Trading Report: The Jefferies Group Weighs in on Arrowhead Research Corp.’s Q1 2017 Earnings (ARWR)

The Jefferies Group Weighs in on Arrowhead Research Corp.’s Q1 2017 Earnings (ARWR)

Arrowhead Research Corp. (NASDAQ:ARWR) – Research analysts at Jefferies Group upped their Q1 2017 earnings per share estimates for Arrowhead Research Corp. in a research note issued on Wednesday. Jefferies Group analyst E. Yang now anticipates that the brokerage will earn $0.18 per share for the quarter, up from their prior estimate of ($0.33). Jefferies Group also issued estimates for Arrowhead Research Corp.’s Q2 2017 earnings at ($0.34) EPS, Q3 2017 earnings at ($0.38) EPS, Q4 2017 earnings at ($0.42) EPS, FY2017 earnings at ($0.96) EPS, FY2018 earnings at ($1.18) EPS and FY2019 earnings at ($0.91) EPS.

A number of other brokerages have also commented on ARWR. Piper Jaffray Cos. cut their price objective on shares of Arrowhead Research Corp. from $13.00 to $8.00 and set an “overweight” rating on the stock in a report on Wednesday, August 10th. Chardan Capital set a $10.00 price objective on shares of Arrowhead Research Corp. and gave the stock a “buy” rating in a report on Thursday, September 29th. William Blair started coverage on shares of Arrowhead Research Corp. in a report on Friday, August 19th. They issued an “outperform” rating on the stock. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $15.00 price objective on shares of Arrowhead Research Corp. in a report on Thursday, September 29th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $10.11.

Arrowhead Research Corp. (NASDAQ:ARWR) opened at 7.04 on Friday. Arrowhead Research Corp. has a 12-month low of $3.07 and a 12-month high of $8.22. The stock’s market cap is $427.68 million. The company’s 50 day moving average price is $7.20 and its 200-day moving average price is $6.06.

Arrowhead Research Corp. (NASDAQ:ARWR) last released its quarterly earnings results on Tuesday, August 9th. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.37) by $0.05. Arrowhead Research Corp. had a negative return on equity of 100.50% and a negative net margin of 48,980.81%. The firm had revenue of $39.58 million for the quarter, compared to analyst estimates of $0.05 million. During the same quarter last year, the company posted ($0.27) earnings per share. The business’s revenue was down 68.0% on a year-over-year basis.

In other news, CFO Kenneth Allen Myszkowski sold 13,100 shares of the company’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $8.00, for a total value of $104,800.00. Following the sale, the chief financial officer now owns 128,789 shares in the company, valued at approximately $1,030,312. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.90% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in ARWR. Moors & Cabot Inc. increased its stake in shares of Arrowhead Research Corp. by 0.6% in the second quarter. Moors & Cabot Inc. now owns 36,270 shares of the company’s stock worth $190,000 after buying an additional 200 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Arrowhead Research Corp. by 1.2% in the second quarter. ProShare Advisors LLC now owns 52,038 shares of the company’s stock worth $277,000 after buying an additional 616 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of Arrowhead Research Corp. by 0.7% in the second quarter. California State Teachers Retirement System now owns 126,906 shares of the company’s stock worth $675,000 after buying an additional 852 shares in the last quarter. BlackRock Advisors LLC increased its stake in shares of Arrowhead Research Corp. by 4.6% in the second quarter. BlackRock Advisors LLC now owns 27,943 shares of the company’s stock worth $149,000 after buying an additional 1,232 shares in the last quarter. Finally, Nationwide Fund Advisors increased its stake in shares of Arrowhead Research Corp. by 4.6% in the second quarter. Nationwide Fund Advisors now owns 38,161 shares of the company’s stock worth $203,000 after buying an additional 1,684 shares in the last quarter. 33.92% of the stock is owned by institutional investors and hedge funds.

Arrowhead Research Corp. Company Profile

Related posts

Leave a Comment