JMP Securities Initiates Coverage on Aclaris Therapeutics Inc to Market Perform

JMP Securities Initiates Coverage on Aclaris Therapeutics Inc(NASDAQ:ACRS). The shares have been rated Market Perform. The rating by JMP Securities was issued on Sep 30, 2016.

In a different note, On Sep 19, 2016, Jefferies said it Maintains its rating on Aclaris Therapeutics Inc. In the research note, the firm Raises the price-target to $23.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 12, 2016, Jefferies said it Maintains its rating on Aclaris Therapeutics Inc. In the research note, the firm Raises the price-target to $20.00 per share. The shares have been rated ‘Buy’ by the firm.

Aclaris Therapeutics Inc(ACRS) last announced its earnings results on Aug 11, 2016 for Fiscal Year 2016 and Q2.Earnings per share were $-0.62. Analysts had estimated an EPS of $-0.62.

Several Insider Transactions has been reported to the SEC. On Sep 28, 2016, Kamil Ali-jackson (Chief Legal Officer) sold 1,841 shares at $24.66 per share price.Also, On Oct 13, 2015, Albert Cha (director) purchased 454,545 shares at $11.00 per share price.On Oct 13, 2015, Anand Mehra (director 10% owner) purchased 409,090 shares at $11.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Aclaris Therapeutics Inc. is a United States-based clinical-stage specialty pharmaceutical company. The Company is focused on identifying developing and commercializing differentiated therapies in dermatology. The Company’s drug candidate A-101 is being developed as an in-office treatment for seborrheic keratosis a non-cancerous skin tumor as well as for other cutaneous indications such as common warts. In addition the Company is engaged in developing a portfolio of Janus Kinase (JAK) inhibitor compounds for the treatment of alopecia areata and other dermatological conditions. The Company’s products A-201 and A-301 are indicated for the treatment of alopecia areata. The Company’s A-101 product is entering Phase III clinical trials for the treatment of seborrheic keratosis and Phase II clinical trials for the treatment of common warts. The Company’s A-201 and A-301 products are in pre- clinical stage.

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