Ionis Pharmaceuticals, Inc. (IONS) Raised to "Buy" at Zacks Investment Research

Ionis Pharmaceuticals Inc Growing Royalties an Advancing Pipeline and Getting Back Rights to Some Drugs

IONIS PHARMACEUTICALS, INC. (NASDAQ:IONS) Files An 8-K Financial Statements and Exhibits

The company has a consensus rating of Hold and a consensus target price of $47.13.

The stock of Ionis Pharmaceuticals Incorporated (NASDAQ:IONS) registered a decrease of 0.63% in short interest. The business had revenue of $104.15 million during the quarter, compared to the consensus estimate of $93.29 million. Ionis Pharmaceuticals had a negative net margin of 4.80% and a negative return on equity of 14.61%. The firm's revenue was up 170.7% compared to the same quarter a year ago. Equities analysts anticipate that Ionis Pharmaceuticals, Inc. will post ($0.03) earnings per share for the current fiscal year.

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A number of other analysts have also recently commented on AKCA. They now have a $62.00 price target on the stock, up from their previous price target of $59.00.

Wells Fargo & Company assumed coverage on shares of Akcea Therapeut (NASDAQ:AKCA) in a report released on Tuesday morning, Marketbeat Ratings reports. They issued a buy rating and a $19.00 price objective for the company. TheStreet upgraded Ionis Pharmaceuticals from a "d+" rating to a "c-" rating in a research note on Wednesday, July 5th. The stock of Ionis Pharmaceuticals Inc (NASDAQ:IONS) earned "Buy" rating by Laidlaw on Tuesday, December 27. (IONS) traded up 1.921% during midday trading on Friday, hitting $46.435. Ionis Pharmaceuticals has a 12 month low of $24.58 and a 12 month high of $60.01.

The company is so far trading up since yesterday's close of $45.56. The firm's 50 day moving average is $52.75 and its 200 day moving average is $46.90. Hedge funds and other institutional investors own 88.77% of the company's stock. Parallel Advisors LLC boosted its stake in shares of Ionis Pharmaceuticals by 62.8% in the second quarter. Bb Biotech Ag, a Switzerland-based fund reported 682,912 shares. State Street Corp raised its position in Ionis Pharmaceuticals by 20.5% in the first quarter. Also, Chairman Stanley T. Crooke sold 16,500 shares of the firm's stock in a transaction dated Monday, July 17th. The stock was purchased at an average cost of $8.00 per share, with a total value of $25,000,000.00. Following the transaction, the chairman now owns 48,014 shares in the company, valued at $2,657,574.90. The shares were sold at an average price of $59.29, for a total transaction of $592,900.00. Following the completion of the acquisition, the insider now directly owns 28,884,540 shares of the company's stock, valued at approximately $231,076,320. The disclosure for this sale can be found here. Motley Fool Wealth Management, LLC claims 342,329 shares valued at $17,414,000. 1,847,282 shares of the company's stock were exchanged.

Ionis Pharmaceuticals, Inc.is engaged in discovering and developing ribonucleic acid -targeted therapeutics. The Company's Ionis Core segment is developing a drug discovery platform.

In other Akcea Therapeut news, major shareholder Ionis Pharmaceuticals Inc acquired 3,125,000 shares of the company's stock in a transaction that occurred on Wednesday, July 19th.

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