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Currently, the analyst consensus on Antares Pharma is a Moderate Buy with an average price target of $4.50, representing a 61.9% upside. In a report issued on August 10, H.C. Wainwright also reiterated a Buy rating on the stock with a $4.50 price target.
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Based on Antares Pharma’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $32.38 million and net profit of $2.18 million. In comparison, last year the company earned revenue of $28.43 million and had a GAAP net loss of $2.23 million.
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Antares Pharma, Inc. is a combination drug device company, which engages in the development and commercialization of self-administered parenteral pharmaceutical products and technologies. Its proprietary products include XYOSTED injection, OTREXUP injection for subcutaneous use, and Sumatriptan injection. The company was founded in February 1979 and is headquartered in Ewing, NJ.
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