Ionis Pharmaceuticals Inc (NASDAQ:IONS) Chairman Stanley T. Crooke sold 22,000 shares of the stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $50.01, for a total value of $1,100,220.00. Following the completion of the sale, the chairman now owns 58,014 shares in the company, valued at approximately $2,901,280.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Ionis Pharmaceuticals Inc (IONS) traded up $0.05 on Friday, reaching $53.22. The company’s stock had a trading volume of 946,534 shares, compared to its average volume of 1,066,893. Ionis Pharmaceuticals Inc has a 52 week low of $37.26 and a 52 week high of $65.51. The company has a debt-to-equity ratio of 1.50, a current ratio of 6.25 and a quick ratio of 6.21. The stock has a market capitalization of $6,620.00, a price-to-earnings ratio of 380.14 and a beta of 2.86.
IONS has been the topic of a number of recent analyst reports. Stifel Nicolaus reiterated a “hold” rating and issued a $50.00 target price on shares of Ionis Pharmaceuticals in a research note on Friday, October 13th. Zacks Investment Research upgraded Ionis Pharmaceuticals from a “hold” rating to a “strong-buy” rating and set a $62.00 price target on the stock in a research note on Friday, October 27th. BidaskClub upgraded Ionis Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Morgan Stanley raised their price target on Ionis Pharmaceuticals from $45.00 to $49.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 8th. Finally, BMO Capital Markets raised their price target on Ionis Pharmaceuticals from $64.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $50.76.
A number of institutional investors and hedge funds have recently bought and sold shares of IONS. Russell Investments Group Ltd. boosted its holdings in Ionis Pharmaceuticals by 21.4% in the second quarter. Russell Investments Group Ltd. now owns 20,077 shares of the company’s stock worth $1,021,000 after acquiring an additional 3,538 shares in the last quarter. Rothschild Asset Management Inc. boosted its holdings in Ionis Pharmaceuticals by 10.8% in the third quarter. Rothschild Asset Management Inc. now owns 281,068 shares of the company’s stock worth $14,250,000 after acquiring an additional 27,426 shares in the last quarter. Bank of Nova Scotia acquired a new stake in Ionis Pharmaceuticals in the second quarter worth about $1,526,000. 361 Capital LLC acquired a new stake in Ionis Pharmaceuticals in the second quarter worth about $1,596,000. Finally, GSA Capital Partners LLP acquired a new stake in Ionis Pharmaceuticals in the second quarter worth about $1,096,000. Institutional investors own 91.40% of the company’s stock.
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About Ionis Pharmaceuticals
Ionis Pharmaceuticals, Inc is engaged in discovering and developing ribonucleic acid (RNA)-targeted therapeutics. The Company, using its drug discovery platform, has developed a pipeline of drugs for patients with unmet medical needs. The Company’s segments include Ionis Core and Akcea Therapeutics. In the Ionis Core segment, the Company is engaged in exploiting a drug discovery platform to generate a pipeline of drugs for the Company and its partners.
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