Evoke Pharma, Inc. (EVOK) Receives Average Rating of “Hold” from Analysts
Evoke Pharma, Inc. (NASDAQ:EVOK) has been given a consensus recommendation of “Hold” by the seven brokerages that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $8.20.
Several research analysts have issued reports on the stock. ValuEngine downgraded shares of Evoke Pharma from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded shares of Evoke Pharma from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Finally, HC Wainwright reissued a “buy” rating and set a $9.00 price objective on shares of Evoke Pharma in a research report on Tuesday, August 15th.
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Large investors have recently modified their holdings of the company. State Treasurer State of Michigan boosted its holdings in shares of Evoke Pharma by 62.2% in the first quarter. State Treasurer State of Michigan now owns 291,966 shares of the specialty pharmaceutical company’s stock valued at $905,000 after acquiring an additional 111,966 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Evoke Pharma by 15.1% in the second quarter. Vanguard Group Inc. now owns 523,650 shares of the specialty pharmaceutical company’s stock valued at $1,341,000 after acquiring an additional 68,544 shares in the last quarter. Finally, Sphera Funds Management LTD. purchased a new stake in shares of Evoke Pharma in the first quarter valued at about $1,550,000. 12.88% of the stock is currently owned by institutional investors and hedge funds.
Evoke Pharma (NASDAQ EVOK) traded down 2.65% on Friday, reaching $3.31. 335,880 shares of the company were exchanged. The stock has a 50-day moving average price of $2.56 and a 200 day moving average price of $2.69. The stock’s market capitalization is $50.93 million. Evoke Pharma has a 52 week low of $1.35 and a 52 week high of $4.55.
Evoke Pharma (NASDAQ:EVOK) last issued its quarterly earnings data on Monday, August 14th. The specialty pharmaceutical company reported ($0.27) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.15). During the same period in the prior year, the firm earned ($0.41) EPS. Analysts forecast that Evoke Pharma will post ($0.94) earnings per share for the current year.
Evoke Pharma Company Profile
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.
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