Zacks: Bellerophon Therapeutics, Inc. (BLPH) Given Consensus Rating of “Strong Buy” by Analysts

Shares of Bellerophon Therapeutics, Inc. (NASDAQ:BLPH) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Brokers have set a 1 year consensus price target of $5.00 for the company, according to Zacks. Zacks has also given Bellerophon Therapeutics an industry rank of 100 out of 265 based on the ratings given to its competitors.

A number of brokerages recently commented on BLPH. Zacks Investment Research upgraded shares of Bellerophon Therapeutics from a “hold” rating to a “buy” rating and set a $1.25 target price for the company in a research note on Friday, September 15th. ValuEngine upgraded shares of Bellerophon Therapeutics from a “strong sell” rating to a “sell” rating in a research note on Friday, September 8th. Finally, HC Wainwright reiterated a “buy” rating and set a $5.00 target price on shares of Bellerophon Therapeutics in a research note on Wednesday, September 6th.

Hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. acquired a new position in shares of Bellerophon Therapeutics during the first quarter worth $125,000. Renaissance Technologies LLC lifted its position in Bellerophon Therapeutics by 99.7% in the first quarter. Renaissance Technologies LLC now owns 477,400 shares of the biotechnology company’s stock valued at $711,000 after acquiring an additional 238,300 shares during the last quarter. Vanguard Group Inc. lifted its position in Bellerophon Therapeutics by 52.6% in the second quarter. Vanguard Group Inc. now owns 612,641 shares of the biotechnology company’s stock valued at $821,000 after acquiring an additional 211,111 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in Bellerophon Therapeutics in the second quarter valued at $1,316,000. Finally, VHCP Management II LLC purchased a new stake in Bellerophon Therapeutics in the third quarter valued at $4,720,000. Hedge funds and other institutional investors own 43.55% of the company’s stock.

Bellerophon Therapeutics (NASDAQ:BLPH) opened at $2.06 on Friday. Bellerophon Therapeutics has a 12 month low of $0.48 and a 12 month high of $2.44.

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About Bellerophon Therapeutics

Bellerophon Therapeutics, Inc is a clinical-stage therapeutics company. The Company is focused on developing products at the intersection of drugs and devices that address medical needs in the treatment of cardiopulmonary diseases. The Company is focused on the development of its nitric oxide therapy for patients with pulmonary hypertension (PH), using its delivery system, INOpulse, with pulmonary arterial hypertension (PAH) as the lead indication.

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