Acceleron Pharma Inc (NASDAQ:XLRN) CFO Kevin F. Mclaughlin sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $42.42, for a total transaction of $169,680.00. Following the completion of the transaction, the chief financial officer now owns 45,300 shares of the company’s stock, valued at $1,921,626. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Acceleron Pharma Inc (NASDAQ XLRN) opened at $44.20 on Tuesday. The company has a market cap of $1,988.98, a PE ratio of -17.07 and a beta of 1.59. Acceleron Pharma Inc has a fifty-two week low of $23.07 and a fifty-two week high of $46.93.

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Acceleron Pharma (NASDAQ:XLRN) last issued its quarterly earnings results on Tuesday, November 7th. The biopharmaceutical company reported ($0.65) EPS for the quarter, beating the consensus estimate of ($0.67) by $0.02. The company had revenue of $3.00 million for the quarter, compared to the consensus estimate of $3.52 million. Acceleron Pharma had a negative net margin of 759.34% and a negative return on equity of 40.70%. The firm’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.55) EPS. equities analysts expect that Acceleron Pharma Inc will post -2.65 EPS for the current year.

Hedge funds have recently modified their holdings of the business. Swiss National Bank grew its stake in Acceleron Pharma by 8.4% in the 2nd quarter. Swiss National Bank now owns 50,300 shares of the biopharmaceutical company’s stock worth $1,529,000 after acquiring an additional 3,900 shares in the last quarter. AXA bought a new position in Acceleron Pharma in the 2nd quarter worth about $9,833,000. Point72 Asset Management L.P. bought a new position in Acceleron Pharma in the 3rd quarter worth about $2,721,000. Fox Run Management L.L.C. boosted its stake in shares of Acceleron Pharma by 111.2% during the third quarter. Fox Run Management L.L.C. now owns 30,200 shares of the biopharmaceutical company’s stock valued at $1,127,000 after purchasing an additional 15,900 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Acceleron Pharma by 6.1% during the second quarter. Vanguard Group Inc. now owns 2,029,040 shares of the biopharmaceutical company’s stock valued at $61,663,000 after purchasing an additional 116,705 shares in the last quarter. Institutional investors and hedge funds own 85.62% of the company’s stock.

XLRN has been the subject of a number of recent research reports. HC Wainwright boosted their price objective on shares of Acceleron Pharma from $57.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. Oppenheimer reissued a “hold” rating on shares of Acceleron Pharma in a research report on Monday, December 11th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $55.00 target price on shares of Acceleron Pharma in a report on Thursday, January 18th. ValuEngine downgraded shares of Acceleron Pharma from a “hold” rating to a “sell” rating in a report on Friday, October 6th. Finally, Cann reaffirmed a “hold” rating on shares of Acceleron Pharma in a report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company’s stock. Acceleron Pharma presently has a consensus rating of “Buy” and an average target price of $44.81.

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Acceleron Pharma Company Profile

Acceleron Pharma Inc is a clinical-stage biopharmaceutical company. The Company is focused on the discovery, development and commercialization of therapeutics to treat serious and rare diseases. Its research focuses on key natural regulators of cellular growth and repair, particularly the Transforming Growth Factor-Beta (TGF-beta), protein superfamily.

Insider Buying and Selling by Quarter for Acceleron Pharma (NASDAQ:XLRN)

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