Cowen & Co. analyst Boris Peaker maintained a Hold rating on Clearside Biomedical (CLSD) today. The company’s shares opened today at $1.69, close to its 52-week low of $0.99.
According to TipRanks.com, Peaker is a 4-star analyst with an average return of 6.0% and a 43.9% success rate. Peaker covers the Healthcare sector, focusing on stocks such as Stemline Therapeutics Inc, Mersana Therapeutics Inc, and CytomX Therapeutics Inc.
The the analyst consensus on Clearside Biomedical is currently a Hold rating.
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Based on Clearside Biomedical’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $23.87 million. In comparison, last year the company had a GAAP net loss of $16.49 million.
Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CLSD in relation to earlier this year.
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Clearside Biomedical, Inc. is a clinical stage biopharmaceutical company, which engages in the development of drug therapies to treat blinding diseases of the eye. Its pipeline includes Suprachoroidal CLS-TA, Suprachoroidal, Suprachoroidal CLS-TA, and gene therapy.
