H.C. Wainwright Keeps Their Buy Rating on Fortress Biotech

H.C. Wainwright analyst Joseph Pantginis reiterated a Buy rating on Fortress Biotech (NASDAQ: FBIO) today and set a price target of $11. The company’s shares closed yesterday at $3.72.

According to TipRanks.com, Pantginis has currently no stars on a ranking scale of 0-5 stars, with an average return of -12.8% and a 34.5% success rate. Pantginis covers the Healthcare sector, focusing on stocks such as SELLAS Life Sciences Group Inc, Applied Genetic Technologies, and Iovance Biotherapeutics Inc.

Fortress Biotech has an analyst consensus of Moderate Buy, with a price target consensus of $11.

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Based on Fortress Biotech’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $10.41 million. In comparison, last year the company had a GAAP net loss of $11.98 million.

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Fortress Biotech, Inc. engages in the development and commercialization of novel pharmaceutical and biotechnology products. It operates through the following segments: Dermatology Product Sales, Pharmaceutical and Biotechnology Product Development, and National. The National segment consists of National Holdings Corporation, an independent brokerage company.