Stock analysts at Seaport Global Securities assumed coverage on shares of BeyondSpring (NASDAQ:BYSI) in a report issued on Tuesday, Marketbeat.com reports. The brokerage set a “buy” rating and a $56.00 price target on the stock. Seaport Global Securities’ price objective would indicate a potential upside of 72.25% from the stock’s current price.

BYSI has been the subject of a number of other reports. Maxim Group reaffirmed a “buy” rating and set a $52.00 price target on shares of BeyondSpring in a research note on Friday, October 27th. Zacks Investment Research downgraded BeyondSpring from a “hold” rating to a “sell” rating in a research note on Monday, November 13th. Finally, HC Wainwright set a $60.00 price target on BeyondSpring and gave the stock a “buy” rating in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. BeyondSpring currently has a consensus rating of “Buy” and an average target price of $54.50.

BeyondSpring (NASDAQ BYSI) traded down $1.30 on Tuesday, hitting $32.51. The stock had a trading volume of 400 shares, compared to its average volume of 5,475. BeyondSpring has a 52 week low of $16.55 and a 52 week high of $48.49.

BeyondSpring (NASDAQ:BYSI) last posted its quarterly earnings results on Thursday, November 9th. The company reported ($0.68) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.69) by $0.01. equities research analysts anticipate that BeyondSpring will post -4.41 earnings per share for the current fiscal year.

A hedge fund recently bought a new stake in BeyondSpring stock. Tanaka Capital Management Inc. acquired a new stake in BeyondSpring Inc. (NASDAQ:BYSI) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 21,322 shares of the company’s stock, valued at approximately $914,000. BeyondSpring makes up 2.1% of Tanaka Capital Management Inc.’s portfolio, making the stock its 16th largest holding. Tanaka Capital Management Inc. owned 0.10% of BeyondSpring at the end of the most recent reporting period. Institutional investors and hedge funds own 1.22% of the company’s stock.

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About BeyondSpring

BeyondSpring Inc is a global clinical-stage biopharmaceutical company. The Company is focused on the development of cancer therapies. The Company is engaged in advancing its lead product, Plinabulin, into a Phase II/III clinical trial for the reduction of docetaxel chemotherapy-induced severe, grade 4 neutropenia; a Phase II/III clinical trial for the prevention of non-docetaxel chemotherapy-induced severe, grade 4 neutropenia, and a Phase III clinical trial as an anticancer agent in combination with docetaxel in advanced non-small cell lung cancer (NSCLC).

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