Maxim Group Reiterates “$4.00” Price Target for Soleno Therapeutics (SLNO)
Soleno Therapeutics (NASDAQ:SLNO) has been assigned a $4.00 target price by investment analysts at Maxim Group in a report released on Tuesday. The firm presently has a “buy” rating on the stock. Maxim Group’s target price points to a potential upside of 143.90% from the company’s previous close.
A number of other analysts have also recently commented on the stock. dropped their price target on shares of Soleno Therapeutics from $25.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, November 15th. ValuEngine upgraded shares of Soleno Therapeutics from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd.
Shares of Soleno Therapeutics (NASDAQ:SLNO) traded down $0.04 during mid-day trading on Tuesday, hitting $1.64. 47,900 shares of the company were exchanged, compared to its average volume of 99,045. The stock has a market cap of $17.80, a PE ratio of -1.03 and a beta of 5.52. Soleno Therapeutics has a 12 month low of $1.32 and a 12 month high of $4.20.
In other news, Director Edgar Engleman bought 1,085,480 shares of the stock in a transaction on Friday, December 15th. The shares were acquired at an average cost of $1.84 per share, for a total transaction of $1,997,283.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 69.75% of the company’s stock.
An institutional investor recently bought a new position in Soleno Therapeutics stock. Birchview Capital LP bought a new position in Soleno Therapeutics Inc (NASDAQ:SLNO) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 678,428 shares of the company’s stock, valued at approximately $1,032,000. Soleno Therapeutics makes up approximately 0.6% of Birchview Capital LP’s investment portfolio, making the stock its 14th biggest holding. Birchview Capital LP owned about 6.78% of Soleno Therapeutics as of its most recent filing with the SEC.
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Soleno Therapeutics Company Profile
Soleno Therapeutics, Inc, formerly Capnia, Inc, is a healthcare company that develops and commercializes neonatology devices and diagnostics. The Company also has a therapeutics platform based on its proprietary technology for precision metering of gas flow. The Company offers products, such as CoSense end-tidal carbon monoxide (ETCO) Monitor, NeoPIP Infant Resuscitator and Accessories, and Serenz Nasal Relief.
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