Evoke Pharma, Inc. (EVOK) Upgraded at ValuEngine
Evoke Pharma, Inc. (NASDAQ:EVOK) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Thursday.
Separately, FBR & Co reaffirmed a “buy” rating and set a $9.00 price target on shares of Evoke Pharma in a report on Thursday, May 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $7.25.
Shares of Evoke Pharma (EVOK) traded down 1.59% during mid-day trading on Thursday, reaching $2.48. 85,030 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $2.55 and its 200-day moving average price is $2.73. The stock’s market cap is $38.16 million. Evoke Pharma has a 12-month low of $1.35 and a 12-month high of $4.55.
Evoke Pharma (NASDAQ:EVOK) last announced its quarterly earnings results on Monday, May 15th. The specialty pharmaceutical company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.02. During the same quarter in the previous year, the company posted ($0.45) EPS. Equities research analysts forecast that Evoke Pharma will post ($0.84) earnings per share for the current year.
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A hedge fund recently bought a new stake in Evoke Pharma stock. Sphera Funds Management LTD. acquired a new stake in Evoke Pharma, Inc. (NASDAQ:EVOK) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 500,000 shares of the specialty pharmaceutical company’s stock, valued at approximately $1,550,000. Sphera Funds Management LTD. owned about 4.06% of Evoke Pharma at the end of the most recent quarter. Institutional investors and hedge funds own 11.70% of the company’s stock.
About Evoke Pharma
Evoke Pharma, Inc is a specialty pharmaceutical company. The Company is focused primarily on the development of drugs to treat gastrointestinal (GI) disorders and diseases. The Company is developing EVK-001, a metoclopramide nasal spray for the relief of symptoms associated with acute and recurrent diabetic gastroparesis in women.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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