In a report released today, Liana Moussatos from Wedbush reiterated a Buy rating on Liquidia Technologies Inc (LQDA), with a price target of $50. The company’s shares opened today at $9.54, close to its 52-week low of $8.01.
According to TipRanks.com, Moussatos ‘ ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -7.6% and a 34.0% success rate. Moussatos covers the Healthcare sector, focusing on stocks such as BioMarin Pharmaceutical Inc., Allena Pharmaceuticals Inc, and Aquestive Therapeutics Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Liquidia Technologies Inc with a $50 average price target.
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Based on Liquidia Technologies Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $13.77 million. In comparison, last year the company had a GAAP net loss of $27.51 million.
Based on the recent corporate insider activity of 46 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 LQDA in relation to earlier this year.
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Liquidia Technologies, Inc. is a clinical biopharmaceutical company focused on the development and commercialization of human therapeutics using its proprietary PRINT technology to transform the lives of patients. It operates in two segments: Pharmaceutical Products and Partnering & Licensing.
