Allakos Inc. (NASDAQ:ALLK) shares traded 3.21% higher at $4.50 on Wall Street last session.
In accordance with the data, 8 analysts cover Allakos Inc. (NASDAQ:ALLK). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $22.00 and a low of $2.50, we find $6.00. Given the previous closing price of $4.36, this indicates a potential upside of 37.61 percent. ALLK stock price is now -2.11% away from the 50-day moving average and -23.98% away from the 200-day moving average. The market capitalization of the company currently stands at $395.06M.
It has been rated a hold by 4 analysts and a buy by 2. Brokers who have rated the stock have averaged $8.25 as their price target over the next twelve months.
With the price target enhanced from $6 to $9, Jefferies Upgraded its rating from Hold to Buy for Allakos Inc. (NASDAQ: ALLK).
In other news, Walker Paul Edward, Director bought 3,984,000 shares of the company’s stock on Sep 21. The stock was bought for $19,999,680 at an average price of $5.02. Upon completion of the transaction, the Director now directly owns 3,386,400 shares in the company, valued at $15.24 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 21, Director JANNEY DANIEL bought 475,000 shares of the business’s stock. A total of $2,384,500 was incurred on buying the stock at an average price of $5.02. This leaves the insider owning 2,546,147 shares of the company worth $11.46 million. Insiders disposed of 302,727 shares of company stock worth roughly $1.36 million over the past 1 year. A total of 2.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ALLK stock. A new stake in Allakos Inc. shares was purchased by HRT FINANCIAL LP during the first quarter worth $1,308,000. ADAGE CAPITAL PARTNERS GP, L.L.C. invested $766,000 in shares of ALLK during the first quarter. In the first quarter, SQUAREPOINT OPS LLC acquired a new stake in Allakos Inc. valued at approximately $569,000. BANK OF MONTREAL /CAN/ acquired a new stake in ALLK for approximately $531,000. PROFUND ADVISORS LLC purchased a new stake in ALLK valued at around $299,000 in the second quarter. In total, there are 174 active investors with 87.20% ownership of the company’s stock.
Allakos Inc. (NASDAQ: ALLK) opened at $4.3500 on Monday. During the past 12 months, Allakos Inc. has had a low of $2.92 and a high of $8.73. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 9.60, and a quick ratio of 9.60. The fifty day moving average price for ALLK is $4.5968 and a two-hundred day moving average price translates $5.9196 for the stock.
The latest earnings results from Allakos Inc. (NASDAQ: ALLK) was released for Mar, 2023.
