Equities researchers at Evercore ISI initiated coverage on shares of Apellis Pharmaceuticals (NASDAQ:APLS) in a research report issued on Monday. The firm set an “outperform” rating on the stock.

A number of other equities research analysts have also recently issued reports on APLS. J P Morgan Chase & Co assumed coverage on Apellis Pharmaceuticals in a report on Monday. They set an “overweight” rating and a $31.00 price objective for the company. Citigroup assumed coverage on Apellis Pharmaceuticals in a report on Monday. They set a “buy” rating and a $23.00 price objective for the company.

Shares of Apellis Pharmaceuticals (NASDAQ:APLS) opened at $13.73 on Monday. Apellis Pharmaceuticals has a 1-year low of $12.45 and a 1-year high of $15.41.

In other news, major shareholder Global Strategic Fund I. Venbio acquired 127,515 shares of Apellis Pharmaceuticals stock in a transaction dated Monday, November 13th. The stock was bought at an average price of $14.00 per share, for a total transaction of $1,785,210.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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About Apellis Pharmaceuticals

Apellis Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company focuses on the discovery and development of therapeutic compounds for autoimmune and inflammatory diseases. The Company’s lead compounds are designed to inhibit complement component 3 (C3), the central protein in the complement cascade.

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