the same quarter last year. Equities research analysts forecast that Alnylam Pharmaceuticals will post ($5.20) EPS for the current fiscal year.

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Hedge funds have recently added to or reduced their stakes in the business. QS Investors LLC lifted its position in shares of Alnylam Pharmaceuticals by 59.7% during the second quarter. QS Investors LLC now owns 2,408 shares of the biopharmaceutical company’s stock valued at $192,000 after buying an additional 900 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Alnylam Pharmaceuticals by 7.0% during the second quarter. The Manufacturers Life Insurance Company now owns 2,541 shares of the biopharmaceutical company’s stock valued at $203,000 after buying an additional 167 shares during the last quarter. CIBC Asset Management Inc purchased a new stake in shares of Alnylam Pharmaceuticals during the second quarter valued at about $221,000. Neuberger Berman Group LLC purchased a new stake in shares of Alnylam Pharmaceuticals during the second quarter valued at about $229,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Alnylam Pharmaceuticals during the first quarter valued at about $148,000. 94.25% of the stock is owned by institutional investors and hedge funds.

About Alnylam Pharmaceuticals

Alnylam Pharmaceuticals, Inc is a biopharmaceutical company. The Company is engaged in the discovery, development and commercialization of ribonucleic acid (RNA) interference (RNAi) therapeutics. The Company is focused on the use of its N-acetylgalactosamine (GalNAc)-conjugate platform for delivery of small interfering RNAs (siRNAs).

Analyst Recommendations for Alnylam Pharmaceuticals (NASDAQ:ALNY)

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