Evoke Pharma, Inc. (EVOK) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Evoke Pharma, Inc. (NASDAQ:EVOK) have earned an average recommendation of “Hold” from the eight brokerages that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $8.50.
A number of equities research analysts recently issued reports on the company. Seaport Global Securities restated a “buy” rating and issued a $10.00 price objective on shares of Evoke Pharma in a research note on Friday, October 6th. HC Wainwright reaffirmed a “buy” rating and set a $9.00 target price on shares of Evoke Pharma in a report on Monday, September 18th. ValuEngine lowered Evoke Pharma from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Finally, Zacks Investment Research lowered Evoke Pharma from a “hold” rating to a “sell” rating in a report on Thursday, August 17th.
Evoke Pharma (NASDAQ EVOK) traded up 1.04% during trading on Wednesday, hitting $3.88. 285,189 shares of the company traded hands. Evoke Pharma has a 12-month low of $1.35 and a 12-month high of $4.55. The company’s market capitalization is $59.71 million. The stock has a 50 day moving average price of $3.14 and a 200 day moving average price of $2.74.
A hedge fund recently raised its stake in Evoke Pharma stock. Vanguard Group Inc. lifted its holdings in shares of Evoke Pharma, Inc. (NASDAQ:EVOK) by 15.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 523,650 shares of the specialty pharmaceutical company’s stock after purchasing an additional 68,544 shares during the quarter. Vanguard Group Inc. owned 3.40% of Evoke Pharma worth $1,341,000 at the end of the most recent quarter. 12.88% of the stock is owned by institutional investors.
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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.
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