William Blair analyst Raju Prasad maintained a Buy rating on Krystal Biotech Inc (KRYS) today. The company’s shares opened today at $23.27.
According to TipRanks.com, Prasad is a 1-star analyst with an average return of -6.2% and a 25.0% success rate. Prasad covers the Healthcare sector, focusing on stocks such as Rocket Pharmaceuticals Inc, Global Blood Therapeutics, and Logicbio Therapeutics Inc.
Currently, the analyst consensus on Krystal Biotech Inc is a Strong Buy with an average price target of $42.25, an 81.6% upside from current levels. In a report issued on December 12, Cowen & Co. also initiated coverage with a Buy rating on the stock.
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Based on Krystal Biotech Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $2.76 million. In comparison, last year the company had a GAAP net loss of $5.27 million.
Based on the recent corporate insider activity of 8 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 KRYS in relation to earlier this year.
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Krystal Biotech, Inc. is a gene therapy company, which engages in developing and commercializing treatment for patients suffering from dermatological diseases. It developed a gene therapy platform, which company refer to as the Skin TARgeted Delivery platform, or STAR-D platform, that consists of a patent pending engineered viral vector based on herpes simplex virus 1, or HSV-1, and skin-optimized gene transfer technology, to develop off-the-shelf treatments for dermatological diseases for which company believe there are no known effective treatments. The company was founded by Suma M. Krishnan in December 2017and is headquartered in Pittsburgh, PA.