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Design Therapeutics (NASDAQ:DSGN) Earns Sell (D-) Rating from Weiss Ratings

Design Therapeutics logo with Medical background

Key Points

  • Design Therapeutics has been assigned a "sell (D-)" rating by Weiss Ratings, indicating negative sentiment towards the stock's performance.
  • Despite the poor rating, shares of Design Therapeutics saw a slight increase of 0.5%, closing at $5.73 with a market cap of $326.32 million.
  • Institutional investors hold 56.64% of the company's stock, with significant stakes being added by hedge funds like Nuveen LLC and American Century Companies Inc. in recent quarters.
  • Interested in Design Therapeutics? Here are five stocks we like better.

Design Therapeutics (NASDAQ:DSGN - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by equities researchers at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

Design Therapeutics Stock Up 0.5%

Shares of DSGN traded up $0.03 during mid-day trading on Friday, hitting $5.73. 86,493 shares of the company's stock were exchanged, compared to its average volume of 202,881. Design Therapeutics has a 52 week low of $2.60 and a 52 week high of $7.77. The stock's 50-day simple moving average is $6.03 and its 200-day simple moving average is $4.63. The firm has a market cap of $326.32 million, a price-to-earnings ratio of -5.12 and a beta of 1.68.

Design Therapeutics (NASDAQ:DSGN - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.02). Analysts forecast that Design Therapeutics will post -0.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DSGN. Nuveen LLC bought a new position in Design Therapeutics in the first quarter valued at approximately $568,000. American Century Companies Inc. increased its stake in Design Therapeutics by 13.5% in the first quarter. American Century Companies Inc. now owns 44,415 shares of the company's stock valued at $171,000 after acquiring an additional 5,300 shares during the last quarter. Wellington Management Group LLP bought a new position in Design Therapeutics in the first quarter valued at approximately $546,000. Driehaus Capital Management LLC increased its stake in Design Therapeutics by 17.7% in the first quarter. Driehaus Capital Management LLC now owns 913,399 shares of the company's stock valued at $3,526,000 after acquiring an additional 137,317 shares during the last quarter. Finally, Velan Capital Investment Management LP bought a new position in Design Therapeutics in the first quarter valued at approximately $54,000. 56.64% of the stock is owned by institutional investors.

Design Therapeutics Company Profile

(Get Free Report)

Design Therapeutics, Inc a biopharmaceutical company, researches, designs, develops, and commercializes small molecule therapeutic drugs for the treatment of genetic diseases in the United States. The company utilizes its GeneTAC platform to design and develop therapeutic candidates for inherited diseases caused by nucleotide repeat expansion.

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