Allakos (ALLK) Issues Quarterly Earnings Results, Misses Expectations By $0.10 EPS
Allakos (NASDAQ:ALLK) released its quarterly earnings results on Thursday. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.10), Fidelity Earnings reports.
ALLK opened at $53.17 on Friday. Allakos has a 1 year low of $26.00 and a 1 year high of $58.52.
Several research firms recently issued reports on ALLK. Goldman Sachs Group began coverage on Allakos in a research note on Monday, August 13th. They issued a “neutral” rating and a $31.00 price target for the company. Jefferies Financial Group began coverage on Allakos in a research note on Monday, August 13th. They issued a “buy” rating and a $53.00 price target for the company. William Blair began coverage on Allakos in a research note on Monday, August 13th. They issued an “outperform” rating for the company. Finally, Zacks Investment Research downgraded Allakos from a “buy” rating to a “hold” rating in a research note on Tuesday.
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Allakos Inc, a clinical stage biopharmaceutical company, focuses on developing therapeutic antibodies targeting allergic, inflammatory, and proliferative diseases. The company is developing AK002 for the treatment of eosinophilic gastritis and eosinophilic gastroenteritis, urticaria, indolent systemic mastocytosis, and severe allergic conjunctivitis.
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