Ionis Pharmaceuticals (IONS) Stock Price, News & Analysis

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ionis Pharmaceuticals in the last twelve months. There are currently 1 sell rating, 3 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" IONS shares.
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13 brokers have issued twelve-month target prices for Ionis Pharmaceuticals' shares. Their IONS share price targets range from $28.00 to $75.00. On average, they expect the company's stock price to reach $56.08 in the next twelve months. This suggests a possible upside of 36.4% from the stock's current price.
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Ionis Pharmaceuticals' stock was trading at $50.59 at the beginning of the year. Since then, IONS shares have decreased by 18.8% and is now trading at $41.10.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
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Ionis Pharmaceuticals, Inc. (NASDAQ:IONS) released its quarterly earnings results on Wednesday, February, 21st. The company reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates of ($0.78) by $0.72. The firm earned $325 million during the quarter, compared to analysts' expectations of $176.01 million. Ionis Pharmaceuticals had a negative trailing twelve-month return on equity of 90.29% and a negative net margin of 46.32%. The business's revenue was up 113.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.37) earnings per share.

ETFs with the largest weight of Ionis Pharmaceuticals (NASDAQ:IONS) stock in their portfolio include Morningstar US Small Growth (MSGR), ARK Genomic Revolution ETF (ARKG), First Trust NYSE Arca Biotechnology Index Fund (FBT), Horizon Kinetics Medical ETF (MEDX), Invesco Biotechnology & Genome ETF (PBE), Franklin Genomic Advancements ETF (HELX), Virtus LifeSci Biotech Products ETF (BBP) and Principal Healthcare Innovators ETF (BTEC).

Ionis Pharmaceuticals issued an update on its FY 2024 earnings guidance on Wednesday, February, 21st. The company provided EPS guidance of for the period. The company issued revenue guidance of $575.0 million-, compared to the consensus revenue estimate of $636.4 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ionis Pharmaceuticals investors own include Xtrackers California Municipal Bond ETF (CA), Micron Technology (MU), NVIDIA (NVDA), Gilead Sciences (GILD), Alibaba Group (BABA), Alnylam Pharmaceuticals (ALNY), Biogen (BIIB), BlackRock (BLK), Skyworks Solutions (SWKS) and Advanced Micro Devices (AMD).

Ionis Pharmaceuticals' stock is owned by many different institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.15%), International Assets Investment Management LLC (0.01%), Diversified Trust Co (0.00%), Handelsinvest Investeringsforvaltning (0.00%), Sunbelt Securities Inc. (0.00%) and Mather Group LLC. (0.00%). Insiders that own company stock include Allene M Diaz, B Lynne Parshall, Brett P Monia, Brian Birchler, C Frank Bennett, Elizabeth L Hougen, Eric Swayze, Eugene Schneider, Frederick T Muto, Joseph Baroldi, Joseph Klein III, Onaiza Cadoret-Manier, Patrick R O'neil and Spencer R Berthelsen.
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Shares of IONS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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