Xeris Pharmaceuticals Inc (XERS) Gets a Buy Rating from Mizuho Securities

In a report released today, Difei Yang from Mizuho Securities maintained a Buy rating on Xeris Pharmaceuticals Inc (XERS), with a price target of $27. The company’s shares closed yesterday at $10.32, close to its 52-week low of $9.21.

Yang noted:

“We do not see earnings as the most important driver of value at this point. Xeris continues to invest with key hires across the company in preparation for a the Gvoke HypoPen launch in 4Q19. The PDUFA goal date for the Gvoke HypoPen is and we believe FDA approval is likely on time.”

According to TipRanks.com, Yang is a 5-star analyst with an average return of 18.4% and a 50.0% success rate. Yang covers the Healthcare sector, focusing on stocks such as Nightstar Therapeutics Limited, Alder Biopharmaceuticals, and Audentes Therapeutics.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Xeris Pharmaceuticals Inc with a $27 average price target.

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The company has a one-year high of $27.98 and a one-year low of $9.21. Currently, Xeris Pharmaceuticals Inc has an average volume of 192.8K.

Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock.

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Xeris Pharmaceuticals, Inc.is a pharmaceutical company. It offers XeriSol™ and XeriJect™ formulation technologies. The firm focuses on the development of patient-friendly injectable drugs to address unmet medical needs. The company was founded by Steven Prestrelski and John Kinzell in 2005 and is headquartered in Austin, TX.