Northland Capital Partners Initiates Coverage on pSivida Corp (PSDV)
Northland Capital Partners began coverage on shares of pSivida Corp (NASDAQ:PSDV) in a research note issued on Tuesday, AR Network reports. The firm set an “outperform” rating and a $7.00 price target on the stock. Northland Capital Partners’ target price would suggest a potential upside of 38.07% from the stock’s previous close.
Shares of pSivida Corp (NASDAQ:PSDV) opened at 5.07 on Tuesday. pSivida Corp has a 1-year low of $1.17 and a 1-year high of $5.60. The stock’s 50-day moving average is $3.96 and its 200-day moving average is $3.32. The company’s market cap is $135.8 million.
pSivida Corp (NASDAQ:PSDV) last released its earnings data on Wednesday, September 25th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by $0.05. The company had revenue of $0.49 million for the quarter, compared to the consensus estimate of $0.65 million.
Separately, analysts at Northland Securities initiated coverage on shares of pSivida Corp in a research note to investors on Monday. They set an “outperform” rating on the stock.
pSivida Corp. develops drug delivery products that are administered by implantation, injection or insertion.
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