Bio-Path Holdings, Inc. (BPTH) Earns “Buy” Rating from HC Wainwright

Bio-Path Holdings, Inc. (NASDAQ:BPTH)‘s stock had its “buy” rating restated by equities research analysts at HC Wainwright in a research report issued on Monday, MarketBeat Ratings reports. They presently have a $1.50 price target on the stock, down from their previous price target of $4.50. HC Wainwright’s target price would suggest a potential upside of 383.87% from the stock’s previous close.

Separately, ValuEngine downgraded Bio-Path Holdings from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st.

Bio-Path Holdings (BPTH) opened at $0.31 on Monday. Bio-Path Holdings has a twelve month low of $0.25 and a twelve month high of $1.50.

Bio-Path Holdings (NASDAQ:BPTH) last announced its quarterly earnings results on Thursday, November 9th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.02). research analysts forecast that Bio-Path Holdings will post -0.08 EPS for the current year.

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Several hedge funds have recently bought and sold shares of the business. Legal & General Group Plc grew its holdings in shares of Bio-Path Holdings by 5,474.3% during the 2nd quarter. Legal & General Group Plc now owns 1,773,799 shares of the company’s stock worth $681,000 after acquiring an additional 1,741,978 shares during the period. HighTower Advisors LLC grew its holdings in shares of Bio-Path Holdings by 0.3% during the 2nd quarter. HighTower Advisors LLC now owns 1,267,070 shares of the company’s stock worth $492,000 after acquiring an additional 4,000 shares during the period. Sabby Management LLC grew its holdings in shares of Bio-Path Holdings by 73.2% during the 2nd quarter. Sabby Management LLC now owns 1,190,886 shares of the company’s stock worth $462,000 after acquiring an additional 503,488 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Bio-Path Holdings by 1.7% during the 1st quarter. Bank of New York Mellon Corp now owns 311,645 shares of the company’s stock worth $257,000 after acquiring an additional 5,172 shares during the period. Hedge funds and other institutional investors own 15.15% of the company’s stock.

Bio-Path Holdings Company Profile

Bio-Path Holdings, Inc is a clinical and preclinical stage oncology focused antisense drug development company. The Company utilizes a technology that achieves systemic delivery for target specific protein inhibition for any gene product that is over-expressed in disease. Its drug delivery and antisense technology, DNAbilize, is a platform that uses P-ethoxy, a deoxyribonucleic acid backbone modification.

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