Sophiris Bio (NASDAQ:SPHS) has been given a $6.00 price objective by analysts at HC Wainwright in a research report issued on Wednesday. The brokerage presently has a “buy” rating on the biopharmaceutical company’s stock. HC Wainwright’s price target would indicate a potential upside of 164.32% from the company’s previous close.
A number of other brokerages also recently issued reports on SPHS. Maxim Group set a $6.00 price target on Sophiris Bio and gave the stock a “buy” rating in a research report on Monday, October 2nd. ValuEngine raised Sophiris Bio from a “strong sell” rating to a “sell” rating in a research report on Friday, December 15th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $6.25.
Shares of Sophiris Bio (NASDAQ:SPHS) opened at $2.27 on Wednesday. The stock has a market capitalization of $68.95, a P/E ratio of -17.46 and a beta of 2.03. Sophiris Bio has a 12-month low of $1.80 and a 12-month high of $3.24. The company has a debt-to-equity ratio of 0.60, a quick ratio of 13.37 and a current ratio of 13.37.
A number of large investors have recently modified their holdings of SPHS. Boxer Capital LLC acquired a new stake in Sophiris Bio during the fourth quarter worth approximately $1,780,000. Rock Springs Capital Management LP acquired a new stake in Sophiris Bio during the fourth quarter worth approximately $1,138,000. Oxford Asset Management acquired a new stake in Sophiris Bio during the fourth quarter worth approximately $491,000. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Sophiris Bio in the 2nd quarter valued at $120,000. Finally, Hudson Bay Capital Management LP acquired a new stake in shares of Sophiris Bio in the 3rd quarter valued at $100,000. 5.47% of the stock is currently owned by institutional investors and hedge funds.
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About Sophiris Bio
Sophiris Bio, Inc, formerly Protox Therapeutics Inc, is a Canada-based biopharmaceutical company focused on the research, development and commercialization of products for the treatment of urological diseases. The Company has operations based in San Diego developing a treatment for benign prostatic hyperplasia (benign prostatic hyperplasia (BPH) or enlarged prostate).
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