Urogen Pharma (URGN) Downgraded by Zacks Investment Research
Urogen Pharma (NASDAQ:URGN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.
According to Zacks, “UroGen Pharma Ltd. is a clinical stage biopharmaceutical company. It focused on developing urological pathologies with a focus on uro-oncology. The company’s product candidates include MitoGel and VesiGel which are in clinical trial stage. Its platform technologies include: RTGel and Immunotherapy. UroGen Pharma Ltd. is based in Ra’anana, Israel. “
URGN has been the topic of a number of other research reports. Oppenheimer Holdings, Inc. set a $32.00 price target on Urogen Pharma and gave the stock a “buy” rating in a report on Monday. Cowen and Company initiated coverage on Urogen Pharma in a report on Tuesday, May 30th. They set an “outperform” rating on the stock. Jefferies Group LLC initiated coverage on Urogen Pharma in a report on Tuesday, May 30th. They set a “buy” rating and a $27.00 price target on the stock. Finally, Raymond James Financial, Inc. initiated coverage on Urogen Pharma in a report on Tuesday, May 30th. They set an “outperform” rating and a $25.00 price target on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $26.00.
Urogen Pharma (NASDAQ:URGN) opened at 17.58 on Friday. The stock has a 50 day moving average price of $17.90 and a 200 day moving average price of $17.59. Urogen Pharma has a one year low of $13.01 and a one year high of $20.02. The firm’s market cap is $40.52 million.
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A number of large investors have recently made changes to their positions in the stock. Spark Investment Management LLC acquired a new stake in shares of Urogen Pharma during the second quarter worth $856,000. Menora Mivtachim Holdings LTD. acquired a new stake in shares of Urogen Pharma during the second quarter worth $2,331,000. LLBH Private Wealth Management LLC acquired a new stake in shares of Urogen Pharma during the second quarter worth $695,000. Alps Advisors Inc. acquired a new stake in shares of Urogen Pharma during the second quarter worth $195,000. Finally, Jennison Associates LLC acquired a new stake in shares of Urogen Pharma during the second quarter worth $3,168,000. 3.59% of the stock is currently owned by institutional investors.
About Urogen Pharma
Urogen Pharma Ltd, formerly Theracoat Ltd, is an Israel-based clinical-stage biopharmaceutical company. It is engaged in developing therapies designed to care for urological pathologies. Its lead product candidates include MitoGel and VesiGel. MiroGel is a sustained release formulation of the chemotherapy agent Mitomycin C for the treatment of low-grade upper tract urothelial carcinoma, an urothelial cancer in the upper tract.
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