In a report issued on September 10, Sean Lavin from BTIG maintained a Buy rating on Obalon Therapeutics Inc (NASDAQ: OBLN), with a price target of $3.50. The company’s shares closed yesterday at $3.38.
According to TipRanks.com, Lavin is a 5-star analyst with an average return of 15.3% and a 63.3% success rate. Lavin covers the Healthcare sector, focusing on stocks such as Establishment Labs Holdings Inc, Helius Medical Technologies, and Tactile Systems Technology.
Currently, the analyst consensus on Obalon Therapeutics Inc is a Moderate Buy with an average price target of $2.75.
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The company has a one-year high of $10.40 and a one-year low of $1.46. Currently, Obalon Therapeutics Inc has an average volume of 194.5K.
Based on the recent corporate insider activity of 37 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 OBLN in relation to earlier this year.
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Obalon Therapeutics, Inc. focuses on developing and commercializing medical devices to treat obese and overweight people by facilitating weight loss. Its product includes medical balloon technology for weight loss therapy which consists of a capsule containing a balloon that is swallowed and then remotely inflated.
