Acelyrin (NASDAQ:SLRN – Get Free Report)‘s stock had its “neutral” rating restated by research analysts at HC Wainwright in a research report issued on Wednesday,Benzinga reports. They presently have a $8.00 price target on the stock. HC Wainwright’s price target would indicate a potential upside of 97.04% from the company’s current price.
Other equities analysts also recently issued research reports about the company. Morgan Stanley lowered their price target on Acelyrin from $13.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Monday, August 19th. Wells Fargo & Company boosted their target price on Acelyrin from $13.00 to $15.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Finally, Piper Sandler decreased their price objective on shares of Acelyrin from $68.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, August 14th.
View Our Latest Stock Report on SLRN
Acelyrin Price Performance
Institutional Trading of Acelyrin
Several institutional investors have recently added to or reduced their stakes in SLRN. Millennium Management LLC lifted its holdings in shares of Acelyrin by 15.7% during the second quarter. Millennium Management LLC now owns 4,642,056 shares of the company’s stock worth $20,471,000 after buying an additional 628,528 shares in the last quarter. Blue Owl Capital Holdings LP increased its position in Acelyrin by 3.5% during the second quarter. Blue Owl Capital Holdings LP now owns 2,926,028 shares of the company’s stock worth $12,904,000 after acquiring an additional 100,000 shares during the period. Geode Capital Management LLC raised its stake in Acelyrin by 30.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,651,614 shares of the company’s stock worth $8,144,000 after purchasing an additional 388,631 shares in the last quarter. State Street Corp boosted its holdings in Acelyrin by 10.0% in the 3rd quarter. State Street Corp now owns 1,273,096 shares of the company’s stock valued at $6,276,000 after purchasing an additional 116,094 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Acelyrin by 81.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 609,678 shares of the company’s stock worth $3,006,000 after purchasing an additional 273,604 shares in the last quarter. 87.31% of the stock is currently owned by institutional investors.
Acelyrin Company Profile
Acelyrin, Inc, a clinical biopharma company, focuses on identifying, acquiring, and accelerating the development and commercialization of transformative medicines. The company's lead product candidate is izokibep, a small protein therapeutic designed to inhibit IL-17A with high potency, which is in Phase 3 clinical trials for use in the treatment of Hidradenitis Suppurativa, Psoriatic Arthritis, and uveitis, as well as in Phase 2 clinical trials for use in the treatment of Axial Spondyloarthritis.
Featured Stories
- Five stocks we like better than Acelyrin
- Most Volatile Stocks, What Investors Need to Know
- C3.ai Stock Surges on Strong Sales Despite Profit Concerns
- Business Services Stocks Investing
- Why Betting on Oil Over Gold Could Pay Off Big in 2025
- High Dividend REITs: Are They an Ideal Way to Diversify?
- Why MongoDB’s Drop Could Be Your Best Buy Opportunity for 2025
Receive News & Ratings for Acelyrin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acelyrin and related companies with MarketBeat.com's FREE daily email newsletter.