Nabriva Therapeutics AG (NASDAQ:NBRV) Upgraded to Buy by Zacks Investment Research
Nabriva Therapeutics AG (NASDAQ:NBRV) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday. The firm currently has a $12.00 price target on the biotechnology company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 22.70% from the company’s current price.
According to Zacks, “Nabriva Therapeutics AG is a biopharmaceutical company. The Company is involved in the research and development of novel anti-infective agents to treat serious infections, which focus on the pleuromutilin class of antibiotics. Its product candidate consists of BC-3781, developed for the treatment of serious skin infections and bacterial pneumonia caused by MRSA and other drug resistant bacteria; BC-7013, a topical pleuromutilin antibiotic which are in different clinical trial. Nabriva Therapeutics AG is based in Vienna, Austria. “
NBRV has been the topic of several other research reports. HC Wainwright reiterated a “buy” rating on shares of Nabriva Therapeutics AG in a research report on Friday, May 12th. Cantor Fitzgerald set a $16.00 target price on Nabriva Therapeutics AG and gave the stock a “buy” rating in a research report on Monday, June 5th. Wedbush reiterated an “outperform” rating and set a $13.00 target price on shares of Nabriva Therapeutics AG in a research report on Monday, May 15th. Finally, ValuEngine upgraded Nabriva Therapeutics AG from a “sell” rating to a “hold” rating in a research report on Saturday, June 24th. One analyst has rated the stock with a sell rating and seven have assigned a buy rating to the stock. Nabriva Therapeutics AG has a consensus rating of “Buy” and an average target price of $15.43.
Nabriva Therapeutics AG (NASDAQ NBRV) opened at 9.78 on Thursday. The stock has a 50 day moving average price of $10.31 and a 200-day moving average price of $10.27. Nabriva Therapeutics AG has a one year low of $3.52 and a one year high of $12.75. The firm’s market capitalization is $26.61 million.
Nabriva Therapeutics AG (NASDAQ:NBRV) last released its earnings results on Monday, August 7th. The biotechnology company reported ($0.54) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($5.83) by $5.29. The business had revenue of $1.05 million for the quarter, compared to analyst estimates of $1.34 million. On average, analysts predict that Nabriva Therapeutics AG will post ($2.43) earnings per share for the current fiscal year.
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In related news, major shareholder Hbm Healthcare Investments (Ca sold 8,558 shares of the company’s stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $10.96, for a total value of $93,795.68. Following the sale, the insider now owns 2,591,396 shares in the company, valued at approximately $28,401,700.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director George Harrison Talbot sold 325 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $100.56, for a total value of $32,682.00. Following the completion of the sale, the director now owns 3,854 shares in the company, valued at approximately $387,558.24. The disclosure for this sale can be found here. Insiders have sold a total of 242,708 shares of company stock worth $2,646,784 in the last quarter.
Several large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new stake in Nabriva Therapeutics AG during the fourth quarter worth $103,000. Almanack Investment Partners LLC. purchased a new stake in Nabriva Therapeutics AG during the first quarter worth $1,870,000. Nationwide Fund Advisors purchased a new stake in Nabriva Therapeutics AG during the first quarter worth $2,074,000. Finally, Wellington Management Group LLP boosted its stake in 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 in the last quarter. Institutional investors and hedge funds own 56.65% 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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