Spring Bank Pharmaceuticals Inc (NASDAQ:SBPH) Receives $19.30 Average PT from Analysts
Spring Bank Pharmaceuticals Inc (NASDAQ:SBPH) has earned a consensus rating of “Buy” from the seven analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating and six have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $19.30.
A number of equities research analysts have recently weighed in on SBPH shares. Zacks Investment Research raised HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Chardan Capital set a $10.00 price objective on Arcimoto and gave the company a “buy” rating in a research note on Friday, April 12th. Cantor Fitzgerald set a $9.00 price objective on Evofem Biosciences and gave the company a “buy” rating in a research note on Friday, April 12th. ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, Dawson James reissued a “buy” rating on shares of Spring Bank Pharmaceuticals in a research note on Monday, May 13th.
In other Spring Bank Pharmaceuticals news, Director Scott Andrew Smith purchased 12,000 shares of the company’s stock in a transaction on Friday, June 28th. The shares were bought at an average cost of $4.09 per share, with a total value of $49,080.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Jonathan Freve purchased 5,000 shares of the company’s stock in a transaction on Wednesday, May 29th. The stock was acquired at an average cost of $5.40 per share, for a total transaction of $27,000.00. The disclosure for this purchase can be found here. Insiders purchased a total of 42,000 shares of company stock worth $242,930 over the last three months. 12.70% of the stock is owned by company insiders.
Shares of SBPH traded down $0.46 during midday trading on Monday, reaching $4.66. 81,836 shares of the stock were exchanged, compared to its average volume of 57,906. Spring Bank Pharmaceuticals has a 12-month low of $3.58 and a 12-month high of $15.00. The business has a 50 day simple moving average of $4.64. The company has a debt-to-equity ratio of 0.06, a quick ratio of 12.11 and a current ratio of 12.11. The firm has a market cap of $84.19 million, a P/E ratio of -2.49 and a beta of 0.39.
Spring Bank Pharmaceuticals (NASDAQ:SBPH) last posted its quarterly earnings results on Monday, April 29th. The company reported ($0.32) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.52) by $0.20. As a group, sell-side analysts predict that Spring Bank Pharmaceuticals will post -2.44 earnings per share for the current year.
About Spring Bank Pharmaceuticals
Spring Bank Pharmaceuticals, Inc, a clinical-stage biopharmaceutical company, discovers and develops therapeutics for the treatment of viral infections, inflammatory diseases, and various cancers using small molecule nucleotide platform. Its lead product candidate is inarigivir soproxil for the treatment of chronic hepatitis B virus (HBV).
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