H.C. Wainwright Maintains a Buy Rating on Dicerna Pharma (DRNA)

By Jason Carr

H.C. Wainwright analyst Ed Arce maintained a Buy rating on Dicerna Pharma (DRNAResearch Report) today and set a price target of $32.00. The company’s shares closed last Thursday at $22.85.

According to TipRanks.com, Arce is a 5-star analyst with an average return of 17.2% and a 43.1% success rate. Arce covers the Healthcare sector, focusing on stocks such as Entasis Therapeutics Holdings, Madrigal Pharmaceuticals, and Aurinia Pharmaceuticals.

Currently, the analyst consensus on Dicerna Pharma is a Strong Buy with an average price target of $34.14, implying a 53.2% upside from current levels. In a report released today, Chardan Capital also reiterated a Buy rating on the stock with a $25.00 price target.

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The company has a one-year high of $27.69 and a one-year low of $10.70. Currently, Dicerna Pharma has an average volume of 657.7K.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DRNA in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Dicerna Pharmaceuticals, Inc. is a biopharmaceutical company, which engages in the discovery and development of treatments for rare diseases, chronic liver diseases, cardiovascular disease, and viral liver infectious diseases. The firm uses its proprietary GalXC RNAi technology platform to build a pipeline in these therapeutic areas. The company was founded by Douglas M. Fambrough III, Mark A. Behlke, Roberto Guerciolini, James Craig Jenson and John J. Rossi in 2007 and is headquartered in Watertown, MA.