B.Riley FBR Initiates a Buy Rating on Arcturus Therapeutics (ARCT)
Arcturus Therapeutics (ARCT) received a Buy rating and a $70.00 price target from B.Riley FBR analyst Mayank Mamtani yesterday. The company’s shares closed last Friday at $46.89.
According to TipRanks.com, Mamtani is a 5-star analyst with an average return of 14.7% and a 47.6% success rate. Mamtani covers the Healthcare sector, focusing on stocks such as Arrowhead Pharmaceuticals, Spectrum Pharmaceuticals, and Madrigal Pharmaceuticals.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Arcturus Therapeutics with a $54.00 average price target.
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Based on Arcturus Therapeutics’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.65 million and GAAP net loss of $9.78 million. In comparison, last year the company earned revenue of $4.35 million and had a GAAP net loss of $6.88 million.
Based on the recent corporate insider activity of 11 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 ARCT in relation to earlier this year.
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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.