Cantor Fitzgerald Analysts Give Nabriva Therapeutics AG (NASDAQ:NBRV) a $16.00 Price Target
Cantor Fitzgerald set a $16.00 price target on Nabriva Therapeutics AG (NASDAQ:NBRV) in a report issued on Tuesday, July 11th. The firm currently has a buy rating on the biotechnology company’s stock.
NBRV has been the subject of a number of other research reports. Needham & Company LLC restated a buy rating and set a $15.00 target price on shares of Nabriva Therapeutics AG in a research report on Monday, March 27th. HC Wainwright restated a buy rating on shares of Nabriva Therapeutics AG in a research report on Friday, May 12th. ValuEngine upgraded shares of Nabriva Therapeutics AG from a sell rating to a hold rating in a research report on Saturday, June 24th. Wedbush restated an outperform rating and set a $13.00 target price on shares of Nabriva Therapeutics AG in a research report on Monday, May 15th. Finally, Zacks Investment Research upgraded shares of Nabriva Therapeutics AG from a hold rating to a buy rating and set a $11.00 target price for the company in a research report on Saturday, May 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $15.43.
Shares of Nabriva Therapeutics AG (NASDAQ:NBRV) traded up 6.06% on Tuesday, hitting $10.50. 53,244 shares of the stock traded hands. The firm’s market cap is $28.57 million. Nabriva Therapeutics AG has a 52 week low of $3.52 and a 52 week high of $12.75. The stock has a 50-day moving average price of $10.26 and a 200 day moving average price of $10.28.
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In other Nabriva Therapeutics AG news, Director George Harrison Talbot sold 325 shares of the firm’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $100.56, for a total transaction of $32,682.00. Following the transaction, the director now owns 3,854 shares of the company’s stock, valued at approximately $387,558.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Hbm Healthcare Investments (Ca sold 2,695 shares of the firm’s stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $10.52, for a total transaction of $28,351.40. Following the transaction, the insider now directly owns 2,569,315 shares in the company, valued at approximately $27,029,193.80. The disclosure for this sale can be found here. In the last three months, insiders sold 205,115 shares of company stock worth $2,252,057.
Several hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC purchased a new stake in Nabriva Therapeutics AG during the fourth quarter worth $103,000. Almanack Investment Partners LLC. purchased a new stake in Nabriva Therapeutics AG during the first quarter worth $1,870,000. Nationwide Fund Advisors purchased a new stake in Nabriva Therapeutics AG during the first quarter worth $2,074,000. Finally, Wellington Management Group LLP boosted its stake in Nabriva Therapeutics AG by 9.9% in the first quarter. Wellington Management Group LLP now owns 2,154,261 shares of the biotechnology company’s stock worth $25,830,000 after buying an additional 193,951 shares in the last quarter. Institutional investors and hedge funds own 56.65% of the company’s stock.
Nabriva Therapeutics AG Company Profile
Nabriva Therapeutics plc is a clinical stage biopharmaceutical company. The Company is engaged in engaged in the research and development of novel anti-infectives to treat serious infections, with a focus on the pleuromutilin class of antibiotics. The Company’s medicinal chemistry has enabled targeted discovery of novel pleuromutilins, including both intravenous and oral formulations of its lead product candidate, lefamulin.
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