Beyondspring (BYSI) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Beyondspring (NASDAQ:BYSI) from a sell rating to a hold rating in a report published on Tuesday morning.

According to Zacks, “BeyondSpring Inc. is a clinical stage biopharmaceutical company. It focused on the development of cancer therapies. The Company’s lead product consists of into a Phase 3 clinical trial as a direct anticancer agent in non-small cell lung cancer and a Phase 2/3 clinical trial in the prevention of chemotherapy-induced Neutropenia. BeyondSpring Inc. is based in New York, United States. “

Several other analysts also recently weighed in on the stock. Maxim Group set a $52.00 target price on shares of Beyondspring and gave the company a buy rating in a report on Thursday, December 14th. HC Wainwright set a $60.00 target price on shares of Beyondspring and gave the company a buy rating in a report on Friday, December 15th. Finally, Seaport Global Securities initiated coverage on shares of Beyondspring in a report on Tuesday, December 5th. They issued a buy rating and a $56.00 target price for the company. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Beyondspring presently has an average rating of Buy and a consensus price target of $54.50.

Shares of Beyondspring (NASDAQ:BYSI) opened at $25.74 on Tuesday. Beyondspring has a 1-year low of $16.55 and a 1-year high of $48.49.

Beyondspring (NASDAQ:BYSI) last posted its earnings results on Thursday, November 9th. The company reported ($0.68) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.69) by $0.01. equities analysts anticipate that Beyondspring will post -4.41 earnings per share for the current year.

A hedge fund recently bought a new stake in Beyondspring stock. Tanaka Capital Management Inc. bought a new stake in Beyondspring Inc (NASDAQ:BYSI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 21,322 shares of the company’s stock, valued at approximately $914,000. Beyondspring comprises about 2.1% of Tanaka Capital Management Inc.’s investment portfolio, making the stock its 16th largest position. Tanaka Capital Management Inc. owned about 0.10% of Beyondspring at the end of the most recent quarter. 1.22% of the stock is owned by institutional investors.

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About Beyondspring

BeyondSpring Inc is a global clinical-stage biopharmaceutical company. The Company is focused on the development of cancer therapies. The Company is engaged in advancing its lead product, Plinabulin, into a Phase II/III clinical trial for the reduction of docetaxel chemotherapy-induced severe, grade 4 neutropenia; a Phase II/III clinical trial for the prevention of non-docetaxel chemotherapy-induced severe, grade 4 neutropenia, and a Phase III clinical trial as an anticancer agent in combination with docetaxel in advanced non-small cell lung cancer (NSCLC).

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