.jpg "Clearside Biomedical (NASDAQ: CLSD)")
In a report released today, Liana Moussatos from Wedbush maintained a Buy rating on Clearside Biomedical (NASDAQ: CLSD), with a price target of $29. The company’s shares opened today at $7.40.
According to TipRanks.com, Moussatos is a 3-star analyst with an average return of 2.4% and a 42.5% success rate. Moussatos covers the Healthcare sector, focusing on stocks such as Allena Pharmaceuticals Inc, Catabasis Pharmaceuticals, and Global Blood Therapeutics.
Clearside Biomedical has an analyst consensus of Strong Buy, with a price target consensus of $27.
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Based on Clearside Biomedical’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $16.61 million. In comparison, last year the company had a GAAP net loss of $13.77 million.
Based on the recent corporate insider activity of 11 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 CLSD in relation to earlier this year.
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.
Clearside Biomedical, Inc. is a clinical stage biopharmaceutical company, which engages in the development of drug therapies to treat blinding diseases of the eye. Its pipeline includes Suprachoroidal CLS-TA, Suprachoroidal, Suprachoroidal CLS-TA, and gene therapy.
