Aerie Pharma (AERI) Gets a Buy Rating from Mizuho Securities

Mizuho Securities analyst Difei Yang maintained a Buy rating on Aerie Pharma (AERI) today and set a price target of $63.00. The company’s shares closed last Monday at $20.15, close to its 52-week low of $17.51.

According to TipRanks.com, Yang is ranked 0 out of 5 stars with an average return of -3.9% and a 32.8% success rate. Yang covers the Healthcare sector, focusing on stocks such as Xeris Pharmaceuticals Inc, Alder Biopharmaceuticals, and Audentes Therapeutics.

Aerie Pharma has an analyst consensus of Strong Buy, with a price target consensus of $55.14, representing a 195.7% upside. In a report issued on October 4, Needham also maintained a Buy rating on the stock with a $54.00 price target.

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Based on Aerie Pharma’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $47.16 million. In comparison, last year the company had a GAAP net loss of $85.39 million.

Based on the recent corporate insider activity of 44 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 AERI in relation to earlier this year.

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Aerie Pharmaceuticals, Inc. engages in the discovery, development, and commercialization of therapies for the treatment of patients with open-angle glaucoma, retinal diseases and other diseases of the eye. Its products include Rhopressa, Roclatan, AR-13503, and AR-1105.