Nivalis Therapeutics Inc. (NVLS) Downgraded to Neutral at Robert W. Baird
Robert W. Baird lowered shares of Nivalis Therapeutics Inc. (NASDAQ:NVLS) from an outperform rating to a neutral rating in a research report released on Tuesday. The firm currently has $3.00 price target on the stock, down from their previous price target of $29.00.
A number of other research analysts also recently issued reports on the stock. Raymond James Financial Inc. initiated coverage on shares of Nivalis Therapeutics in a research report on Tuesday, September 13th. They issued an outperform rating and a $20.00 price objective on the stock. Stifel Nicolaus downgraded shares of Nivalis Therapeutics from a buy rating to a hold rating and cut their price objective for the stock from $16.00 to $3.25 in a research report on Tuesday. Piper Jaffray Cos. reaffirmed a buy rating and issued a $16.00 price objective on shares of Nivalis Therapeutics in a research report on Tuesday, August 30th. HC Wainwright reaffirmed a buy rating on shares of Nivalis Therapeutics in a research report on Monday, August 8th. Finally, Zacks Investment Research raised shares of Nivalis Therapeutics from a sell rating to a buy rating and set a $8.50 price objective on the stock in a research report on Thursday, October 20th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of $9.00.
Nivalis Therapeutics (NASDAQ:NVLS) opened at 2.57 on Tuesday. Nivalis Therapeutics has a 12 month low of $3.68 and a 12 month high of $9.45. The company’s market cap is $39.95 million. The company’s 50-day moving average is $6.46 and its 200-day moving average is $5.84.
Nivalis Therapeutics (NASDAQ:NVLS) last issued its quarterly earnings data on Monday, November 7th. The company reported ($0.48) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.11. On average, equities research analysts expect that Nivalis Therapeutics will post ($2.10) EPS for the current fiscal year.
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In other Nivalis Therapeutics news, EVP David Malcom Rodman sold 5,820 shares of Nivalis Therapeutics stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $7.96, for a total transaction of $46,327.20. Following the completion of the sale, the executive vice president now directly owns 18,056 shares in the company, valued at approximately $143,725.76. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.00% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Paloma Partners Management Co acquired a new stake in shares of Nivalis Therapeutics during the second quarter valued at approximately $105,000. Bank of New York Mellon Corp boosted its stake in shares of Nivalis Therapeutics by 7.8% in the third quarter. Bank of New York Mellon Corp now owns 16,494 shares of the company’s stock valued at $134,000 after buying an additional 1,189 shares during the last quarter. Spark Investment Management LLC acquired a new stake in shares of Nivalis Therapeutics during the third quarter valued at approximately $145,000. Endurant Capital Management LP boosted its stake in shares of Nivalis Therapeutics by 29.8% in the third quarter. Endurant Capital Management LP now owns 85,412 shares of the company’s stock valued at $694,000 after buying an additional 19,629 shares during the last quarter. Finally, Opaleye Management Inc. boosted its stake in shares of Nivalis Therapeutics by 160.0% in the second quarter. Opaleye Management Inc. now owns 260,000 shares of the company’s stock valued at $1,287,000 after buying an additional 160,000 shares during the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.
Nivalis Therapeutics Company Profile
Nivalis Therapeutics, Inc is a clinical-stage pharmaceutical company. The Company discovers, develops and commercializes product candidates for patients with cystic fibrosis (CF). It focuses on utilizing its S-nitrosoglutathione reductase (GSNOR) inhibitor portfolio to develop therapeutics for other diseases.
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