Aclaris Therapeutics (NASDAQ:ACRS) had its target price decreased by Leerink Swann from $54.00 to $52.00 in a report released on Wednesday morning, MarketBeat reports. Leerink Swann currently has an outperform rating on the biotechnology company’s stock.
Several other analysts also recently commented on ACRS. Cantor Fitzgerald set a $50.00 price objective on shares of Aclaris Therapeutics and gave the company a buy rating in a research report on Monday, March 19th. BidaskClub upgraded shares of Aclaris Therapeutics from a sell rating to a hold rating in a research report on Friday, December 29th. Zacks Investment Research upgraded shares of Aclaris Therapeutics from a sell rating to a hold rating in a research report on Monday, February 19th. Finally, Guggenheim began coverage on shares of Aclaris Therapeutics in a research report on Thursday, February 8th. They set a buy rating and a $53.00 price objective on the stock. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $43.50.
Shares of ACRS stock opened at $17.52 on Wednesday. Aclaris Therapeutics has a one year low of $16.75 and a one year high of $33.10.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC purchased a new position in Aclaris Therapeutics during the third quarter valued at $142,000. Teacher Retirement System of Texas purchased a new position in Aclaris Therapeutics during the fourth quarter valued at $200,000. Trexquant Investment LP purchased a new position in Aclaris Therapeutics during the third quarter valued at $247,000. MetLife Investment Advisors LLC purchased a new position in Aclaris Therapeutics during the fourth quarter valued at $244,000. Finally, Millennium Management LLC purchased a new position in Aclaris Therapeutics during the fourth quarter valued at $291,000. 92.19% of the stock is owned by institutional investors.
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Aclaris Therapeutics Company Profile
Aclaris Therapeutics, Inc is a dermatologist-led, biopharmaceutical company. The Company is focused on identifying, developing and commercializing differentiated drugs for the treatment of dermatological indications. The Company is also focused on the discovery and development of kinase inhibitors to treat inflammatory and immunological disorders and cancer.
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