In a report released today, Mayank Mamtani from B.Riley FBR reiterated a Buy rating on Durect (DRRX), with a price target of $5.00. The company’s shares closed last Monday at $1.72.
According to TipRanks.com, Mamtani is a 4-star analyst with an average return of 6.5% and a 33.3% success rate. Mamtani covers the Healthcare sector, focusing on stocks such as Spring Bank Pharmaceuticals, Arrowhead Pharmaceuticals, and Spectrum Pharmaceuticals.
Durect has an analyst consensus of Strong Buy, with a price target consensus of $4.72, implying a 139.6% upside from current levels. In a report released today, H.C. Wainwright also maintained a Buy rating on the stock with a $5.50 price target.
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Based on Durect’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $4.23 million. In comparison, last year the company had a GAAP net loss of $7.3 million.
Based on the recent corporate insider activity of 10 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 DRRX in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
DURECT Corp. is a biopharmaceutical company, which engages in the research, development, and manufacturing of pharmaceutical products. The company products include alzet and lactel.
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