Nabriva Therapeutics AG (NBRV) Price Target Raised to $20.00
Nabriva Therapeutics AG (NASDAQ:NBRV) had its price target upped by equities research analysts at HC Wainwright from $18.00 to $20.00 in a research report issued to clients and investors on Wednesday. The firm presently has a “buy” rating on the biotechnology company’s stock. HC Wainwright’s target price would suggest a potential upside of 226.80% from the stock’s current price.
NBRV has been the subject of several other reports. Zacks Investment Research raised shares of Nabriva Therapeutics AG from a “hold” rating to a “buy” rating and set a $9.25 target price for the company in a research note on Wednesday, October 11th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $16.00 target price on shares of Nabriva Therapeutics AG in a research note on Friday, September 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 target price (up from $15.00) on shares of Nabriva Therapeutics AG in a research note on Tuesday, September 19th. SunTrust Banks, Inc. initiated coverage on shares of Nabriva Therapeutics AG in a research note on Friday, August 25th. They set a “buy” rating and a $20.00 target price for the company. Finally, ValuEngine cut shares of Nabriva Therapeutics AG from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $19.03.
Shares of Nabriva Therapeutics AG (NASDAQ:NBRV) opened at 6.12 on Wednesday. The stock’s 50 day moving average price is $7.56 and its 200 day moving average price is $9.32. Nabriva Therapeutics AG has a one year low of $3.52 and a one year high of $14.10. The firm’s market cap is $164.25 million.
Nabriva Therapeutics AG (NASDAQ:NBRV) last posted its earnings results on Monday, August 7th. The biotechnology company reported ($0.54) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($5.83) by $5.29. The company had revenue of $1.05 million for the quarter, compared to analysts’ expectations of $1.34 million. On average, equities analysts anticipate that Nabriva Therapeutics AG will post ($2.29) earnings per share for the current fiscal year.
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In other Nabriva Therapeutics AG news, major shareholder Hbm Healthcare Investments (Ca sold 17,790 shares of Nabriva Therapeutics AG stock in a transaction on Monday, August 7th. The shares were sold at an average price of $10.50, for a total value of $186,795.00. Following the completion of the transaction, the insider now directly owns 2,373,387 shares of the company’s stock, valued at approximately $24,920,563.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Vivo Capital Viii, Llc acquired 52,631 shares of the company’s stock in a transaction on Monday, September 18th. The stock was acquired at an average cost of $9.46 per share, with a total value of $497,889.26. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 57,219 shares of company stock valued at $535,919 and sold 74,840 shares valued at $714,161. Company insiders own 2.75% of the company’s stock.
Large investors have recently modified their holdings of the business. Almanack Investment Partners LLC. grew its stake in shares of Nabriva Therapeutics AG by 482.2% in the 2nd quarter. Almanack Investment Partners LLC. now owns 907,183 shares of the biotechnology company’s stock worth $1,633,000 after buying an additional 751,366 shares in the last quarter. Nationwide Fund Advisors grew its stake 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 worth $2,032,000 after buying an additional 7,924 shares in the last quarter. Finally, Royal Bank of Canada grew its stake 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 worth $553,000 after buying an additional 8,650 shares in the last quarter. 50.24% of the stock is owned by institutional investors and hedge funds.
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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