MoonLake Immunotherapeutics (NASDAQ:MLTX) Earns Buy Rating from HC Wainwright

MoonLake Immunotherapeutics (NASDAQ:MLTXGet Free Report)‘s stock had its “buy” rating reiterated by equities research analysts at HC Wainwright in a note issued to investors on Friday,Benzinga reports. They presently have a $32.00 price target on the stock, up from their prior price target of $26.00. HC Wainwright’s target price suggests a potential upside of 73.07% from the stock’s previous close.

Several other brokerages have also recently weighed in on MLTX. Guggenheim reduced their price target on MoonLake Immunotherapeutics from $80.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, September 30th. Stifel Nicolaus lowered shares of MoonLake Immunotherapeutics from a “buy” rating to a “hold” rating and set a $13.00 target price for the company. in a report on Monday, September 29th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $7.00 target price on shares of MoonLake Immunotherapeutics in a research note on Wednesday, October 1st. Citigroup lowered shares of MoonLake Immunotherapeutics from a “neutral” rating to a “sell” rating in a research report on Wednesday, October 29th. Finally, Needham & Company LLC decreased their price objective on shares of MoonLake Immunotherapeutics from $66.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, September 30th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $25.54.

Get Our Latest Research Report on MLTX

MoonLake Immunotherapeutics Trading Up 28.9%

NASDAQ MLTX opened at $18.49 on Friday. MoonLake Immunotherapeutics has a 1 year low of $5.95 and a 1 year high of $62.75. The company has a debt-to-equity ratio of 0.25, a current ratio of 8.50 and a quick ratio of 8.50. The company has a market capitalization of $1.19 billion, a PE ratio of -5.57 and a beta of 1.21. The company has a fifty day moving average of $13.18 and a 200 day moving average of $31.46.

MoonLake Immunotherapeutics (NASDAQ:MLTXGet Free Report) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($1.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.89) by ($0.21). During the same quarter last year, the firm posted ($0.56) earnings per share. Research analysts forecast that MoonLake Immunotherapeutics will post -1.79 earnings per share for the current year.

Insider Buying and Selling at MoonLake Immunotherapeutics

In other news, CEO Da Silva Jorge Santos sold 70,000 shares of MoonLake Immunotherapeutics stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $14.49, for a total value of $1,014,300.00. Following the sale, the chief executive officer owned 2,878,577 shares in the company, valued at $41,710,580.73. This trade represents a 2.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kristian Reich sold 72,908 shares of the business’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $14.43, for a total transaction of $1,052,062.44. The SEC filing for this sale provides additional information. In the last three months, insiders sold 402,908 shares of company stock valued at $5,987,162. 12.02% of the stock is owned by insiders.

Institutional Investors Weigh In On MoonLake Immunotherapeutics

Institutional investors have recently bought and sold shares of the company. Schonfeld Strategic Advisors LLC purchased a new stake in MoonLake Immunotherapeutics during the 3rd quarter worth approximately $6,922,000. Two Sigma Investments LP purchased a new stake in shares of MoonLake Immunotherapeutics during the third quarter worth approximately $3,257,000. Vestal Point Capital LP increased its position in shares of MoonLake Immunotherapeutics by 175.0% during the second quarter. Vestal Point Capital LP now owns 550,000 shares of the company’s stock worth $25,960,000 after purchasing an additional 350,000 shares in the last quarter. Balyasny Asset Management L.P. raised its stake in MoonLake Immunotherapeutics by 436.8% in the 2nd quarter. Balyasny Asset Management L.P. now owns 423,170 shares of the company’s stock valued at $19,974,000 after purchasing an additional 344,335 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in MoonLake Immunotherapeutics by 3,343.2% in the 1st quarter. Millennium Management LLC now owns 344,320 shares of the company’s stock valued at $13,453,000 after purchasing an additional 334,320 shares in the last quarter. 93.85% of the stock is currently owned by institutional investors and hedge funds.

MoonLake Immunotherapeutics News Roundup

Here are the key news stories impacting MoonLake Immunotherapeutics this week:

MoonLake Immunotherapeutics Company Profile

(Get Free Report)

MoonLake Immunotherapeutics is a clinical-stage biopharmaceutical company focused on the discovery and development of novel immunomodulatory therapies for autoimmune and inflammatory diseases. The company leverages a proprietary platform designed to selectively modulate key immune cell populations, aiming to restore immune balance and reduce tissue damage with targeted biologic candidates.

Its lead asset, MLTX101, is a recombinant immune cell modulator in clinical development for myositis, including inclusion body myositis and dermatomyositis.

Further Reading

Analyst Recommendations for MoonLake Immunotherapeutics (NASDAQ:MLTX)

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