Equities researchers at Seaport Global Securities began coverage on shares of BeyondSpring (NASDAQ:BYSI) in a research note issued to investors on Tuesday. The brokerage set a “buy” rating and a $56.00 price target on the stock. Seaport Global Securities’ price objective would suggest a potential upside of 77.27% from the stock’s current price.
Several other research firms have also issued reports on BYSI. HC Wainwright reiterated a “buy” rating and issued a $50.00 target price on shares of BeyondSpring in a research note on Monday, August 21st. Maxim Group assumed coverage on BeyondSpring in a research note on Tuesday, August 22nd. They issued a “buy” rating and a $52.00 target price on the stock. Finally, Zacks Investment Research lowered BeyondSpring from a “hold” rating to a “sell” rating in a research note on Monday, November 13th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $54.50.
BeyondSpring (BYSI) opened at $31.59 on Tuesday. BeyondSpring has a 52 week low of $16.55 and a 52 week high of $48.49.
An institutional investor recently bought a new position in BeyondSpring stock. Tanaka Capital Management Inc. purchased a new position in shares of BeyondSpring Inc. (NASDAQ:BYSI) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 21,322 shares of the company’s stock, valued at approximately $914,000. BeyondSpring comprises about 2.1% of Tanaka Capital Management Inc.’s portfolio, making the stock its 16th largest position. Tanaka Capital Management Inc. owned approximately 0.10% of BeyondSpring at the end of the most recent quarter. 1.22% of the stock is owned by institutional investors.
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BeyondSpring Inc is a global clinical-stage biopharmaceutical company. The Company is focused on the development of cancer therapies. The Company is engaged in advancing its lead product, Plinabulin, into a Phase II/III clinical trial for the reduction of docetaxel chemotherapy-induced severe, grade 4 neutropenia; a Phase II/III clinical trial for the prevention of non-docetaxel chemotherapy-induced severe, grade 4 neutropenia, and a Phase III clinical trial as an anticancer agent in combination with docetaxel in advanced non-small cell lung cancer (NSCLC).
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