Maxim Group Reiterates Buy Rating for Beyondspring (BYSI)
Beyondspring (NASDAQ:BYSI)‘s stock had its “buy” rating restated by stock analysts at Maxim Group in a research note issued on Wednesday. They currently have a $52.00 price objective on the stock. Maxim Group’s target price would suggest a potential upside of 99.92% from the company’s current price.
The analysts wrote, “On January 29th, BeyondSpring hosted a KOL call to discuss its lead asset, Plinabulin. Dr. Douglas Blayney, a founding member of the NCCN neutropenia management guideline panel, spoke on the call regarding Plinabulin and the ongoing phase 2/3 trial, Study 105 for the prevention of docetaxel chemotherapy-induced neutropenia (CIN).””
Several other research firms have also commented on BYSI. HC Wainwright set a $60.00 price objective on shares of Beyondspring and gave the stock a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research lowered shares of Beyondspring from a “hold” rating to a “sell” rating in a research note on Monday, November 13th. Finally, Seaport Global Securities assumed coverage on shares of Beyondspring in a research note on Tuesday, December 5th. They set a “buy” rating and a $56.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $54.50.
Beyondspring (NASDAQ:BYSI) last announced its quarterly earnings results on Thursday, November 9th. The company reported ($0.68) earnings per share for the quarter, topping the consensus estimate of ($0.69) by $0.01. research analysts predict that Beyondspring will post -4.41 earnings per share for the current fiscal year.
An institutional investor recently bought a new position in Beyondspring stock. Tanaka Capital Management Inc. acquired a new position in shares of Beyondspring Inc (NASDAQ:BYSI) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 21,322 shares of the company’s stock, valued at approximately $914,000. Beyondspring accounts for about 2.1% of Tanaka Capital Management Inc.’s holdings, making the stock its 16th biggest holding. Tanaka Capital Management Inc. owned 0.10% of Beyondspring as of its most recent filing with the Securities & Exchange Commission. 1.22% of the stock is owned by institutional investors and hedge funds.
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Beyondspring Company Profile
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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