Dicerna Pharmaceuticals Inc (DRNA) Expected to Announce Earnings of -$0.56 Per Share

Equities analysts predict that Dicerna Pharmaceuticals Inc (NASDAQ:DRNA) will post ($0.56) earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for Dicerna Pharmaceuticals’ earnings. The highest EPS estimate is ($0.25) and the lowest is ($0.80). Dicerna Pharmaceuticals posted earnings of ($0.68) per share in the same quarter last year, which indicates a positive year over year growth rate of 17.6%. The business is scheduled to report its next quarterly earnings results on Thursday, March 29th.

Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Dicerna Pharmaceuticals.

Several research firms have recently issued reports on DRNA. Evercore ISI began coverage on Dicerna Pharmaceuticals in a report on Tuesday, January 16th. They set an “outperform” rating and a $14.00 price objective on the stock. ValuEngine upgraded Dicerna Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Zacks Investment Research cut Dicerna Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Friday, February 9th. Chardan Capital restated a “neutral” rating on shares of Dicerna Pharmaceuticals in a report on Tuesday, January 16th. Finally, BidaskClub cut Dicerna Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $10.05.

In other news, Director Bain Capital Life Sciences Inv bought 285,000 shares of Dicerna Pharmaceuticals stock in a transaction that occurred on Monday, December 18th. The shares were purchased at an average price of $7.00 per share, for a total transaction of $1,995,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 29.41% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of DRNA. Northern Trust Corp boosted its holdings in Dicerna Pharmaceuticals by 6.1% in the second quarter. Northern Trust Corp now owns 36,219 shares of the biopharmaceutical company’s stock valued at $114,000 after acquiring an additional 2,094 shares during the last quarter. Endurant Capital Management LP acquired a new position in Dicerna Pharmaceuticals in the fourth quarter valued at $170,000. Birchview Capital LP boosted its holdings in Dicerna Pharmaceuticals by 125.0% in the third quarter. Birchview Capital LP now owns 45,000 shares of the biopharmaceutical company’s stock valued at $259,000 after acquiring an additional 25,000 shares during the last quarter. Emerald Advisers Inc. PA acquired a new position in Dicerna Pharmaceuticals in the fourth quarter valued at $266,000. Finally, EAM Investors LLC acquired a new position in Dicerna Pharmaceuticals in the fourth quarter valued at $581,000. Hedge funds and other institutional investors own 24.60% of the company’s stock.

Shares of Dicerna Pharmaceuticals (NASDAQ DRNA) opened at $12.49 on Friday. Dicerna Pharmaceuticals has a fifty-two week low of $2.52 and a fifty-two week high of $12.53. The stock has a market capitalization of $674.15, a price-to-earnings ratio of -3.64 and a beta of 2.75.

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Dicerna Pharmaceuticals Company Profile

Dicerna Pharmaceuticals, Inc is a ribonucleic acid (RNA) interference-based biopharmaceutical company. The Company operates in the segment of discovery, research and development of treatments based on its RNA interference (RNAi) technology platform. The Company is focused on the discovery and development of treatments for rare inherited diseases involving the liver and for cancers that are genetically defined.

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