In a report released today, Liana Moussatos from Wedbush reiterated a Buy rating on Aquestive Therapeutics (AQST), with a price target of $33.00. The company’s shares closed last Wednesday at $7.82.
According to TipRanks.com, Moussatos is a 5-star analyst with an average return of 10.6% and a 47.6% success rate. Moussatos covers the Healthcare sector, focusing on stocks such as Catabasis Pharmaceuticals, Global Blood Therapeutics, and Eiger Biopharmaceuticals.
Currently, the analyst consensus on Aquestive Therapeutics is a Strong Buy with an average price target of $18.67.
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Based on Aquestive Therapeutics’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $21.68 million and GAAP net loss of $2.33 million. In comparison, last year the company earned revenue of $11.13 million and had a GAAP net loss of $20.47 million.
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Aquestive Therapeutics, Inc. is a specialty pharmaceutical company focused on identifying, developing, and commercializing differentiated products to address unmet medical needs. The company has a late-stage proprietary product pipeline focused on the treatment of Central nervous system (CNS) diseases, as well as orally-administered complex molecules that can be alternatives to invasively-administered standard of care therapies. Its product candidates include Libervant, Sympazan, and AQST-117 (Riluzole). Aquestive Therapeutics develops and delivers drugs via its PharmFilm® technology. The firm also collaborates with pharmaceutical partners to bring new molecules to market in differentiated and highly-marketable dosage forms. In addition to its proprietary product candidates, the company, with its partners, has a portfolio of development-stage products and commercialized products, such as Suboxone, a prescription medicine for the treatment of opioid dependence. The company was founded in January 2004 and is headquartered in Warren, NJ.