Allena Pharmaceuticals (ALNA) Earns “Outperform” Rating from Wedbush

Wedbush reaffirmed their outperform rating on shares of Allena Pharmaceuticals (NASDAQ:ALNA) in a research note released on Wednesday morning. The brokerage currently has a $37.00 target price on the stock. Wedbush also issued estimates for Allena Pharmaceuticals’ Q1 2018 earnings at ($0.38) EPS, Q2 2018 earnings at ($0.38) EPS, FY2018 earnings at ($1.50) EPS, FY2019 earnings at ($1.91) EPS, FY2020 earnings at ($2.12) EPS and FY2021 earnings at ($2.61) EPS.

Several other research analysts have also recently weighed in on ALNA. ValuEngine raised shares of Allena Pharmaceuticals from a strong sell rating to a sell rating in a report on Friday, February 2nd. Zacks Investment Research cut Allena Pharmaceuticals from a hold rating to a sell rating in a research note on Tuesday, February 13th. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the stock. Allena Pharmaceuticals presently has a consensus rating of Hold and a consensus price target of $26.67.

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Allena Pharmaceuticals stock opened at $11.02 on Wednesday. The firm has a market capitalization of $228.07 and a PE ratio of -2.30. Allena Pharmaceuticals has a fifty-two week low of $6.13 and a fifty-two week high of $15.40. The company has a current ratio of 12.74, a quick ratio of 4.83 and a debt-to-equity ratio of 0.07.

Allena Pharmaceuticals (NASDAQ:ALNA) last released its quarterly earnings results on Tuesday, March 27th. The company reported ($0.48) earnings per share for the quarter, topping the consensus estimate of ($0.54) by $0.06. sell-side analysts anticipate that Allena Pharmaceuticals will post -1.5 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ALNA. Frazier Management LLC bought a new position in Allena Pharmaceuticals in the fourth quarter valued at $33,504,000. Sphera Funds Management LTD. bought a new position in Allena Pharmaceuticals in the fourth quarter valued at $3,270,000. Perceptive Advisors LLC bought a new position in Allena Pharmaceuticals in the fourth quarter valued at $2,515,000. BlackRock Inc. bought a new position in Allena Pharmaceuticals in the fourth quarter valued at $2,281,000. Finally, Goldman Sachs Group Inc. bought a new position in Allena Pharmaceuticals in the fourth quarter valued at $499,000. 84.21% of the stock is currently owned by institutional investors and hedge funds.

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Allena Pharmaceuticals Company Profile

Allena Pharmaceuticals, Inc is a biopharmaceutical company. The Company is focused on developing and commercializing non-systemic oral protein therapeutics to treat metabolic and orphan diseases, with a particular focus on nephrologic and urologic conditions. Its lead product candidate, ALLN-177, is in an ongoing Phase II clinical trial and is being developed for the chronic management of hyperoxaluria and kidney stones.

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