Nabriva Therapeutics AG (NBRV) Upgraded to “Buy” by Zacks Investment Research
Nabriva Therapeutics AG (NASDAQ:NBRV) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The firm presently has a $9.25 price target on the biotechnology company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 12.53% from the company’s current price.
According to Zacks, “Nabriva Therapeutics AG is a biopharmaceutical company. The Company is involved in the research and development of novel anti-infective agents to treat serious infections, which focus on the pleuromutilin class of antibiotics. Its product candidate consists of BC-3781, developed for the treatment of serious skin infections and bacterial pneumonia caused by MRSA and other drug resistant bacteria; BC-7013, a topical pleuromutilin antibiotic which are in different clinical trial. Nabriva Therapeutics AG is based in Vienna, Austria. “
NBRV has been the topic of a number of other research reports. Cantor Fitzgerald reissued a “buy” rating and set a $16.00 price target on shares of Nabriva Therapeutics AG in a research report on Friday, September 1st. SunTrust Banks, Inc. started coverage on Nabriva Therapeutics AG in a research report on Friday, August 25th. They set a “buy” rating and a $20.00 price target on the stock. ValuEngine raised Nabriva Therapeutics AG from a “sell” rating to a “hold” rating in a research report on Saturday, June 24th. Needham & Company LLC reissued a “buy” rating and set a $18.00 price target (up previously from $15.00) on shares of Nabriva Therapeutics AG in a research report on Tuesday, September 19th. Finally, HC Wainwright reissued a “buy” rating and set a $18.00 price target (up previously from $16.00) on shares of Nabriva Therapeutics AG in a research report on Monday, August 28th. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $18.78.
Shares of Nabriva Therapeutics AG (NASDAQ NBRV) opened at 8.22 on Wednesday. Nabriva Therapeutics AG has a 52 week low of $3.52 and a 52 week high of $14.10. The company has a 50-day moving average price of $8.44 and a 200 day moving average price of $9.84. The firm’s market cap is $220.61 million.
Nabriva Therapeutics AG (NASDAQ:NBRV) last issued its quarterly earnings results on Monday, August 7th. The biotechnology company reported ($0.54) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($5.83) by $5.29. The company had revenue of $1.05 million for the quarter, compared to analyst estimates of $1.34 million. Analysts expect that Nabriva Therapeutics AG will post ($2.29) EPS for the current fiscal year.
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In other Nabriva Therapeutics AG news, major shareholder Hbm Healthcare Investments (Ca sold 57,175 shares of the firm’s stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $10.53, for a total value of $602,052.75. Following the sale, the insider now owns 2,565,661 shares of the company’s stock, valued at approximately $27,016,410.33. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Vivo Capital Viii, Llc bought 52,631 shares of Nabriva Therapeutics AG stock in a transaction on Monday, September 18th. The stock was acquired at an average cost of $9.46 per share, for a total transaction of $497,889.26. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 57,219 shares of company stock worth $535,919 and sold 252,845 shares worth $2,585,694. Company insiders own 2.75% of the company’s stock.
Several hedge funds have recently modified their holdings of NBRV. Wellington Management Group LLP boosted its holdings in shares of Nabriva Therapeutics AG by 9.9% in the 1st quarter. Wellington Management Group LLP now owns 2,154,261 shares of the biotechnology company’s stock valued at $25,830,000 after purchasing an additional 193,951 shares in the last quarter. Almanack Investment Partners LLC. acquired a new stake in shares of Nabriva Therapeutics AG in the 1st quarter valued at $1,870,000. Nationwide Fund Advisors boosted its holdings in shares of Nabriva Therapeutics AG by 4.6% in the 2nd quarter. Nationwide Fund Advisors now owns 180,924 shares of the biotechnology company’s stock valued at $2,032,000 after purchasing an additional 7,924 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Nabriva Therapeutics AG by 19.6% in the 2nd quarter. Royal Bank of Canada now owns 52,807 shares of the biotechnology company’s stock valued at $553,000 after purchasing an additional 8,650 shares in the last quarter. 50.23% of the stock is currently owned by hedge funds and other institutional investors.
About Nabriva Therapeutics AG
Nabriva Therapeutics plc is a clinical stage biopharmaceutical company. The Company is engaged in engaged in the research and development of novel anti-infectives to treat serious infections, with a focus on the pleuromutilin class of antibiotics. The Company’s medicinal chemistry has enabled targeted discovery of novel pleuromutilins, including both intravenous and oral formulations of its lead product candidate, lefamulin.
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