DBV Technologies (NASDAQ:DBVT) Price Target Raised to $47.00

DBV Technologies (NASDAQ:DBVTFree Report) had its price target lifted by Citizens Jmp from $45.00 to $47.00 in a research note published on Friday,Benzinga reports. The brokerage currently has a market outperform rating on the stock.

Several other analysts also recently commented on the company. Citigroup reiterated an “outperform” rating on shares of DBV Technologies in a research note on Wednesday, December 17th. Cantor Fitzgerald set a $48.00 price objective on DBV Technologies in a research report on Wednesday, December 17th. HC Wainwright set a $40.00 price objective on DBV Technologies in a report on Thursday, December 18th. Guggenheim restated a “buy” rating and set a $51.00 target price on shares of DBV Technologies in a research note on Friday. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of DBV Technologies in a report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.65.

Read Our Latest Analysis on DBVT

DBV Technologies Stock Performance

Shares of DBV Technologies stock opened at $20.00 on Friday. The company has a 50-day simple moving average of $21.58 and a two-hundred day simple moving average of $17.33. The stock has a market capitalization of $1.11 billion, a PE ratio of -3.83 and a beta of -0.97. DBV Technologies has a 52-week low of $5.30 and a 52-week high of $26.18.

DBV Technologies (NASDAQ:DBVTGet Free Report) last posted its quarterly earnings results on Thursday, March 26th. The company reported ($1.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.96). The firm had revenue of $0.64 million for the quarter, compared to analysts’ expectations of $1.06 million. DBV Technologies had a negative net margin of 2,606.83% and a negative return on equity of 189.17%. As a group, equities research analysts forecast that DBV Technologies will post -7.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in shares of DBV Technologies by 38.4% during the 4th quarter. GAMMA Investing LLC now owns 2,680 shares of the company’s stock valued at $51,000 after purchasing an additional 744 shares during the period. Truvestments Capital LLC boosted its holdings in shares of DBV Technologies by 71.3% in the fourth quarter. Truvestments Capital LLC now owns 3,892 shares of the company’s stock worth $75,000 after buying an additional 1,620 shares during the last quarter. Allworth Financial LP bought a new stake in DBV Technologies during the fourth quarter valued at approximately $32,000. Royal Bank of Canada purchased a new stake in DBV Technologies during the fourth quarter valued at approximately $34,000. Finally, New York State Common Retirement Fund purchased a new stake in DBV Technologies during the third quarter valued at approximately $34,000. 71.74% of the stock is owned by hedge funds and other institutional investors.

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DBV Technologies Company Profile

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DBV Technologies SA is a clinical-stage biopharmaceutical company engaged in developing immunotherapies for allergic diseases. The company specializes in epicutaneous immunotherapy, leveraging its proprietary Viaskin platform to deliver biologically active compounds across intact skin without needles or injections. Through this approach, DBV aims to modulate patients’ immune response to specific allergens, offering a potentially safer and more convenient alternative to traditional therapies.

The company’s lead product candidate, Viaskin Peanut, is designed for the treatment of peanut allergy in children and adolescents.

Further Reading

Analyst Recommendations for DBV Technologies (NASDAQ:DBVT)

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