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CRA International, Inc. (CRAI) Reaches $51.73 52-Week High; Cormorant Asset Management Has Decreased Ardelyx (ARDX) Stake By $4.25 Million

The stock of CRA International, Inc. (NASDAQ:CRAI) hit a new 52-week high and has $54.83 target or 6.00% above today’s $51.73 share price. The 5 months bullish chart indicates low risk for the $419.49 million company. The 1-year high was reported on Feb, 24 by Barchart.com. If the $54.83 price target is reached, the company will be worth $25.17 million more. The stock increased 1.73% or $0.88 during the last trading session, reaching $51.73. About 51,489 shares traded or 26.24% up from the average. CRA International, Inc. (NASDAQ:CRAI) has risen 49.42% since February 24, 2017 and is uptrending. It has outperformed by 32.72% the S&P500.

Cormorant Asset Management Llc decreased Ardelyx Inc (ARDX) stake by 59.74% reported in 2017Q3 SEC filing. Cormorant Asset Management Llc sold 850,000 shares as Ardelyx Inc (ARDX)’s stock declined 53.45%. The Cormorant Asset Management Llc holds 572,738 shares with $3.21 million value, down from 1.42M last quarter. Ardelyx Inc now has $273.33 million valuation. The stock increased 4.55% or $0.25 during the last trading session, reaching $5.75. About 262,057 shares traded. Ardelyx, Inc. (NASDAQ:ARDX) has declined 19.22% since February 24, 2017 and is downtrending. It has underperformed by 35.92% the S&P500.

Among 7 analysts covering Ardelyx Inc (NASDAQ:ARDX), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Ardelyx Inc had 15 analyst reports since August 18, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, October 12 by Wedbush. The company was maintained on Wednesday, May 31 by Cantor Fitzgerald. Cantor Fitzgerald maintained Ardelyx, Inc. (NASDAQ:ARDX) rating on Wednesday, August 9. Cantor Fitzgerald has “Buy” rating and $1200 target. Wedbush maintained it with “Buy” rating and $24 target in Thursday, September 3 report. BTIG Research initiated the stock with “Buy” rating in Tuesday, September 22 report. As per Friday, October 13, the company rating was maintained by Citigroup. The company was maintained on Wednesday, March 9 by JMP Securities. The rating was maintained by BTIG Research on Friday, October 13 with “Buy”. The stock has “Overweight” rating by Cantor Fitzgerald on Thursday, October 12. The rating was initiated by Ladenburg Thalmann with “Buy” on Thursday, March 31.

Cormorant Asset Management Llc increased Ignyta Inc (NASDAQ:RXDX) stake by 2.00M shares to 3.50 million valued at $43.23M in 2017Q3. It also upped G1 Therapeutics Inc. stake by 417,519 shares and now owns 897,505 shares. Anaptysbio Inc was raised too.

CRA International, Inc., a consulting company, provides economic, financial, and management consulting services worldwide. The company has market cap of $419.49 million. The firm advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides firms through critical business strategy and performance-related issues. It has a 37 P/E ratio. It provides consulting services, including research and analysis, expert testimony, and support in litigation and regulatory proceedings in the areas of finance, accounting, economics, insurance, and forensic accounting and investigations to corporate clients and attorneys.

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