Dova Pharmaceuticals Inc’s Lock-Up Period To Expire on December 26th (NASDAQ:DOVA)
Dova Pharmaceuticals’ (NASDAQ:DOVA) lock-up period will expire on Tuesday, December 26th. Dova Pharmaceuticals had issued 4,415,000 shares in its IPO on June 29th. The total size of the offering was $75,055,000 based on an initial share price of $17.00. After the expiration of Dova Pharmaceuticals’ lock-up period, company insiders and major shareholders will be able to sell their shares of the company.
A number of equities research analysts have commented on DOVA shares. Zacks Investment Research raised shares of Dova Pharmaceuticals from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Wednesday, October 11th. Leerink Swann raised shares of Dova Pharmaceuticals from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a research report on Tuesday, September 26th. Finally, Jefferies Group increased their price objective on shares of Dova Pharmaceuticals to $33.00 and gave the company a “buy” rating in a research report on Tuesday, November 28th.
Dova Pharmaceuticals (NASDAQ:DOVA) opened at $28.50 on Thursday. Dova Pharmaceuticals has a twelve month low of $16.98 and a twelve month high of $32.75.
Several institutional investors have recently modified their holdings of DOVA. California State Teachers Retirement System acquired a new position in shares of Dova Pharmaceuticals in the 3rd quarter valued at $202,000. Laurion Capital Management LP acquired a new position in shares of Dova Pharmaceuticals in the 2nd quarter valued at $223,000. Schwab Charles Investment Management Inc. acquired a new position in shares of Dova Pharmaceuticals in the 3rd quarter valued at $241,000. Bank of New York Mellon Corp acquired a new position in shares of Dova Pharmaceuticals in the 3rd quarter valued at $340,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of Dova Pharmaceuticals in the 2nd quarter valued at $382,000. Institutional investors and hedge funds own 26.20% of the company’s stock.
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Dova Pharmaceuticals Company Profile
Dova Pharmaceuticals, Inc is a clinical-stage pharmaceutical company. The Company is focused on acquiring, developing and commercializing drug candidates. The Company’s initial focus is on thrombocytopenia, a disorder characterized by a low blood platelet count. The Company is developing avatrombopag for treatment of thrombocytopenia in patients with chronic liver disease (CLD).
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