HC Wainwright & Co. Reiterates Aclaris Therapeutics (ACRS) Buy Recommendation

Fintel reports that on October 4, 2023, HC Wainwright & Co. reiterated coverage of Aclaris Therapeutics (NASDAQ:ACRS) with a Buy recommendation.

Analyst Price Forecast Suggests 374.56% Upside

As of August 31, 2023, the average one-year price target for Aclaris Therapeutics is 29.71. The forecasts range from a low of 16.16 to a high of $45.15. The average price target represents an increase of 374.56% from its latest reported closing price of 6.26.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Aclaris Therapeutics is 7MM, a decrease of 77.93%. The projected annual non-GAAP EPS is -1.68.

What is the Fund Sentiment?

There are 310 funds or institutions reporting positions in Aclaris Therapeutics. This is a decrease of 17 owner(s) or 5.20% in the last quarter. Average portfolio weight of all funds dedicated to ACRS is 0.19%, an increase of 11.22%. Total shares owned by institutions decreased in the last three months by 0.08% to 75,216K shares. ACRS / Aclaris Therapeutics Inc Put/Call Ratios The put/call ratio of ACRS is 0.68, indicating a bullish outlook.

What are Other Shareholders Doing?

ACRS / Aclaris Therapeutics Inc Shares Held by Institutions

Wellington Management Group Llp holds 7,638K shares representing 10.79% ownership of the company. In it's prior filing, the firm reported owning 7,373K shares, representing an increase of 3.47%. The firm increased its portfolio allocation in ACRS by 26.72% over the last quarter.

Ra Capital Management holds 4,398K shares representing 6.21% ownership of the company. No change in the last quarter.

Rock Springs Capital Management holds 3,962K shares representing 5.60% ownership of the company. No change in the last quarter.

Bain Capital Life Sciences Investors holds 3,400K shares representing 4.80% ownership of the company. No change in the last quarter.

Bvf holds 3,361K shares representing 4.75% ownership of the company. No change in the last quarter.

Aclaris Therapeutics Background Information
(This description is provided by the company.)

Aclaris Therapeutics, Inc. is a clinical-stage biopharmaceutical company developing a pipeline of novel drug candidates to address the needs of patients with immuno-inflammatory diseases who lack satisfactory treatment options. The company has a multi-stage portfolio of drug candidates powered by a robust R&D engine exploring protein kinase regulation.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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