Biohaven Pharmaceutical Holding Co Ltd (BHVN) Receives Consensus Recommendation of “Buy” from Brokerages

Biohaven Pharmaceutical Holding Co Ltd (NYSE:BHVN) has received an average rating of “Buy” from the eight ratings firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating and six have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $36.40.

A number of equities research analysts have commented on BHVN shares. Piper Jaffray Companies set a $48.00 price objective on Biohaven Pharmaceutical and gave the stock a “buy” rating in a research report on Monday, December 11th. Needham & Company LLC restated a “buy” rating and set a $36.00 price objective on shares of Biohaven Pharmaceutical in a research report on Wednesday, November 15th. BidaskClub lowered Biohaven Pharmaceutical from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 14th. Canaccord Genuity started coverage on Biohaven Pharmaceutical in a research report on Friday, December 15th. They set a “buy” rating and a $30.00 price objective for the company. Finally, Zacks Investment Research upgraded Biohaven Pharmaceutical from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Monday, December 4th.

In other news, Director Declan Doogan sold 121,942 shares of Biohaven Pharmaceutical stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $26.78, for a total transaction of $3,265,606.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gregory Bailey sold 20,600 shares of Biohaven Pharmaceutical stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $25.92, for a total value of $533,952.00. Following the sale, the director now owns 1,289,699 shares of the company’s stock, valued at $33,428,998.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,041,569 shares of company stock valued at $28,816,901.

Several institutional investors have recently made changes to their positions in the company. Emerald Advisers Inc. PA lifted its holdings in shares of Biohaven Pharmaceutical by 52.0% during the 4th quarter. Emerald Advisers Inc. PA now owns 369,782 shares of the company’s stock valued at $9,977,000 after buying an additional 126,455 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Biohaven Pharmaceutical by 55.6% during the 4th quarter. American Century Companies Inc. now owns 57,216 shares of the company’s stock valued at $1,544,000 after buying an additional 20,444 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Biohaven Pharmaceutical during the 3rd quarter valued at about $302,000. Perceptive Advisors LLC acquired a new stake in shares of Biohaven Pharmaceutical during the 3rd quarter valued at about $11,443,000. Finally, Janus Henderson Group PLC acquired a new stake in shares of Biohaven Pharmaceutical during the 3rd quarter valued at about $25,751,000. Institutional investors and hedge funds own 47.76% of the company’s stock.

Biohaven Pharmaceutical (NYSE:BHVN) opened at $32.49 on Wednesday. The firm has a market capitalization of $1,170.00 and a PE ratio of -6.22. Biohaven Pharmaceutical has a 12 month low of $17.00 and a 12 month high of $39.51.

Biohaven Pharmaceutical (NYSE:BHVN) last announced its quarterly earnings data on Tuesday, November 14th. The company reported ($1.19) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.22) by $0.03. sell-side analysts anticipate that Biohaven Pharmaceutical will post -6.4 earnings per share for the current year.

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About Biohaven Pharmaceutical

Biohaven Pharmaceutical Holding Company Ltd. is a United States-based biopharmaceutical company. The Company is engaged in the identification and development of clinical-stage compounds targeting orphan neurologic indications and other neurological pathways. It has a portfolio of multiple late-stage drug candidates.

Analyst Recommendations for Biohaven Pharmaceutical (NYSE:BHVN)

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