Alder BioPharmaceuticals (ALDR) Upgraded at BidaskClub

BidaskClub upgraded shares of Alder BioPharmaceuticals (NASDAQ:ALDR) from a sell rating to a hold rating in a research note released on Thursday morning.

ALDR has been the topic of a number of other research reports. Mizuho reaffirmed a buy rating and issued a $32.00 target price on shares of Alder BioPharmaceuticals in a research note on Friday, September 15th. ValuEngine raised Alder BioPharmaceuticals from a strong sell rating to a sell rating in a research note on Saturday, September 30th. Cowen started coverage on Alder BioPharmaceuticals in a research note on Tuesday, September 26th. They issued an outperform rating and a $20.00 target price on the stock. Canaccord Genuity started coverage on Alder BioPharmaceuticals in a research note on Thursday, October 26th. They issued a buy rating and a $20.00 target price on the stock. Finally, Royal Bank of Canada started coverage on Alder BioPharmaceuticals in a research note on Thursday, September 14th. They issued an outperform rating and a $17.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $27.71.

Shares of Alder BioPharmaceuticals (NASDAQ ALDR) traded down $0.45 during trading hours on Thursday, hitting $12.95. The stock had a trading volume of 1,198,400 shares, compared to its average volume of 1,202,400. The stock has a market cap of $877.50, a price-to-earnings ratio of -2.42 and a beta of 2.48. Alder BioPharmaceuticals has a fifty-two week low of $8.60 and a fifty-two week high of $25.45.

Alder BioPharmaceuticals (NASDAQ:ALDR) last posted its earnings results on Tuesday, November 7th. The biopharmaceutical company reported ($0.92) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.21) by $0.29. During the same period in the previous year, the business posted ($0.70) earnings per share. equities research analysts anticipate that Alder BioPharmaceuticals will post -5.14 earnings per share for the current fiscal year.

In other Alder BioPharmaceuticals news, insider Mark James Litton sold 16,520 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $12.33, for a total value of $203,691.60. Following the completion of the transaction, the insider now directly owns 116,452 shares in the company, valued at approximately $1,435,853.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 10.60% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of ALDR. Quantitative Systematic Strategies LLC acquired a new position in Alder BioPharmaceuticals in the 3rd quarter valued at $132,000. Legal & General Group Plc raised its holdings in Alder BioPharmaceuticals by 2.6% in the 2nd quarter. Legal & General Group Plc now owns 15,496 shares of the biopharmaceutical company’s stock valued at $177,000 after acquiring an additional 400 shares during the last quarter. SG Americas Securities LLC raised its holdings in Alder BioPharmaceuticals by 109.4% in the 2nd quarter. SG Americas Securities LLC now owns 15,580 shares of the biopharmaceutical company’s stock valued at $178,000 after acquiring an additional 8,140 shares during the last quarter. Jane Street Group LLC acquired a new position in Alder BioPharmaceuticals in the 3rd quarter valued at $184,000. Finally, Voya Investment Management LLC raised its holdings in Alder BioPharmaceuticals by 8.4% in the 2nd quarter. Voya Investment Management LLC now owns 22,304 shares of the biopharmaceutical company’s stock valued at $255,000 after acquiring an additional 1,734 shares during the last quarter. Institutional investors own 96.80% of the company’s stock.

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About Alder BioPharmaceuticals

Alder BioPharmaceuticals, Inc, is a clinical-stage biopharmaceutical company that discovers, develops and seeks to commercialize genetically engineered therapeutic antibodies with the potential to meaningfully transform current treatment paradigms. Alder’s lead pivotal-stage product candidate, eptinezumab, is being evaluated for migraine prevention.

Analyst Recommendations for Alder BioPharmaceuticals (NASDAQ:ALDR)

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