Dermira Inc (NASDAQ:DERM) Director David E. Cohen sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $28.03, for a total value of $16,818.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Dermira Inc (DERM) traded up $0.21 during midday trading on Friday, reaching $26.70. The company’s stock had a trading volume of 737,900 shares, compared to its average volume of 767,237. The company has a current ratio of 4.68, a quick ratio of 4.68 and a debt-to-equity ratio of 1.40. Dermira Inc has a 52-week low of $21.35 and a 52-week high of $38.75. The firm has a market cap of $1,110.00, a price-to-earnings ratio of -4.29 and a beta of 0.80.
A number of research firms recently weighed in on DERM. BidaskClub lowered Dermira from a “buy” rating to a “hold” rating in a report on Tuesday. Cantor Fitzgerald reissued a “buy” rating and set a $45.00 target price on shares of Dermira in a report on Tuesday, September 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $46.00 price objective on shares of Dermira in a report on Sunday, September 17th. Zacks Investment Research raised Dermira from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Guggenheim reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Dermira in a report on Thursday, December 14th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $41.00.
Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA grew its holdings in Dermira by 2,220.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,154 shares of the biopharmaceutical company’s stock valued at $121,000 after buying an additional 3,975 shares in the last quarter. Quantbot Technologies LP grew its holdings in shares of Dermira by 75.4% during the 3rd quarter. Quantbot Technologies LP now owns 5,371 shares of the biopharmaceutical company’s stock worth $145,000 after purchasing an additional 2,309 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Dermira by 66.8% during the 2nd quarter. SG Americas Securities LLC now owns 5,503 shares of the biopharmaceutical company’s stock worth $160,000 after purchasing an additional 2,203 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Dermira by 40.9% during the 2nd quarter. Legal & General Group Plc now owns 9,664 shares of the biopharmaceutical company’s stock worth $281,000 after purchasing an additional 2,803 shares in the last quarter. Finally, Ardsley Advisory Partners acquired a new stake in shares of Dermira during the 2nd quarter worth $291,000. 99.47% of the stock is currently owned by hedge funds and other institutional investors.
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Dermira Company Profile
Dermira, Inc is a biopharmaceutical company. The Company is focused on the development of therapeutic solutions in medical dermatology to treat skin conditions, such as hyperhidrosis, psoriasis and acne. Its portfolio includes three late-stage product candidates: Cimzia (certolizumab pegol), glycopyrronium tosylate and olumacostat glasaretil.
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