Arrowhead Research (ARWR) Received its Third Buy in a Row


After Piper Jaffray and Chardan Capital gave Arrowhead Research (NASDAQ: ARWR) a Buy rating last month, the company received another Buy, this time from B.Riley FBR. Analyst Mayank Mamtani reiterated a Buy rating on Arrowhead Research today and set a price target of $59.00. The company’s shares closed last Monday at $45.28, close to its 52-week high of $45.85.

According to TipRanks.com, Mamtani is a 2-star analyst with an average return of 0.9% and a 40.5% success rate. Mamtani covers the Healthcare sector, focusing on stocks such as Allena Pharmaceuticals, NGM Biopharmaceuticals, and CymaBay Therapeutics.

Currently, the analyst consensus on Arrowhead Research is a Strong Buy with an average price target of $46.00.

See today’s analyst top recommended stocks >>

Based on Arrowhead Research’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $20.34 million. In comparison, last year the company had a GAAP net loss of $10.76 million.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ARWR in relation to earlier this year. Earlier this month, Kenneth Allen Myszkowski, the CFO of ARWR bought 12,649 shares for a total of $65,648.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Arrowhead Pharmaceuticals, Inc. operates as a biopharmaceutical company. It develops medicines that treat intractable diseases by silencing the genes that cause them. The company was founded by R. Bruce Stewart in 1989 and is headquartered in Pasadena, CA.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts