Regulus Therapeutics Inc. (RGLS) Trading 5.6% Higher
Regulus Therapeutics Inc. (NASDAQ:RGLS) traded up 5.6% on Monday . The stock traded as high as $1.52 and last traded at $1.32. 2,878,636 shares were traded during mid-day trading, an increase of 243% from the average session volume of 838,206 shares. The stock had previously closed at $1.25.
Several brokerages have recently weighed in on RGLS. Zacks Investment Research lowered shares of Regulus Therapeutics from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Wedbush restated an “ourperform” rating and issued a $4.00 target price on shares of Regulus Therapeutics in a research note on Monday, August 7th. Needham & Company LLC restated a “hold” rating on shares of Regulus Therapeutics in a research note on Wednesday, August 2nd. Chardan Capital lowered Regulus Therapeutics from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 2nd. Finally, BMO Capital Markets set a $1.00 target price on Regulus Therapeutics and gave the company a “hold” rating in a research report on Monday, June 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $3.63.
The firm’s market cap is $137.00 million. The firm has a 50-day moving average of $1.10 and a 200-day moving average of $1.24.
Regulus Therapeutics (NASDAQ:RGLS) last posted its quarterly earnings data on Tuesday, August 1st. The biopharmaceutical company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.10). The firm had revenue of $0.02 million during the quarter, compared to the consensus estimate of $0.02 million. Regulus Therapeutics had a negative return on equity of 173.20% and a negative net margin of 31,460.47%. Analysts forecast that Regulus Therapeutics Inc. will post ($1.02) EPS for the current year.
In other Regulus Therapeutics news, insider Joseph P. Hagan purchased 219,780 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was bought at an average cost of $0.91 per share, with a total value of $199,999.80. Following the transaction, the insider now directly owns 241,297 shares in the company, valued at approximately $219,580.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William H. Rastetter purchased 274,725 shares of the stock in a transaction that occurred on Tuesday, July 25th. The shares were acquired at an average cost of $0.91 per share, with a total value of $249,999.75. The disclosure for this purchase can be found here. Insiders bought a total of 549,450 shares of company stock worth $500,000 over the last ninety days. Insiders own 4.80% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN grew its holdings in Regulus Therapeutics by 13.5% in the first quarter. Wells Fargo & Company MN now owns 782,380 shares of the biopharmaceutical company’s stock worth $1,291,000 after purchasing an additional 93,295 shares during the period. Wedbush Securities Inc. increased its stake in shares of Regulus Therapeutics by 10.3% during the second quarter. Wedbush Securities Inc. now owns 199,521 shares of the biopharmaceutical company’s stock valued at $197,000 after purchasing an additional 18,600 shares in the last quarter. South Dakota Investment Council lifted its holdings in shares of Regulus Therapeutics by 16.3% during the first quarter. South Dakota Investment Council now owns 1,327,058 shares of the biopharmaceutical company’s stock valued at $2,190,000 after purchasing an additional 186,130 shares during the last quarter. Teachers Advisors LLC lifted its holdings in shares of Regulus Therapeutics by 15.7% during the fourth quarter. Teachers Advisors LLC now owns 72,273 shares of the biopharmaceutical company’s stock valued at $163,000 after purchasing an additional 9,804 shares during the last quarter. Finally, Tudor Investment Corp ET AL lifted its holdings in shares of Regulus Therapeutics by 131.5% during the first quarter. Tudor Investment Corp ET AL now owns 108,061 shares of the biopharmaceutical company’s stock valued at $178,000 after purchasing an additional 61,373 shares during the last quarter. Institutional investors and hedge funds own 21.92% of the company’s stock.
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Regulus Therapeutics Company Profile
Regulus Therapeutics Inc is a biopharmaceutical company focused on discovering and developing drugs that target microRNAs to treat a range of diseases. The Company uses its microRNA product platform to develop chemically modified, single-stranded oligonucleotides that the Company calls anti-miRs to modulate microRNAs and return diseased cells to their healthy state.
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