William Blair analyst Myles Minter reiterated a Hold rating on Ionis Pharmaceuticals (IONS) today. The company’s shares closed last Wednesday at $57.21.
According to TipRanks.com, Minter is a 4-star analyst with an average return of 37.0% and a 60.0% success rate. Minter covers the Healthcare sector, focusing on stocks such as Minerva Neurosciences, Karuna Therapeutics, and Translate Bio.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ionis Pharmaceuticals with a $76.40 average price target.
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The company has a one-year high of $73.09 and a one-year low of $39.32. Currently, Ionis Pharmaceuticals has an average volume of 758.7K.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IONS in relation to earlier this year. Last month, Frederick Muto, a Director at IONS bought 15,000 shares for a total of $138,300.
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Ionis Pharmaceuticals, Inc. engages in the development and commercialization of human therapeutic drugs using antisense technology. It operates through the Ionis Core and Akcea Therapeutics segments. The Ionis Core segment exploits a novel drug discovery platform to generate a pipeline of drugs. The Akcea Therapeutics segment develops and commercializes drugs for cardiometabolic diseases. The company was founded by Stanley T. Crooke, David J. Ecker, Christopher K. Mirabelli and Brett P. Monia in 1989 and is headquartered in Carlsbad, CA.
