Evoke Pharma Inc (EVOK) Given Average Recommendation of “Buy” by Analysts

Shares of Evoke Pharma Inc (NASDAQ:EVOK) have been given a consensus rating of “Buy” by the nine research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $9.14.

A number of research analysts recently commented on EVOK shares. FBR & Co reaffirmed a “buy” rating and issued a $10.00 price target on shares of Evoke Pharma in a report on Thursday, October 19th. Northland Securities reissued a “buy” rating and issued a $10.00 price objective on shares of Evoke Pharma in a research note on Wednesday, October 18th. HC Wainwright reissued a “buy” rating and issued a $9.00 price objective on shares of Evoke Pharma in a research note on Tuesday, October 24th. Zacks Investment Research raised shares of Evoke Pharma from a “sell” rating to a “hold” rating in a research note on Monday, November 20th. Finally, ValuEngine downgraded shares of Evoke Pharma from a “sell” rating to a “strong sell” rating in a research note on Friday, December 1st.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sphera Funds Management LTD. lifted its stake in Evoke Pharma by 34.7% in the fourth quarter. Sphera Funds Management LTD. now owns 769,149 shares of the specialty pharmaceutical company’s stock worth $1,738,000 after purchasing an additional 198,127 shares during the last quarter. Vanguard Group Inc. lifted its stake in Evoke Pharma by 15.1% in the second quarter. Vanguard Group Inc. now owns 523,650 shares of the specialty pharmaceutical company’s stock worth $1,341,000 after purchasing an additional 68,544 shares during the last quarter. B. Riley Financial Inc. bought a new stake in Evoke Pharma in the fourth quarter worth about $249,000. Finally, Creative Planning bought a new stake in shares of Evoke Pharma during the fourth quarter valued at approximately $226,000. 14.29% of the stock is owned by institutional investors and hedge funds.

Shares of Evoke Pharma (NASDAQ EVOK) traded up $0.03 during trading hours on Tuesday, hitting $2.44. 29,790 shares of the company were exchanged, compared to its average volume of 70,346. Evoke Pharma has a 1 year low of $2.19 and a 1 year high of $4.55. The company has a market cap of $37.15, a P/E ratio of -2.60 and a beta of 1.26.

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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.

Analyst Recommendations for Evoke Pharma (NASDAQ:EVOK)

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