SunTrust Robinson analyst Edward Nash reiterated a Buy rating on Achaogen (NASDAQ: AKAO) yesterday and set a price target of $10. The company’s shares closed yesterday at $5.92, close to its 52-week low of $5.11.
According to TipRanks.com, Nash is a 4-star analyst with an average return of 15.3% and a 49.5% success rate. Nash covers the Healthcare sector, focusing on stocks such as Eloxx Pharmaceuticals Inc, Galmed Pharmaceuticals, and Sarepta Therapeutics.
Achaogen has an analyst consensus of Strong Buy, with a price target consensus of $16.50, which is a 178.7% upside from current levels. In a report issued on August 7, Mizuho Securities also maintained a Buy rating on the stock with a $20 price target.
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The company has a one-year high of $19.74 and a one-year low of $5.11. Currently, Achaogen has an average volume of 1.09M.
Based on the recent corporate insider activity of 38 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 AKAO in relation to earlier this year. Most recently, in June 2018, Kenneth Hillan, the President of Achaogen and President of R&D of AKAO bought 177,935 shares for a total of $1,084,807.
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.
Achaogen, Inc. is a biopharmaceutical company, which engages in the research, development, and commercialization of antibacterial treatments for multi-drug resistant (MDR) gram-negative infections. It offers Plazomicin to treat bacterial illness, such as complicated urinary tract infection, blood stream infections, and other infections due to MDR Enterobacteriaceae. The company was founded by Nathaniel E. David in June 2002 and is headquartered in South San Francisco, CA.
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