Aileron Therapeutics (ALRN) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Aileron Therapeutics (NASDAQ:ALRN) from a sell rating to a hold rating in a research note published on Wednesday, January 10th.

According to Zacks, “Aileron Therapeutics, Inc. is a clinical-stage biopharmaceutical company. It engages in developing and commercializing a novel class of therapeutics primarily in the United States. The companys lead product includes ALRN-6924, targets the tumor suppressor protein p53 for the treatment of a range of cancers which are in clinical stage. Aileron Therapeutics, Inc. is based in Cambridge, Massachusetts. “

Shares of Aileron Therapeutics (NASDAQ ALRN) traded down $0.41 during trading on Wednesday, hitting $9.21. 36,697 shares of the stock were exchanged, compared to its average volume of 35,103. Aileron Therapeutics has a 12 month low of $8.77 and a 12 month high of $15.48.

Aileron Therapeutics (NASDAQ:ALRN) last announced its quarterly earnings results on Thursday, November 9th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.36) by ($0.07). research analysts forecast that Aileron Therapeutics will post -1.76 earnings per share for the current year.

In related news, major shareholder Apple Tree Partners Ii Lp sold 150,000 shares of the stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $9.80, for a total transaction of $1,470,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 68.10% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in ALRN. Neuberger Berman Group LLC purchased a new stake in shares of Aileron Therapeutics in the second quarter valued at about $279,000. Laurion Capital Management LP purchased a new stake in Aileron Therapeutics during the second quarter worth about $335,000. Vanguard Group Inc. purchased a new stake in Aileron Therapeutics during the second quarter worth about $111,000. Citadel Advisors LLC purchased a new stake in Aileron Therapeutics during the second quarter worth about $141,000. Finally, Tudor Investment Corp ET AL purchased a new stake in Aileron Therapeutics during the second quarter worth about $112,000. 7.64% of the stock is currently owned by hedge funds and other institutional investors.

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Aileron Therapeutics Company Profile

Aileron Therapeutics, Inc is a United States-based clinical-stage biopharmaceutical company. The Company is focused on developing and commercializing a class of therapeutics called stapled peptides. It is also developing a pipeline of stapled peptide drugs across a range of therapeutic areas, including cancer, endocrine and metabolic diseases and inflammation.

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