Zacks Investment Research downgraded shares of Achieve Life Sciences (NASDAQ:ACHV) from a buy rating to a hold rating in a report issued on Tuesday.
According to Zacks, “Achieve Life Sciences Inc. is a pharmaceutical company. It develops and commercializes cytisine treatment to help people battling nicotine addiction. The Company’s product candidates include Custirsen, Apatorsen and OGX-225. Achieve Life Sciences Inc., formerly known as OncoGenex Pharmaceuticals Inc., is based in Bothell, United States. “
Shares of ACHV stock opened at $1.23 on Tuesday. The company has a market cap of $8.87 million, a P/E ratio of -0.06 and a beta of 2.00. Achieve Life Sciences has a 12 month low of $1.04 and a 12 month high of $32.00.
A number of hedge funds and other institutional investors have recently bought and sold shares of ACHV. Dimensional Fund Advisors LP purchased a new stake in Achieve Life Sciences in the 3rd quarter worth approximately $116,000. Renaissance Technologies LLC lifted its stake in Achieve Life Sciences by 206.3% in the 3rd quarter. Renaissance Technologies LLC now owns 167,061 shares of the biopharmaceutical company’s stock worth $526,000 after purchasing an additional 112,525 shares in the last quarter. Sio Capital Management LLC purchased a new stake in Achieve Life Sciences in the 3rd quarter worth approximately $523,000. Worth Venture Partners LLC purchased a new stake in Achieve Life Sciences in the 3rd quarter worth approximately $101,000. Finally, Vanguard Group Inc lifted its stake in Achieve Life Sciences by 169.3% in the 3rd quarter. Vanguard Group Inc now owns 35,468 shares of the biopharmaceutical company’s stock worth $112,000 after purchasing an additional 22,299 shares in the last quarter. Institutional investors and hedge funds own 12.53% of the company’s stock.
Achieve Life Sciences Company Profile
Achieve Life Sciences, Inc, a clinical-stage pharmaceutical company, develops and commercializes smoking cessation aids in the United States and internationally. The company offers Cytisine, a plant-based alkaloid that interacts with nicotine receptors in the brain to help reduce the severity of nicotine withdrawal symptoms.
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