Nabriva Therapeutics (NBRV) Now Covered by Morgan Stanley
Morgan Stanley assumed coverage on shares of Nabriva Therapeutics (NASDAQ:NBRV) in a report published on Wednesday morning, Marketbeat reports. The firm issued an overweight rating and a $10.00 price objective on the biotechnology company’s stock.
Other equities research analysts have also recently issued research reports about the company. HC Wainwright restated a buy rating and issued a $18.00 price target on shares of Nabriva Therapeutics in a report on Tuesday, September 19th. Needham & Company LLC restated a buy rating and issued a $18.00 price target (up previously from $15.00) on shares of Nabriva Therapeutics in a report on Tuesday, September 19th. Finally, Zacks Investment Research cut Nabriva Therapeutics from a buy rating to a hold rating in a report on Saturday, November 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. Nabriva Therapeutics currently has a consensus rating of Buy and a consensus price target of $17.53.
Nabriva Therapeutics (NASDAQ:NBRV) traded up $0.06 on Wednesday, hitting $6.59. The company had a trading volume of 205,608 shares, compared to its average volume of 145,593. The firm has a market cap of $241.79, a PE ratio of -2.69 and a beta of 1.54. Nabriva Therapeutics has a 1-year low of $4.75 and a 1-year high of $14.10.
Large investors have recently made changes to their positions in the business. Rubric Capital Management LP acquired a new stake in Nabriva Therapeutics during the 3rd quarter valued at $2,457,000. Pura Vida Investments LLC acquired a new stake in Nabriva Therapeutics during the 3rd quarter valued at $3,481,000. Alyeska Investment Group L.P. acquired a new stake in Nabriva Therapeutics during the 3rd quarter valued at $5,724,000. Perceptive Advisors LLC acquired a new stake in Nabriva Therapeutics during the 3rd quarter valued at $431,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Nabriva Therapeutics during the 3rd quarter valued at $348,000. Hedge funds and other institutional investors own 57.12% of the company’s stock.
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About Nabriva Therapeutics
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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