Ironwood Pharmaceuticals, Inc. (IRWD) Earns Neutral Rating from Wedbush

Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD)‘s stock had its “neutral” rating restated by Wedbush in a note issued to investors on Friday. They currently have a $13.00 target price on the stock. Wedbush’s price objective indicates a potential downside of 23.44% from the company’s current price.

Other analysts also recently issued reports about the stock. Cowen and Company set a $16.00 target price on shares of Ironwood Pharmaceuticals and gave the company a “buy” rating in a research note on Saturday, January 21st. Mizuho reaffirmed a “buy” rating and issued a $21.00 price target on shares of Ironwood Pharmaceuticals in a research note on Thursday. Zacks Investment Research downgraded shares of Ironwood Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Wednesday, January 11th. Finally, J P Morgan Chase & Co set a $21.00 price target on shares of Ironwood Pharmaceuticals and gave the stock a “buy” rating in a research note on Thursday, February 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $16.09.

Analyst Recommendations for Ironwood Pharmaceuticals (NASDAQ:IRWD)

Shares of Ironwood Pharmaceuticals (NASDAQ:IRWD) traded down 0.77% on Friday, reaching $16.85. The company had a trading volume of 181,067 shares. The stock’s market capitalization is $2.46 billion. The company has a 50 day moving average price of $15.42 and a 200 day moving average price of $14.86. Ironwood Pharmaceuticals has a 52-week low of $8.18 and a 52-week high of $17.24.

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In related news, Director Lawrence S. Olanoff sold 3,200 shares of the company’s stock in a transaction on Monday, December 5th. The shares were sold at an average price of $15.68, for a total value of $50,176.00. Following the completion of the sale, the director now directly owns 26,105 shares in the company, valued at $409,326.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Halley E. Gilbert sold 37,385 shares of the company’s stock in a transaction on Tuesday, February 14th. The stock was sold at an average price of $16.75, for a total transaction of $626,198.75. Following the completion of the sale, the insider now owns 37,385 shares of the company’s stock, valued at $626,198.75. The disclosure for this sale can be found here. Insiders sold 106,572 shares of company stock valued at $1,710,391 over the last quarter. 7.17% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of IRWD. Adage Capital Partners GP L.L.C. boosted its stake in shares of Ironwood Pharmaceuticals by 185.5% in the third quarter. Adage Capital Partners GP L.L.C. now owns 5,424,600 shares of the company’s stock worth $86,143,000 after buying an additional 3,524,600 shares in the last quarter. Rubric Capital Management LP acquired a new stake in shares of Ironwood Pharmaceuticals during the fourth quarter worth about $19,495,000. State Street Corp boosted its stake in shares of Ironwood Pharmaceuticals by 10.6% in the fourth quarter. State Street Corp now owns 3,791,359 shares of the company’s stock worth $57,972,000 after buying an additional 363,423 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Ironwood Pharmaceuticals during the fourth quarter worth about $5,091,000. Finally, Vanguard Group Inc. boosted its stake in shares of Ironwood Pharmaceuticals by 3.1% in the second quarter. Vanguard Group Inc. now owns 9,379,525 shares of the company’s stock worth $122,637,000 after buying an additional 281,658 shares in the last quarter. Hedge funds and other institutional investors own 96.01% of the company’s stock.

About Ironwood Pharmaceuticals

Ironwood Pharmaceuticals, Inc is a biotechnology company. The Company’s products Linaclotide provides patients and healthcare practitioners with a treatment option for adults in the United States and certain other countries with irritable bowel syndrome with constipation (IBS-C), chronic idiopathic constipation (CIC) and gastrointestinal (GI) disorders.

5 Day Chart for NASDAQ:IRWD

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