Ironwood Pharmaceuticals Inc (NASDAQ:IRWD): Stock Institutional Investors Are Bullish About

Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD) Logo

Sentiment for Ironwood Pharmaceuticals Inc (NASDAQ:IRWD)

Ironwood Pharmaceuticals Inc (NASDAQ:IRWD) institutional sentiment increased to 1.37 in 2019 Q1. Its up 0.30, from 1.07 in 2018Q4. The ratio has improved, as 74 investment professionals increased or started new positions, while 54 sold and reduced stock positions in Ironwood Pharmaceuticals Inc. The investment professionals in our partner’s database now hold: 146.70 million shares, up from 140.64 million shares in 2018Q4. Also, the number of investment professionals holding Ironwood Pharmaceuticals Inc in their top 10 positions increased from 2 to 3 for an increase of 1. Sold All: 16 Reduced: 38 Increased: 44 New Position: 30.

Ironwood Pharmaceuticals, Inc., a commercial biotechnology company, engages in the research, development, and commercialization of human therapeutic products. The company has market cap of $1.40 billion. The firm markets linaclotide, a guanylate cyclase type-C agonist for the treatment of adults suffering from irritable bowel syndrome with constipation or chronic idiopathic constipation under the LINZESS name in the United States and Constella name in the European Union; and lesinurad for the treatment of hyperuricemia associated with uncontrolled gout under ZURAMPIC and DUZALLO names. It currently has negative earnings. It has collaboration agreements with Allergan plc and AstraZeneca AB to develop and commercialize linaclotide for the treatment of IBS-C, CIC, and other GI conditions in North America, China, Hong Kong, and Macau; and license agreement with Astellas Pharma Inc. to develop and commercialize linaclotide for the treatment of IBS-C, chronic constipation, and other GI conditions in Japan.

The stock decreased 1.64% or $0.15 during the last trading session, reaching $8.97. About 1.27 million shares traded. Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD) has declined 32.56% since August 15, 2018 and is downtrending. It has underperformed by 32.56% the S&P500.

Sarissa Capital Management Lp holds 15.36% of its portfolio in Ironwood Pharmaceuticals, Inc. for 7.54 million shares. Ecor1 Capital Llc owns 4.40 million shares or 5.48% of their US portfolio. Moreover, Bridger Management Llc has 4.48% invested in the company for 4.18 million shares. The Maryland-based Brown Capital Management Llc has invested 1.41% in the stock. Broderick Brian C, a Massachusetts-based fund reported 329,233 shares.

Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD) Ratings Coverage

Ratings analysis reveals 25% of Ironwood Pharma’s analysts are positive. Out of 4 Wall Street analysts rating Ironwood Pharma, 1 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $13 while the high is $18. The stock’s average target of $15.25 is 70.01% above today’s ($8.97) share price. IRWD was included in 8 notes of analysts from February 22, 2019. The rating was upgraded by Morgan Stanley to “Equal-Weight” on Wednesday, March 27. The rating was upgraded by H.C. Wainwright to “Neutral” on Monday, February 25. The stock of Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD) earned “Buy” rating by Mizuho on Friday, February 22. The stock has “Hold” rating by Credit Suisse on Friday, March 22. The rating was maintained by H.C. Wainwright on Monday, June 24 with “Hold”.

More notable recent Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD) news were published by: Finance.Yahoo.com which released: “Did Changing Sentiment Drive Ironwood Pharmaceuticals’s (NASDAQ:IRWD) Share Price Down By 41%? – Yahoo Finance” on May 08, 2019, also Businesswire.com with their article: “Ironwood Pharmaceuticals Completes Separation of Cyclerion Therapeutics and Becomes a Gastrointestinal (GI)-focused Healthcare Company – Business Wire” published on April 01, 2019, Nasdaq.com published: “Ironwood Pharmaceuticals (IRWD) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release – Nasdaq” on July 23, 2019. More interesting news about Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD) were released by: Seekingalpha.com and their article: “Ironwood advancing Cyclerion spinoff – Seeking Alpha” published on January 28, 2019 as well as Seekingalpha.com‘s news article titled: “Ironwood completes Cyclerion spin-off – Seeking Alpha” with publication date: April 01, 2019.

Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD) Institutional Positions Chart

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