Matinas BioPharma Holdings Inc (MTNB) PT Set at $6.00 by Maxim Group

Maxim Group set a $6.00 price objective on Matinas BioPharma Holdings Inc (NASDAQ:MTNB) in a research note released on Tuesday, May 16th. The brokerage currently has a buy rating on the stock.

Separately, Aegis reaffirmed a positive rating and set a $8.00 target price on shares of Matinas BioPharma Holdings in a research note on Tuesday, March 28th.

Shares of Matinas BioPharma Holdings (MTNB) traded up 4.40% during midday trading on Tuesday, reaching $2.85. 3,374,290 shares of the company’s stock were exchanged. The stock’s market cap is $260.48 million. The stock’s 50 day moving average is $2.71 and its 200-day moving average is $2.53. Matinas BioPharma Holdings has a 12-month low of $0.58 and a 12-month high of $3.99.

Matinas BioPharma Holdings (NASDAQ:MTNB) last released its quarterly earnings results on Tuesday, May 16th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.21. The company had revenue of $0.02 million for the quarter. On average, equities analysts expect that Matinas BioPharma Holdings will post ($0.28) EPS for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in MTNB. Spark Investment Management LLC purchased a new position in shares of Matinas BioPharma Holdings during the first quarter valued at $105,000. Segantii Capital Management Ltd purchased a new position in shares of Matinas BioPharma Holdings during the first quarter valued at $166,000. KCG Holdings Inc. purchased a new position in shares of Matinas BioPharma Holdings during the first quarter valued at $193,000. Hyman Charles D purchased a new position in shares of Matinas BioPharma Holdings during the first quarter valued at $221,000. Finally, Morgan Stanley purchased a new position in shares of Matinas BioPharma Holdings during the first quarter valued at $300,000.

About Matinas BioPharma Holdings

Matinas BioPharma Holdings, Inc is a clinical-stage biopharmaceutical company. The Company is engaged in identifying and developing therapeutics for the treatment of serious and life-threatening infections. It is engaged in developing a pipeline of product and development candidates, with an initial focus on serious fungal and bacterial infections.

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