Key Points
- CFO Jean Franchi sold 7,081 shares on Feb. 18 at an average price of $65.47 for about $463,593, trimming his stake by 9.03% to 71,343 shares (≈$4.67M).
- The stock faces a material near‑term negative catalyst after an FDA Complete Response Letter on the lead bitopertin program, which has spurred analyst downgrades and a Pomerantz shareholder investigation.
- Shares trade at about $62.25, below the 50‑ and 200‑day moving averages ($77.24 and $75.12), with a market cap near $2.35B while the consensus price target is roughly $104.82, highlighting a large gap between current price and analyst expectations.
Disc Medicine, Inc. (NASDAQ:IRON - Get Free Report) CFO Jean Franchi sold 4,075 shares of the firm's stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $62.86, for a total transaction of $256,154.50. Following the completion of the transaction, the chief financial officer directly owned 78,424 shares in the company, valued at approximately $4,929,732.64. This represents a 4.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Disc Medicine Stock Down 2.2%
Disc Medicine stock traded down $1.39 during trading on Friday, reaching $61.96. 202,534 shares of the company's stock were exchanged, compared to its average volume of 739,927. Disc Medicine, Inc. has a 52-week low of $30.82 and a 52-week high of $99.50. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of -11.55 and a beta of 0.88. The company has a debt-to-equity ratio of 0.05, a quick ratio of 23.45 and a current ratio of 23.45. The company's 50-day moving average is $77.24 and its two-hundred day moving average is $75.12.
Trending Headlines about Disc Medicine
Here are the key news stories impacting Disc Medicine this week:
Institutional Trading of Disc Medicine
Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in Disc Medicine by 110.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,581,127 shares of the company's stock valued at $125,557,000 after acquiring an additional 828,248 shares during the last quarter. BVF Inc. IL bought a new position in shares of Disc Medicine during the fourth quarter worth about $51,616,000. Jennison Associates LLC acquired a new position in Disc Medicine in the fourth quarter worth about $42,252,000. Perceptive Advisors LLC bought a new stake in Disc Medicine in the fourth quarter valued at about $35,794,000. Finally, RA Capital Management L.P. increased its holdings in Disc Medicine by 25.3% in the fourth quarter. RA Capital Management L.P. now owns 1,976,132 shares of the company's stock valued at $156,925,000 after buying an additional 399,026 shares during the last quarter. 83.70% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms recently commented on IRON. TD Cowen reissued a "buy" rating on shares of Disc Medicine in a research report on Friday, December 19th. Wells Fargo & Company reduced their target price on shares of Disc Medicine from $109.00 to $78.00 and set an "overweight" rating on the stock in a research report on Tuesday. Cantor Fitzgerald decreased their target price on shares of Disc Medicine from $153.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday. Raymond James Financial reaffirmed a "market perform" rating on shares of Disc Medicine in a research note on Thursday, January 15th. Finally, BMO Capital Markets cut their price objective on shares of Disc Medicine from $120.00 to $100.00 and set an "outperform" rating on the stock in a report on Tuesday. Eleven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $104.82.
Read Our Latest Research Report on IRON
About Disc Medicine
(
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Disc Medicine, Inc (NASDAQ: IRON) is a clinical-stage biotechnology company focused on discovering and developing precision medicines that restore normal cellular function in severe genetic and acquired diseases. The company employs a chemistry-driven approach to identify small molecules that selectively modulate RNA-binding proteins or splicing regulatory pathways. By leveraging proprietary screening and medicinal chemistry platforms, Disc Medicine aims to address diseases with high unmet medical needs and limited treatment options.
The company's pipeline is anchored by lead programs targeting neuromuscular and hematological disorders.
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