HC Wainwright Analysts Give Evoke Pharma (EVOK) a $9.00 Price Target
Several other equities research analysts also recently commented on EVOK. Zacks Investment Research downgraded Evoke Pharma from a hold rating to a sell rating in a report on Thursday, August 17th. ValuEngine raised Evoke Pharma from a sell rating to a hold rating in a report on Saturday, August 26th. Seaport Global Securities reissued a buy rating and issued a $10.00 target price on shares of Evoke Pharma in a report on Friday, October 6th. Northland Securities reissued a buy rating and issued a $10.00 target price on shares of Evoke Pharma in a report on Wednesday, October 18th. Finally, FBR & Co reissued a buy rating and issued a $10.00 target price on shares of Evoke Pharma in a report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $9.00.
Evoke Pharma (EVOK) remained flat at $$2.67 during midday trading on Wednesday. 27,243 shares of the company traded hands, compared to its average volume of 350,959. Evoke Pharma has a 52-week low of $1.42 and a 52-week high of $4.55.
Institutional investors have recently added to or reduced their stakes in the business. Sphera Funds Management LTD. lifted its holdings in shares of Evoke Pharma by 14.2% during the third quarter. Sphera Funds Management LTD. now owns 571,022 shares of the specialty pharmaceutical company’s stock valued at $1,907,000 after purchasing an additional 71,022 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Evoke Pharma by 15.1% during the second quarter. Vanguard Group Inc. now owns 523,650 shares of the specialty pharmaceutical company’s stock valued at $1,341,000 after purchasing an additional 68,544 shares in the last quarter. Finally, State Treasurer State of Michigan lifted its holdings in shares of Evoke Pharma by 37.0% during the second quarter. State Treasurer State of Michigan now owns 400,000 shares of the specialty pharmaceutical company’s stock valued at $1,024,000 after purchasing an additional 108,034 shares in the last quarter. 13.64% of the stock is currently owned by institutional investors and hedge funds.
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About Evoke Pharma
Evoke Pharma, Inc is a specialty pharmaceutical company. The Company is focused primarily on the development of drugs to treat gastrointestinal (GI) disorders and diseases. The Company is developing EVK-001, a metoclopramide nasal spray for the relief of symptoms associated with acute and recurrent diabetic gastroparesis in women.
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