Evoke Pharma Inc (NASDAQ:EVOK) has been given a consensus rating of “Buy” by the ten brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $9.00.
EVOK has been the topic of several recent research reports. FBR & Co reissued a “buy” rating and issued a $10.00 price target on shares of Evoke Pharma in a research note on Monday, October 30th. ValuEngine downgraded Evoke Pharma from a “sell” rating to a “strong sell” rating in a research note on Friday, December 1st. Zacks Investment Research raised Evoke Pharma from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 12th. Seaport Global Securities reissued a “buy” rating and issued a $10.00 price target on shares of Evoke Pharma in a research note on Friday, October 6th. Finally, Northland Securities reissued a “buy” rating and issued a $10.00 price target on shares of Evoke Pharma in a research note on Wednesday, October 18th.
Evoke Pharma (NASDAQ EVOK) traded down $0.05 on Friday, hitting $2.66. The company’s stock had a trading volume of 84,044 shares, compared to its average volume of 74,969. Evoke Pharma has a 1 year low of $2.19 and a 1 year high of $4.55. The firm has a market cap of $41.00, a P/E ratio of -2.83 and a beta of 1.09.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Creative Planning bought a new position in shares of Evoke Pharma in the 4th quarter valued at about $226,000. Vanguard Group Inc. grew its holdings in shares of Evoke Pharma by 15.1% in the 2nd quarter. Vanguard Group Inc. now owns 523,650 shares of the specialty pharmaceutical company’s stock valued at $1,341,000 after acquiring an additional 68,544 shares in the last quarter. Finally, Sphera Funds Management LTD. grew its holdings in shares of Evoke Pharma by 14.2% in the 3rd quarter. Sphera Funds Management LTD. now owns 571,022 shares of the specialty pharmaceutical company’s stock valued at $1,907,000 after acquiring an additional 71,022 shares in the last quarter. Institutional investors own 13.64% of the company’s stock.
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Evoke Pharma Company Profile
Evoke Pharma, Inc is a specialty pharmaceutical company. The Company is focused primarily on the development of drugs to treat gastrointestinal (GI) disorders and diseases. The Company is developing EVK-001, a metoclopramide nasal spray for the relief of symptoms associated with acute and recurrent diabetic gastroparesis in women.
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