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NASDAQ:XLRNAcceleron Pharma Stock Price, Forecast & News

$92.20
-0.68 (-0.73 %)
(As of 08/12/2020 04:00 PM ET)
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Today's Range
$91.45
Now: $92.20
$94.09
50-Day Range
$92.88
MA: $101.18
$110.25
52-Week Range
$37.60
Now: $92.20
$110.75
Volume352,356 shs
Average Volume683,553 shs
Market Capitalization$5.52 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.75
Acceleron Pharma Inc., a clinical stage biopharmaceutical company, focuses on the discovery, development, and commercialization of therapeutics to treat serious and rare diseases. Its therapeutic candidates include luspatercept, which is in Phase III clinical trials for the treatment of myelodysplastic syndromes and beta-thalassemia; Phase II clinical trials for the treatment of patients with transfusion-dependent beta-thalassemia and myelofibrosis. The company is also developing and sotatercept for the treatment of patients with pulmonary arterial hypertension. In addition, the company is developing ACE-083, a neuromuscular candidate that is in Phase II clinical trials for the treatment of patients with facioscapulohumeral dystrophy and Charcot-Marie-Tooth disease; and ACE-2494, which is in Phase I clinical trials for the treatment of systemic muscle disorders. It has a collaboration, license, and option agreement with Celgene Corporation. The company was formerly known as Phoenix Pharma, Inc. Acceleron Pharma Inc. was founded in 2003 and is headquartered in Cambridge, Massachusetts.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.4Community Rank: 3.0Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.28 out of 5 stars


Industry, Sector and Symbol

Industry Biological products, except diagnostic
Sub-IndustryN/A
SectorMedical
Current SymbolNASDAQ:XLRN
CUSIPN/A
Phone617-649-9200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$73.99 million
Book Value$8.47 per share

Profitability

Net Income$-124,860,000.00
Net Margins-157.84%

Miscellaneous

Employees173
Market Cap$5.52 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$92.20
-0.68 (-0.73 %)
(As of 08/12/2020 04:00 PM ET)
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Acceleron Pharma (NASDAQ:XLRN) Frequently Asked Questions

How has Acceleron Pharma's stock price been impacted by Coronavirus?

Acceleron Pharma's stock was trading at $84.39 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, XLRN stock has increased by 9.3% and is now trading at $92.20.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Acceleron Pharma?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Acceleron Pharma in the last year. There are currently 1 sell rating, 1 hold rating and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Acceleron Pharma
.

When is Acceleron Pharma's next earnings date?

Acceleron Pharma is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Acceleron Pharma
.

How were Acceleron Pharma's earnings last quarter?

Acceleron Pharma Inc (NASDAQ:XLRN) issued its earnings results on Thursday, August, 6th. The biopharmaceutical company reported ($0.34) earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.55) by $0.21. The biopharmaceutical company had revenue of $39.75 million for the quarter, compared to analysts' expectations of $30.08 million. Acceleron Pharma had a negative return on equity of 31.25% and a negative net margin of 157.84%. Acceleron Pharma's revenue for the quarter was up 43.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.34) earnings per share.
View Acceleron Pharma's earnings history
.

What price target have analysts set for XLRN?

13 Wall Street analysts have issued twelve-month price targets for Acceleron Pharma's stock. Their forecasts range from $71.00 to $140.00. On average, they expect Acceleron Pharma's share price to reach $117.92 in the next year. This suggests a possible upside of 27.9% from the stock's current price.
View analysts' price targets for Acceleron Pharma
.

What are Wall Street analysts saying about Acceleron Pharma stock?

Here are some recent quotes from research analysts about Acceleron Pharma stock:
  • 1. According to Zacks Investment Research, "Acceleron Pharma Inc. is a biopharmaceutical company which focuses on the discovery, development and commercialization of protein therapeutics for cancer and rare diseases. Acceleron Pharma Inc. is based in Cambridge, Massachusetts. " (1/16/2020)
  • 2. HC Wainwright analysts commented, "We are lowering our price target to $68 from $69 due to the discontinuation of ACE-083 for FSHD. Our $68 price target is based on probability-adjusted revenue forecasts for luspatercept, the company’s earlier stage pipeline, and estimated year-end cash." (9/17/2019)

Has Acceleron Pharma been receiving favorable news coverage?

Media coverage about XLRN stock has trended extremely negative on Thursday, InfoTrie reports. The research firm identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Acceleron Pharma earned a coverage optimism score of -4.1 on InfoTrie's scale. They also assigned news headlines about the biopharmaceutical company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the near term.
View the latest news about Acceleron Pharma
.

