FY2017 EPS Estimates for Nabriva Therapeutics AG Lifted by Gabelli (NBRV)
Nabriva Therapeutics AG (NASDAQ:NBRV) – Research analysts at Gabelli boosted their FY2017 earnings estimates for shares of Nabriva Therapeutics AG in a research report issued on Tuesday. Gabelli analyst K. Kedra now anticipates that the biotechnology company will earn ($2.40) per share for the year, up from their previous forecast of ($2.65). Gabelli also issued estimates for Nabriva Therapeutics AG’s FY2018 earnings at ($2.25) EPS, FY2019 earnings at ($2.05) EPS, FY2020 earnings at ($1.20) EPS and FY2021 earnings at $0.10 EPS.
Other equities analysts have also issued research reports about the stock. SunTrust Banks, Inc. boosted their target price on shares of Nabriva Therapeutics AG from $20.00 to $24.00 and gave the company a “buy” rating in a report on Monday. Zacks Investment Research upgraded shares of Nabriva Therapeutics AG from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Saturday, May 27th. Wedbush restated an “outperform” rating and issued a $21.00 target price (up previously from $13.00) on shares of Nabriva Therapeutics AG in a report on Monday. Cantor Fitzgerald assumed coverage on shares of Nabriva Therapeutics AG in a report on Thursday, June 22nd. They issued a “buy” rating and a $16.00 target price on the stock. Finally, HC Wainwright restated a “buy” rating and issued a $16.00 target price on shares of Nabriva Therapeutics AG in a report on Friday, June 30th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $19.13.
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Shares of Nabriva Therapeutics AG (NASDAQ:NBRV) opened at 8.26 on Thursday. The company’s market cap is $221.68 million. The company has a 50 day moving average of $9.01 and a 200-day moving average of $10.19. Nabriva Therapeutics AG has a 52-week low of $3.52 and a 52-week high of $14.10.
Nabriva Therapeutics AG (NASDAQ:NBRV) last released its quarterly earnings data on Monday, August 7th. The biotechnology company reported ($0.54) EPS for the quarter, beating the Zacks’ consensus estimate of ($5.83) by $5.29. The firm had revenue of $1.05 million during the quarter, compared to the consensus estimate of $1.34 million.
In related news, major shareholder Vivo Capital Viii, Llc purchased 52,631 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was purchased at an average cost of $9.46 per share, with a total value of $497,889.26. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Hbm Healthcare Investments (Ca sold 8,558 shares of Nabriva Therapeutics AG stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $10.96, for a total transaction of $93,795.68. Following the completion of the sale, the insider now directly owns 2,591,396 shares of the company’s stock, valued at $28,401,700.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 279,000 shares of company stock worth $2,870,869. 2.75% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP increased 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 valued at $25,830,000 after purchasing an additional 193,951 shares in the last quarter. Almanack Investment Partners LLC. increased its stake in Nabriva Therapeutics AG by 482.2% in the second quarter. Almanack Investment Partners LLC. now owns 907,183 shares of the biotechnology company’s stock valued at $1,633,000 after purchasing an additional 751,366 shares in the last quarter. Nationwide Fund Advisors increased its stake in Nabriva Therapeutics AG by 4.6% in the second quarter. Nationwide Fund Advisors now owns 180,924 shares of the biotechnology company’s stock valued at $2,032,000 after purchasing an additional 7,924 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in Nabriva Therapeutics AG by 19.6% in the second quarter. Royal Bank of Canada now owns 52,807 shares of the biotechnology company’s stock valued at $553,000 after purchasing an additional 8,650 shares in the last quarter. 68.56% of the stock is owned by hedge funds and other institutional investors.
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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