H.C. Wainwright Sticks to Their Buy Rating for Caladrius Biosciences


H.C. Wainwright analyst Ram Selvaraju reiterated a Buy rating on Caladrius Biosciences (NASDAQ: CLBS) today and set a price target of $12. The company’s shares closed yesterday at $3.86.

According to TipRanks.com, Selvaraju is a 2-star analyst with an average return of 0.8% and a 41.6% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as IntelliPharmaCeutics International, Biospecifics Technologies Corp, and EyePoint Pharmaceuticals Inc.

Caladrius Biosciences has an analyst consensus of Moderate Buy, with a price target consensus of $12.

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Based on Caladrius Biosciences’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $4.98 million. In comparison, last year the company had a GAAP net loss of $9.36 million.

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Caladrius Biosciences, Inc. operates as a global healthcare company, which engages in developing cellular therapies that repair damaged tissue, cells and organs and restore their normal function. It is pursuing the preservation and enhancement of human health globally through the development of cell based therapeutics that prevent, treat or cure disease.

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