Are investors shorting Acceleron Pharma?

Acceleron Pharma saw a drop in short interest in the month of July. As of July 31st, there was short interest totaling 3,120,000 shares, a drop of 6.9% from the July 15th total of 3,350,000 shares. Based on an average daily volume of 692,400 shares, the short-interest ratio is currently 4.5 days. Approximately 6.2% of the shares of the stock are sold short.
View Acceleron Pharma's Short Interest
.

Who are some of Acceleron Pharma's key competitors?

What other stocks do shareholders of Acceleron Pharma own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Acceleron Pharma investors own include Bristol-Myers Squibb (BMY), Advanced Micro Devices (AMD), Gilead Sciences (GILD), NVIDIA (NVDA), Incyte (INCY), Pfizer (PFE), AbbVie (ABBV), Corcept Therapeutics (CORT), Cisco Systems (CSCO) and Exelixis (EXEL).

Who are Acceleron Pharma's key executives?

Acceleron Pharma's management team includes the following people:
  • Mr. Habib J. Dable, CEO, Pres & Director (Age 50)
  • Dr. Thomas P. Maniatis, Co-Founder, Member of Scientific Advisory Board & Director (Age 76)
  • Mr. Kevin F. McLaughlin, Sr. VP, CFO & Treasurer (Age 63)
  • Dr. Ravindra Kumar, Chief Scientific Officer & Sr. VP (Age 59)
  • Dr. John D. Quisel, Exec. VP, Chief Bus. Officer & Sec. (Age 48)

What is Acceleron Pharma's stock symbol?

Acceleron Pharma trades on the NASDAQ under the ticker symbol "XLRN."

Who are Acceleron Pharma's major shareholders?

Acceleron Pharma's stock is owned by a variety of institutional and retail investors. Top institutional investors include TimesSquare Capital Management LLC (1.81%), Goldman Sachs Group Inc. (0.82%), Candriam Luxembourg S.C.A. (0.71%), Bank of New York Mellon Corp (0.55%), New York State Common Retirement Fund (0.44%) and Principal Financial Group Inc. (0.30%). Company insiders that own Acceleron Pharma stock include Adam M Veness, Corp /De/ Celgene, Habib J Dable, Jean George, John D Quisel, Joseph S Zakrzewski, Kevin F Mclaughlin, Ravindra Kumar and Sujay Kango.
View institutional ownership trends for Acceleron Pharma
.

Which major investors are selling Acceleron Pharma stock?

XLRN stock was sold by a variety of institutional investors in the last quarter, including Candriam Luxembourg S.C.A., State of Wisconsin Investment Board, Goldman Sachs Group Inc., Prudential Financial Inc., UBS Group AG, SG Americas Securities LLC, Bank of New York Mellon Corp, and American International Group Inc.. Company insiders that have sold Acceleron Pharma company stock in the last year include Adam M Veness, Corp /De/ Celgene, Habib J Dable, John D Quisel, Kevin F Mclaughlin, Ravindra Kumar, and Sujay Kango.
View insider buying and selling activity for Acceleron Pharma
.

Which major investors are buying Acceleron Pharma stock?

XLRN stock was purchased by a variety of institutional investors in the last quarter, including New York State Common Retirement Fund, Rhenman & Partners Asset Management AB, Principal Financial Group Inc., State Board of Administration of Florida Retirement System, WINTON GROUP Ltd, Virtu Financial LLC, Bessemer Group Inc., and Swiss National Bank. Company insiders that have bought Acceleron Pharma stock in the last two years include Corp /De/ Celgene, and Joseph S Zakrzewski.
View insider buying and selling activity for Acceleron Pharma
.

How do I buy shares of Acceleron Pharma?

Shares of XLRN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Acceleron Pharma's stock price today?

One share of XLRN stock can currently be purchased for approximately $92.20.

How big of a company is Acceleron Pharma?

Acceleron Pharma has a market capitalization of $5.52 billion and generates $73.99 million in revenue each year. The biopharmaceutical company earns $-124,860,000.00 in net income (profit) each year or ($2.38) on an earnings per share basis. Acceleron Pharma employs 173 workers across the globe.

What is Acceleron Pharma's official website?

The official website for Acceleron Pharma is www.acceleronpharma.com.

How can I contact Acceleron Pharma?

Acceleron Pharma's mailing address is 128 SYDNEY STREET, CAMBRIDGE MA, 02139. The biopharmaceutical company can be reached via phone at 617-649-9200 or via email at [email protected]

This page was last updated on 8/13/2020 by MarketBeat.com Staff

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