H.C. Wainwright analyst Andrew Fein maintained a Buy rating on BioCryst (NASDAQ: BCRX) today and set a price target of $13. The company’s shares closed on Friday at $7.30, close to its 52-week high of $7.46.
Fein noted:
“Valuation and risks to achievement of price target. Our price target of $13 is based on the following risk-adjusted sum-of parts NPV-DCF: $10.7 for oral HAE prophylactic treatment + $1.1 for oral liquid HAE acute treatment + $0.3 for peramivir + $1.2 in cash. We assume a discount rate of 13.5%. Risks to our investment thesis and target price include: (1) failure of oral HAE agents in clinical trials; (2) failure to secure regulatory approval; and (3) a smaller than anticipated commercial opportunity, due to prophylaxis market size or degree of long-term expansion, competition, or pricing.”
According to TipRanks.com, Fein is a 3-star analyst with an average return of 2.7% and a 45.9% success rate. Fein covers the Healthcare sector, focusing on stocks such as Proteostasis Therapeutics Inc, ACADIA Pharmaceuticals Inc, and Strongbridge Biopharma Plc.
BioCryst has an analyst consensus of Strong Buy, with a price target consensus of $9.88, representing a 35.3% upside. In a report issued on August 7, RBC Capital also reiterated a Buy rating on the stock with a $9 price target.
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The company has a one-year high of $7.46 and a one-year low of $3.95. Currently, BioCryst has an average volume of 852.7K.
Based on the recent corporate insider activity of 26 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 BCRX in relation to earlier this year. Most recently, in May 2018, Jon Stonehouse, the President & CEO of BCRX bought 70,427 shares for a total of $100,006.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
BioCryst Pharmaceuticals, Inc. designs, optimizes and develops novel small molecule drugs that block key enzymes involved in the pathogenesis of diseases. The firm focusses on oral treatments for rare diseases. Its portfolio includes Rapivab, Kallikrein inhibitors, and BCX4430. These drugs intend to treat influenza and hereditary angioedema.
