In a report released yesterday, Steven Seedhouse from Raymond James maintained a Hold rating on Arcturus Therapeutics (ARCT). The company’s shares closed last Monday at $54.64.
According to TipRanks.com, Seedhouse is a 4-star analyst with an average return of 15.4% and a 57.2% success rate. Seedhouse covers the Healthcare sector, focusing on stocks such as Madrigal Pharmaceuticals, Alexion Pharmaceuticals, and Apellis Pharmaceuticals.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Arcturus Therapeutics with a $81.70 average price target, a 52.0% upside from current levels. In a report issued on February 23, H.C. Wainwright also downgraded the stock to Hold with a $50.00 price target.
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Based on Arcturus Therapeutics’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.33 million and GAAP net loss of $21 million. In comparison, last year the company earned revenue of $3.32 million and had a GAAP net loss of $7.43 million.
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Arcturus Therapeutics Holdings, Inc. engages in the development of RNA therapeutics for treatment. It focuses on liver and respiratory diseases. Its pipeline include LUNAR-OTC, and LUNAR CF. The company was founded in 2013 and is headquartered in San Diego, CA.
