Cerulean Pharma Inc. (DARE) Given Consensus Rating of “Hold” by Analysts
Shares of Cerulean Pharma Inc. (NASDAQ:DARE) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $3.00.
Separately, ValuEngine cut Cerulean Pharma from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st.
Shares of Cerulean Pharma (NASDAQ DARE) opened at 2.80 on Friday. Cerulean Pharma has a one year low of $2.63 and a one year high of $35.80. The stock’s market cap is $8.13 million. The company has a 50-day moving average price of $4.92 and a 200 day moving average price of $7.64.
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Cerulean Pharma Company Profile
Dare Bioscience, Inc, formerly Cerulean Pharma Inc, is a healthcare company. The Company is focused on the development and commercialization of products in women’s reproductive health. Its lead product candidate is Ovaprene, a clinical stage, non-hormonal contraceptive ring. The Company is developing Ovaprene to provide protection over multiple weeks of use and require no intervention at the time of intercourse.
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