Nabriva Therapeutics AG (NBRV) Rating Reiterated by Cantor Fitzgerald
Nabriva Therapeutics AG (NASDAQ:NBRV)‘s stock had its “buy” rating reiterated by equities research analysts at Cantor Fitzgerald in a research note issued on Friday. They currently have a $16.00 price objective on the biotechnology company’s stock. Cantor Fitzgerald’s price objective points to a potential upside of 74.86% from the company’s current price.
The analysts wrote, “Yesterday, after market close, Nabriva announced that Elyse Seltzer, M.D., is resigning as CMO effective 9/30/2017.””
Several other research firms have also recently commented on NBRV. Wedbush reiterated an “outperform” rating and set a $13.00 price target on shares of Nabriva Therapeutics AG in a report on Monday, May 15th. Zacks Investment Research upgraded shares of Nabriva Therapeutics AG from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Thursday, August 10th. HC Wainwright restated a “buy” rating and issued a $18.00 target price (up previously from $16.00) on shares of Nabriva Therapeutics AG in a report on Monday. ValuEngine cut shares of Nabriva Therapeutics AG from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, SunTrust Banks, Inc. started coverage on shares of Nabriva Therapeutics AG in a report on Friday, August 25th. They issued a “buy” rating and a $20.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. Nabriva Therapeutics AG currently has an average rating of “Buy” and an average price target of $16.25.
Shares of Nabriva Therapeutics AG (NASDAQ NBRV) opened at 9.15 on Friday. The company’s 50-day moving average is $9.73 and its 200-day moving average is $10.39. Nabriva Therapeutics AG has a 52-week low of $3.52 and a 52-week high of $12.75. The stock’s market cap is $245.57 million.
Nabriva Therapeutics AG (NASDAQ:NBRV) last posted its quarterly earnings results on Monday, August 7th. The biotechnology company reported ($0.54) EPS for the quarter, topping the consensus estimate of ($5.83) by $5.29. The firm had revenue of $1.05 million for the quarter, compared to analyst estimates of $1.34 million. Equities analysts anticipate that Nabriva Therapeutics AG will post ($2.34) EPS for the current year.
In related news, major shareholder Hbm Healthcare Investments (Ca sold 13,127 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $10.94, for a total value of $143,609.38. Following the completion of the sale, the insider now owns 2,583,229 shares in the company, valued at approximately $28,260,525.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders sold 241,923 shares of company stock valued at $2,567,274. 2.75% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in NBRV. Renaissance Technologies LLC purchased a new position in shares of Nabriva Therapeutics AG during the fourth quarter worth approximately $103,000. Nationwide Fund Advisors purchased a new position in shares of Nabriva Therapeutics AG during the first quarter worth approximately $2,074,000. Wellington Management Group LLP increased its position in shares of 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 during the last quarter. Almanack Investment Partners LLC. purchased a new position in shares of Nabriva Therapeutics AG during the first quarter worth approximately $1,870,000. Finally, Royal Bank of Canada increased its position in shares of Nabriva Therapeutics AG by 19.6% in the second quarter. Royal Bank of Canada now owns 52,807 shares of the biotechnology company’s stock worth $553,000 after buying an additional 8,650 shares during the last quarter. Hedge funds and other institutional investors own 68.56% 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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