Shares of Arrowhead Pharmaceuticals, Inc. (NASDAQ:ARWR – Get Rating) have earned a consensus rating of "Moderate Buy" from the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $59.22.

Several research firms recently commented on ARWR. SVB Leerink cut their price target on Arrowhead Pharmaceuticals from $33.00 to $31.00 and set a "market perform" rating on the stock in a research note on Tuesday, November 29th. Chardan Capital cut their price target on Arrowhead Pharmaceuticals from $82.00 to $60.00 in a research note on Tuesday, January 10th. Piper Sandler cut their price target on Arrowhead Pharmaceuticals from $64.00 to $55.00 in a research note on Monday, January 9th. The Goldman Sachs Group reiterated a "buy" rating and issued a $66.00 price target (up previously from $65.00) on shares of Arrowhead Pharmaceuticals in a research note on Wednesday, November 30th. Finally, Jefferies Financial Group cut their price target on Arrowhead Pharmaceuticals from $92.00 to $75.00 and set a "buy" rating on the stock in a research note on Tuesday, November 29th.

Insider Buying and Selling at Arrowhead Pharmaceuticals

In other Arrowhead Pharmaceuticals news, Director William D. Waddill sold 3,200 shares of the company's stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $30.00, for a total transaction of $96,000.00. Following the sale, the director now owns 28,950 shares in the company, valued at $868,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director William D. Waddill sold 3,200 shares of the stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $30.00, for a total transaction of $96,000.00. Following the sale, the director now directly owns 28,950 shares in the company, valued at approximately $868,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Martin Javier San sold 19,500 shares of the stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $29.99, for a total value of $584,805.00. Following the sale, the insider now owns 91,500 shares in the company, valued at $2,744,085. The disclosure for this sale can be found here. Insiders have sold 109,966 shares of company stock worth $4,050,435 over the last quarter. 3.20% of the stock is owned by corporate insiders.

Institutional Trading of Arrowhead Pharmaceuticals

Arrowhead Pharmaceuticals Price Performance

Shares of NASDAQ ARWR opened at $36.82 on Tuesday. Arrowhead Pharmaceuticals has a 1-year low of $26.81 and a 1-year high of $58.96. The business has a 50-day moving average of $33.74 and a 200-day moving average of $36.71. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of -21.92 and a beta of 1.26.

Arrowhead Pharmaceuticals (NASDAQ:ARWR – Get Rating) last issued its earnings results on Monday, November 28th. The biotechnology company reported ($0.81) earnings per share for the quarter, missing the consensus estimate of ($0.57) by ($0.24). Arrowhead Pharmaceuticals had a negative return on equity of 40.23% and a negative net margin of 71.01%. The company had revenue of $31.58 million during the quarter, compared to analysts' expectations of $107.60 million. Research analysts expect that Arrowhead Pharmaceuticals will post -0.59 EPS for the current fiscal year.

About Arrowhead Pharmaceuticals

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Arrowhead Pharmaceuticals, Inc develops medicines for the treatment of intractable diseases in the United States. The company's products in pipeline includes ARO-AAT, a RNA interference (RNAi) therapeutic candidate that is in phase II clinical trial for the treatment of liver diseases associated with alpha-1 antitrypsin deficiency; ARO-APOC3, which is in phase 2b and one phase 3 clinical trial to treat hypertriglyceridemia; ARO-ANG3 that is in phase 2b clinical trial for the treatment of dyslipidemia; ARO-HSD, which is completed phase 1/2 clinical trial to treat liver diseases; ARO-ENaC2, which is in pre-clinical stage for the treatment of dyslipidemia cystic fibrosis; ARO-C3 that is in phase 1/2a clinical trial to reduce production of complement component 3; ARO-DUX4, which is in pre-clinical stage for the treatment of facioscapulohumeral muscular dystrophy; ARO-XDH that is in phase 1 clinical trial to treat uncontrolled gout; ARO-COV, which is in pre-clinical stage for the treatment of COVID-19; ARO-RAGE, which is in phase 1/2a clinical trial to treat muco-obstructive or inflammatory pulmonary conditions; and ARO-MMP7 that is in phase 1/2a clinical trial for treatment of idiopathic pulmonary fibrosis.

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