ValuEngine upgraded shares of Eiger Biopharmaceuticals (NASDAQ:EIGR) from a hold rating to a buy rating in a report published on Friday morning.
Other equities analysts also recently issued research reports about the company. Oppenheimer set a $26.00 price target on Eiger Biopharmaceuticals and gave the company a buy rating in a report on Monday, March 12th. Zacks Investment Research cut Eiger Biopharmaceuticals from a buy rating to a hold rating in a research report on Tuesday, February 20th. Wedbush reduced their price objective on Eiger Biopharmaceuticals from $36.00 to $34.00 and set an outperform rating for the company in a research report on Thursday, March 22nd. Piper Jaffray reissued an overweight rating and issued a $17.00 price objective (down from $35.00) on shares of Eiger Biopharmaceuticals in a research report on Tuesday, January 16th. Finally, Ladenburg Thalmann assumed coverage on Eiger Biopharmaceuticals in a research report on Wednesday, January 3rd. They issued a buy rating and a $32.00 price objective for the company. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $27.25.
Shares of EIGR stock opened at $10.85 on Friday. Eiger Biopharmaceuticals has a 12 month low of $6.10 and a 12 month high of $16.20. The company has a debt-to-equity ratio of 0.58, a quick ratio of 5.85 and a current ratio of 5.85. The company has a market cap of $107.37, a price-to-earnings ratio of -2.23 and a beta of 1.58.
In other news, insider Joanne Quan sold 4,000 shares of the stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $10.00, for a total value of $40,000.00. Following the completion of the sale, the insider now directly owns 4,000 shares of the company’s stock, valued at $40,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 28.80% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the stock. Prosight Management LP bought a new position in Eiger Biopharmaceuticals in the fourth quarter worth $9,469,000. Jennison Associates LLC bought a new position in Eiger Biopharmaceuticals in the fourth quarter worth $8,430,000. Armistice Capital LLC bought a new position in Eiger Biopharmaceuticals in the fourth quarter worth $5,357,000. Stonepine Capital Management LLC bought a new position in Eiger Biopharmaceuticals in the fourth quarter worth $2,093,000. Finally, P.A.W. Capital Corp lifted its position in Eiger Biopharmaceuticals by 25.0% in the fourth quarter. P.A.W. Capital Corp now owns 100,000 shares of the biotechnology company’s stock worth $1,395,000 after purchasing an additional 20,000 shares during the period. 68.96% of the stock is owned by hedge funds and other institutional investors.
Eiger Biopharmaceuticals Company Profile
Eiger BioPharmaceuticals, Inc, a clinical stage biopharmaceutical company, focuses on providing various products for the treatment of orphan diseases in the United States. Its product candidate pipeline includes Lonafarnib for the treatment of hepatitis delta virus (HDV) infection; PEG-interferon Lambda-1a (Lambda) for HDV infection; Exendin 9-39 for post-bariatric hypoglycemia; and Ubenimex for the treatment of pulmonary arterial hypertension and lymphedema, which are under Phase II clinical trials.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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