Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in Denali Therapeutics Inc (NASDAQ:DNLI) by 6.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,748 shares of the company’s stock after selling 688 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Denali Therapeutics were worth $226,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in Denali Therapeutics by 232.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 203,696 shares of the company’s stock worth $4,428,000 after purchasing an additional 142,500 shares during the period. Jane Street Group LLC acquired a new stake in shares of Denali Therapeutics in the 3rd quarter valued at $218,000. Man Group plc acquired a new stake in shares of Denali Therapeutics in the 3rd quarter valued at $228,000. Teachers Advisors LLC lifted its stake in shares of Denali Therapeutics by 166.2% in the 3rd quarter. Teachers Advisors LLC now owns 92,671 shares of the company’s stock valued at $2,015,000 after purchasing an additional 57,863 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its stake in shares of Denali Therapeutics by 101.4% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 72,701 shares of the company’s stock valued at $1,581,000 after purchasing an additional 36,599 shares during the last quarter. Institutional investors own 71.41% of the company’s stock.
Several equities research analysts recently issued reports on DNLI shares. ValuEngine lowered shares of Denali Therapeutics from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 29th. Cantor Fitzgerald lowered shares of Denali Therapeutics from an “overweight” rating to a “neutral” rating and set a $25.00 price objective for the company. in a research note on Tuesday, January 29th. Finally, Zacks Investment Research raised shares of Denali Therapeutics from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Tuesday, April 9th.
Shares of DNLI opened at $20.68 on Friday. The firm has a market capitalization of $2.06 billion, a P/E ratio of -53.03 and a beta of 2.03. Denali Therapeutics Inc has a one year low of $12.32 and a one year high of $28.86. The company has a current ratio of 11.55, a quick ratio of 11.55 and a debt-to-equity ratio of 0.14.
Denali Therapeutics (NASDAQ:DNLI) last announced its earnings results on Wednesday, May 8th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.40) by ($0.01). The firm had revenue of $4.21 million during the quarter, compared to the consensus estimate of $12.88 million. Denali Therapeutics had a negative return on equity of 10.23% and a negative net margin of 38.84%. On average, research analysts expect that Denali Therapeutics Inc will post -1.42 EPS for the current fiscal year.
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Denali Therapeutics Company Profile
Denali Therapeutics Inc, a biopharmaceutical company, discovers and develops therapeutic candidates for neurodegenerative diseases in the United States. The company offers leucine-rich repeat kinase 2 (LRRK2) inhibitor product candidates, including DNL201 and DNL151, which are in Phase 1 clinical trials for Parkinson's disease.
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