Sphera Funds Management LTD. increased its stake in Vistagen Therapeutics Inc (NASDAQ:VTGN) by 22.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,673,918 shares of the company’s stock after purchasing an additional 302,026 shares during the period. Sphera Funds Management LTD. owned 5.39% of Vistagen Therapeutics worth $2,427,000 as of its most recent filing with the Securities & Exchange Commission.
Shares of NASDAQ VTGN opened at $1.76 on Friday. Vistagen Therapeutics Inc has a 12 month low of $0.81 and a 12 month high of $2.44. The company has a market cap of $52.80 million, a price-to-earnings ratio of -1.59 and a beta of -1.58.
Vistagen Therapeutics (NASDAQ:VTGN) last announced its quarterly earnings data on Monday, October 29th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.13). Equities research analysts predict that Vistagen Therapeutics Inc will post -1.1 earnings per share for the current year.
A number of analysts recently commented on the stock. Oppenheimer set a $6.00 target price on shares of Vistagen Therapeutics and gave the stock a “buy” rating in a research note on Sunday, November 4th. Maxim Group set a $6.00 target price on shares of Vistagen Therapeutics and gave the stock a “buy” rating in a research note on Wednesday, October 3rd. ValuEngine upgraded shares of Vistagen Therapeutics from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Finally, Zacks Investment Research upgraded shares of Vistagen Therapeutics from a “hold” rating to a “buy” rating and set a $1.50 target price for the company in a research note on Thursday, August 30th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $8.30.
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About Vistagen Therapeutics
VistaGen Therapeutics, Inc, a clinical-stage biopharmaceutical company, engages in developing and commercializing medicines for depression and other central nervous system (CNS) disorders. The company's lead product candidate is AV-101, which is in Phase II development stage, an adjunctive treatment used for major depressive disorder.
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