Marina Biotech, Inc. (OTCMKTS:MRNA) Given Average Rating of “Buy” by Analysts

Shares of Marina Biotech, Inc. (OTCMKTS:MRNA) have been assigned a consensus rating of “Buy” from the ten research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $27.43.

A number of equities research analysts recently commented on MRNA shares. Chardan Capital started coverage on shares of Marina Biotech in a research report on Friday, April 5th. They issued a “buy” rating and a $40.00 price objective for the company. Zacks Investment Research downgraded shares of Marina Biotech from a “hold” rating to a “sell” rating in a research report on Tuesday, March 12th. Oppenheimer restated a “buy” rating on shares of Marina Biotech in a research report on Tuesday, March 19th. Finally, Piper Jaffray Companies raised their price objective on shares of Marina Biotech from $24.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, May 8th.

Several hedge funds have recently bought and sold shares of MRNA. Parallel Advisors LLC acquired a new position in shares of Marina Biotech during the 1st quarter worth approximately $207,000. Bainco International Investors acquired a new position in shares of Marina Biotech during the 1st quarter worth approximately $224,000. Finally, Moloney Securities Asset Management LLC acquired a new position in shares of Marina Biotech during the 1st quarter worth approximately $1,051,000.

Shares of OTCMKTS:MRNA opened at $13.77 on Wednesday. Marina Biotech has a 52 week low of $13.03 and a 52 week high of $29.79. The firm has a 50-day moving average price of $19.76.

Marina Biotech (OTCMKTS:MRNA) last announced its quarterly earnings data on Thursday, May 9th. The biotechnology company reported ($0.40) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.39) by ($0.01). The company had revenue of $16.03 million for the quarter, compared to analysts’ expectations of $33.59 million.

Marina Biotech Company Profile

Marina Biotech, Inc, a biopharmaceutical company, engages in the development and commercialization of proprietary drug therapeutics primarily for hypertension, arthritis, pain, and oncology in the United States, Europe, and internationally. The company offers Prestalia, a single-pill fixed dose combination (FDC) of perindopril argenine, an angiotensin-converting-enzyme inhibitor; and amlodipine besylate, a calcium channel blocker for the treatment of hypertension.

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Analyst Recommendations for Marina Biotech (OTCMKTS:MRNA)

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