Acceleron Pharma Inc. (XLRN) Expected to Post Earnings of -$0.66 Per Share

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27 June, 2017

Looking further out, over the past twelve months, Acceleron Pharma Inc.'s stock was -2.68% and 27.33% over the last quarter and 24.05% for the past six months.

Weiss Multi Strategy Advisers LLC raised its stake in shares of Acceleron Pharma Inc.

Analysts fell to the sidelines weighing in on Acceleron Pharma (NASDAQ: XLRN) and Agios Pharma (NASDAQ: AGIO) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks. The company presently has a consensus rating of "Buy" and an average target price of $42.07. Goldman Sachs initiated it with "Buy" rating and $93 target in Friday, June 23 report.

Stock exchanges work according to the invisible hand of supply and demand, which determines the price where stocks are bought and sold. The firm earned "Hold" rating on Friday, June 23 by Cann.

According to TipRanks.com, Cann is a 4-star analyst with an average return of 12.5% and a 84.3% success rate. BidaskClub raised shares of Acceleron Pharma from a "hold" rating to a "buy" rating in a report on Wednesday, June 21st.

Altria Group, Inc.is a holding company. The Company's products fall into two categories: bikes, and powered vehicles, including side-by-sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, specialty vehicles and applications, and motorcycles. It has a 10.34 P/E ratio.

Since January 4, 2017, it had 0 insider buys, and 5 sales for $271,623 activity. 2,000 shares valued at $54,916 were sold by Sherman Matthew L on Wednesday, January 4. MCLAUGHLIN KEVIN F had sold 1,700 shares worth $46,667. On average, equities research analysts anticipate that Acceleron Pharma Inc. will post ($2.54) EPS for the current fiscal year. Another trade for 2,000 shares valued at $54,916 was sold by Kumar Ravindra. 2,500 shares were sold by Ertel Steven D, worth $68,611.

Investors sentiment increased to 1.35 in 2016 Q4. Parametric Portfolio Associates LLC bought a new position in Acceleron Pharma during the first quarter valued at $241,000. (XLRN) opened at 34.10 on Monday. Over the past twelve months, Acceleron Pharma Inc. It is positive, as 3 investors sold BioLife Solutions Inc shares while 0 reduced holdings. Aberdeen Asset Mngmt Pcl Uk accumulated 31,364 shares. Da Davidson holds 0% or 2,292 shares in its portfolio. Utd Svcs Automobile Association has invested 0.01% in Acceleron Pharma Inc (NASDAQ:XLRN). Manufacturers Life Ins Com The holds 0% in Fox Factory Holding Corp (NASDAQ:FOXF) or 15,784 shares. Royal Bancshares Of Canada invested in 0% or 1,611 shares. Oppenheimer reinitiated the shares of XLRN in report on Monday, February 1 with "Outperform" rating. Westfield Mngmt Ltd Partnership holds 1.25 million shares or 0.28% of its portfolio. Deutsche Fincl Bank Ag, a Germany-based fund reported 281,887 shares. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional.

Wpcs International Incorporated (NASDAQ:WPCS) had an increase of 0.8% in short interest. The stock of Acceleron Pharma Inc (NASDAQ:XLRN) has "Market Perform" rating given on Tuesday, June 13 by Oppenheimer. It has underperformed by 39.13% the S&P500. Foresite Capital Mgmt Ii Ltd Limited Liability Company stated it has 0.25% of its portfolio in Acceleron Pharma Inc (NASDAQ:XLRN). Ngam Advisors Lp who had been investing in Belden Inc for a number of months, seems to be less bullish one the $3.31 billion market cap company. The Company is focused on the discovery, development and commercialization of therapeutics to treat serious and rare diseases. (Texas Operations). It now has negative earnings. Its research focuses on key natural regulators of cellular growth and fix, particularly the Transforming Growth Factor-Beta (TGF-beta), protein superfamily.

Since January 3, 2017, it had 0 insider purchases, and 13 selling transactions for $157.57 million activity. The biopharmaceutical company reported ($0.66) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.58) by $0.08. They expect $0.87 EPS, up 7.41% or $0.06 from last year's $0.81 per share. After $0.73 actual EPS reported by Altria Group Inc for the previous quarter, Wall Street now forecasts 19.18% EPS growth. Geode Management Lc holds 0% of its portfolio in BioLife Solutions Inc (NASDAQ:BLFS) for 69,384 shares. Fayez Sarofim & Co owns 16.43 million shares or 6.1% of their U.S. portfolio. (XLRN) have recently changed their ratings on the stock. Brown Brothers Harriman And, a New York-based fund reported 71 shares. Sterling Investment Management Inc., a Arizona-based fund reported 45,711 shares.


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