Regulus Therapeutics (RGLS) Rating Reiterated by Wedbush

Regulus Therapeutics (NASDAQ:RGLS)‘s stock had its “outperform” rating reissued by Wedbush in a research note issued on Monday. They currently have a $4.00 target price on the biopharmaceutical company’s stock. Wedbush’s target price suggests a potential upside of 349.44% from the company’s current price.

Other research analysts have also issued reports about the company. Zacks Investment Research lowered Regulus Therapeutics from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Needham & Company LLC reissued a “hold” rating on shares of Regulus Therapeutics in a report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Regulus Therapeutics presently has an average rating of “Hold” and a consensus target price of $2.60.

Regulus Therapeutics (NASDAQ RGLS) opened at $0.89 on Monday. The company has a current ratio of 6.77, a quick ratio of 6.77 and a debt-to-equity ratio of 0.41. Regulus Therapeutics has a 1-year low of $0.79 and a 1-year high of $2.75.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RGLS. Wedbush Securities Inc. boosted its stake in Regulus Therapeutics by 10.3% in the 2nd quarter. Wedbush Securities Inc. now owns 199,521 shares of the biopharmaceutical company’s stock valued at $197,000 after purchasing an additional 18,600 shares during the period. LMR Partners LLP bought a new stake in Regulus Therapeutics in the 2nd quarter valued at $164,000. Quantitative Investment Management LLC bought a new stake in Regulus Therapeutics in the 2nd quarter valued at $103,000. GSA Capital Partners LLP bought a new stake in Regulus Therapeutics in the 2nd quarter valued at $139,000. Finally, FMR LLC boosted its stake in Regulus Therapeutics by 0.5% in the 2nd quarter. FMR LLC now owns 7,977,349 shares of the biopharmaceutical company’s stock valued at $7,862,000 after purchasing an additional 37,489 shares during the period. Institutional investors and hedge funds own 59.41% of the company’s stock.

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Regulus Therapeutics Company Profile

Regulus Therapeutics Inc is a biopharmaceutical company focused on discovering and developing drugs that target microRNAs to treat a range of diseases. The Company uses its microRNA product platform to develop chemically modified, single-stranded oligonucleotides that the Company calls anti-miRs to modulate microRNAs and return diseased cells to their healthy state.

Analyst Recommendations for Regulus Therapeutics (NASDAQ:RGLS)

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