EcoR1 Capital LLC bought a new stake in shares of Forward Pharma A/S (NASDAQ:FWP) during the first quarter, Holdings Channel reports. The institutional investor bought 5,025 shares of the biotechnology company’s stock, valued at approximately $108,000.
A number of other large investors have also recently modified their holdings of the stock. Citadel Advisors LLC bought a new stake in shares of Forward Pharma A/S during the first quarter valued at about $269,000. Morgan Stanley increased its stake in shares of Forward Pharma A/S by 57.4% in the first quarter. Morgan Stanley now owns 33,289 shares of the biotechnology company’s stock valued at $716,000 after buying an additional 12,142 shares during the period. Marshall Wace North America L.P. bought a new stake in shares of Forward Pharma A/S during the first quarter valued at about $612,000. MARSHALL WACE ASIA Ltd bought a new stake in shares of Forward Pharma A/S during the first quarter valued at about $612,000. Finally, Eqis Capital Management Inc. bought a new stake in shares of Forward Pharma A/S during the first quarter valued at about $346,000. Institutional investors and hedge funds own 22.24% of the company’s stock.
Shares of Forward Pharma A/S (NASDAQ FWP) traded up 8.18% on Friday, hitting $21.96. 70,493 shares of the stock traded hands. The stock’s market cap is $1.04 billion. Forward Pharma A/S has a 52 week low of $14.89 and a 52 week high of $33.00. The stock has a 50 day moving average price of $19.66 and a 200-day moving average price of $22.41.
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Several equities research analysts have issued reports on FWP shares. Zacks Investment Research downgraded shares of Forward Pharma A/S from a “buy” rating to a “hold” rating in a research report on Tuesday, March 21st. Jefferies Group LLC reaffirmed a “hold” rating and set a $41.00 target price on shares of Forward Pharma A/S in a report on Friday, March 31st. Leerink Swann set a $28.00 target price on shares of Forward Pharma A/S and gave the stock a “buy” rating in a report on Monday, April 3rd. Finally, JMP Securities cut shares of Forward Pharma A/S from an “outperform” rating to a “market perform” rating in a report on Monday, April 3rd.
Forward Pharma A/S Company Profile
Forward Pharma A/S is a clinical-stage biopharmaceutical company. The Company is engaged in the development of FP187, a formulation of dimethyl fumarate (DMF) for the treatment of several inflammatory and neurological indications, including multiple sclerosis (MS). The Company’s clinical candidate, FP187, is under development for the treatment of relapsing remitting MS (RRMS) and other immune disorders, such as psoriasis.
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