Shares of Nabriva Therapeutics AG (NASDAQ:NBRV) have earned a consensus recommendation of “Buy” from the nine research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $20.43.
Several equities analysts have recently weighed in on the stock. SunTrust Banks, Inc. assumed coverage on shares of Nabriva Therapeutics AG in a research note on Friday, August 25th. They issued a “buy” rating and a $20.00 price target on the stock. Cantor Fitzgerald reissued a “buy” rating and issued a $16.00 price target on shares of Nabriva Therapeutics AG in a research note on Friday, September 1st. Zacks Investment Research downgraded shares of Nabriva Therapeutics AG from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. HC Wainwright raised their price target on shares of Nabriva Therapeutics AG from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $18.00 price target (up from $15.00) on shares of Nabriva Therapeutics AG in a research note on Tuesday, September 19th.
Nabriva Therapeutics AG (NASDAQ NBRV) opened at $5.64 on Thursday. Nabriva Therapeutics AG has a twelve month low of $3.52 and a twelve month high of $14.10.
Nabriva Therapeutics AG (NASDAQ:NBRV) last posted its quarterly earnings results on Monday, August 7th. The biotechnology company reported ($0.54) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($5.83) by $5.29. The business had revenue of $1.05 million during the quarter, compared to analysts’ expectations of $1.34 million. equities research analysts forecast that Nabriva Therapeutics AG will post -2.35 earnings per share for the current year.
In related news, major shareholder Hbm Healthcare Investments (Ca sold 36,608 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $8.56, for a total transaction of $313,364.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Vivo Capital Viii, Llc acquired 52,631 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were purchased at an average price of $9.46 per share, with a total value of $497,889.26. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 57,219 shares of company stock valued at $535,919. 2.75% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in NBRV. Almanack Investment Partners LLC. increased its position in Nabriva Therapeutics AG by 482.2% during the second quarter. Almanack Investment Partners LLC. now owns 907,183 shares of the biotechnology company’s stock worth $1,633,000 after purchasing an additional 751,366 shares during the last quarter. Commonwealth Equity Services Inc increased its position in Nabriva Therapeutics AG by 109.7% during the third quarter. Commonwealth Equity Services Inc now owns 26,760 shares of the biotechnology company’s stock worth $219,000 after purchasing an additional 14,000 shares during the last quarter. Royal Bank of Canada increased its position in Nabriva Therapeutics AG by 19.6% during the second quarter. Royal Bank of Canada now owns 52,807 shares of the biotechnology company’s stock worth $553,000 after purchasing an additional 8,650 shares during the last quarter. Finally, Nationwide Fund Advisors increased its position in Nabriva Therapeutics AG by 4.6% during the second quarter. Nationwide Fund Advisors now owns 180,924 shares of the biotechnology company’s stock worth $2,032,000 after purchasing an additional 7,924 shares during the last quarter. Hedge funds and other institutional investors own 50.24% 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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