Array BioPharma Inc. (NASDAQ:ARRY) Price Target Raised to $15.00

Its last month's stock price volatility remained 3.63% which for the week stands at 7.01%. "(ARRY) Rating Reiterated by Jefferies Group LLC" was originally posted by Week Herald and is the sole property of of Week Herald.

Array BioPharma Inc. has a consensus outperform rating from 9 Wall Street analysts, and the number of shares now sold short amount to at least 12.41% of shares outstanding. BidaskClub raised shares of Array BioPharma from a "strong sell" rating to a "sell" rating in a research note on Thursday, June 22nd.

WARNING: "Brokerages Set Array BioPharma Inc". Analysts have placed a $15 price target on Array BioPharma Inc., suggesting a 32.51% gain from recent close. Finally, Cantor Fitzgerald reiterated a buy rating and set a $13.00 price target on shares of Array BioPharma in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have given a buy recommendation to the company. (NASDAQ:ARRY) traded down -0.27% in the last session while performance was up 11.29% in the last five days. The volume of KO witnessed a shift from 6.42 million shares, based on a 50-day average, to 9.51 million shares. Array Biopharma has a 12-month low of $2.60 and a 12-month high of $13.40. The firm now has $9.88 price target on the biopharmaceutical company's stock. The share price has moved forward from its 20 days moving average, trading at a distance of 9.02% and stays 23.54% away from its 50 days moving average.

Array BioPharma (NASDAQ:ARRY) last released its earnings results on Wednesday, August 9th. The biopharmaceutical company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.18) by $0.04. Its revenue totaled $28.6 million down -14.06% from the previous quarter. Array BioPharma had a negative net margin of 77.44% and a negative return on equity of 1,187.18%. The company's revenue was down 21.8% compared to the same quarter a year ago. ValuEngine upgraded shares of Array BioPharma from a sell rating to a hold rating in a research note on Friday, June 2nd. On average, analysts predict that Array BioPharma will post ($0.99) EPS for the current year. If you are accessing this story on another domain, it was illegally copied and republished in violation of U.S. & global copyright & trademark legislation. If you are accessing this report on another domain, it was copied illegally and reposted in violation of USA and worldwide trademark and copyright laws.

Let's have a look at some of the important valuation ratios of the Array BioPharma Inc.

Point72 Asset Management, L.p. added to its position by buying 1,906,000 shares an increase of 381.2% from 03/31/2017 to 06/30/2017. Marshall Wace North America L.P. now owns 677,109 shares of the biopharmaceutical company's stock valued at $5,417,000 after purchasing an additional 29,543 shares during the period.

As of quarter end First Light Asset Management, LLC had bought 5,297 shares growing its holdings by 0.9%. Its last month's stock price volatility remained 1.75% which for the week approaches 1.52%.

Shares of Array Biopharma (NASDAQ:ARRY) opened at 8.48 on Monday. Teacher Retirement System of Texas now owns 12,737 shares of the biopharmaceutical company's stock worth $107,000 after purchasing an additional 972 shares during the last quarter. Nationwide Fund Advisors increased its stake in Array Biopharma by 40.2% in the third quarter. Venbio Select Advisor LLC grew its ownership by buying 100,000 shares an increase of 25.0%.

The Coca-Cola Company (NYSE:KO) slipped over -0.26% at $45.57, after hitting low of $45.56 in an intra-day trade. Hedge funds and other institutional investors own 87.04% of the company's stock.

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