BidaskClub Lowers Dova Pharmaceuticals (DOVA) to Sell
Dova Pharmaceuticals (NASDAQ:DOVA) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a report released on Friday.
Several other brokerages also recently issued reports on DOVA. Leerink Swann upgraded shares of Dova Pharmaceuticals from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research report on Tuesday, September 26th. Jefferies Group boosted their price objective on Dova Pharmaceuticals to $33.00 and gave the stock a “buy” rating in a report on Tuesday, November 28th. Finally, Zacks Investment Research cut Dova Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $32.75.
Shares of Dova Pharmaceuticals (NASDAQ DOVA) traded up $2.20 during midday trading on Friday, reaching $28.55. 92,875 shares of the company traded hands, compared to its average volume of 93,891. The firm has a market cap of $793.52 and a P/E ratio of -32.08. Dova Pharmaceuticals has a 1-year low of $16.98 and a 1-year high of $32.75.
A number of large investors have recently made changes to their positions in DOVA. California State Teachers Retirement System bought a new stake in Dova Pharmaceuticals during the 3rd quarter worth about $202,000. Laurion Capital Management LP bought a new stake in Dova Pharmaceuticals during the 2nd quarter worth about $223,000. Schwab Charles Investment Management Inc. bought a new stake in Dova Pharmaceuticals during the 3rd quarter worth about $241,000. Bank of New York Mellon Corp bought a new stake in Dova Pharmaceuticals during the 3rd quarter worth about $340,000. Finally, JPMorgan Chase & Co. bought a new stake in Dova Pharmaceuticals during the 2nd quarter worth about $382,000. 26.20% of the stock is owned by hedge funds and other institutional investors.
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Dova Pharmaceuticals Company Profile
Dova Pharmaceuticals, Inc is a clinical-stage pharmaceutical company. The Company is focused on acquiring, developing and commercializing drug candidates. The Company’s initial focus is on thrombocytopenia, a disorder characterized by a low blood platelet count. The Company is developing avatrombopag for treatment of thrombocytopenia in patients with chronic liver disease (CLD).
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