Cowen & Co. Reaffirms Their Hold Rating on Xoma Corp (XOMA)
Cowen & Co. analyst Phil Nadeau maintained a Hold rating on Xoma Corp (XOMA) today. The company’s shares opened today at $17.44.
According to TipRanks.com, Nadeau is a 4-star analyst with an average return of 2.9% and a 45.7% success rate. Nadeau covers the Healthcare sector, focusing on stocks such as BioMarin Pharmaceutical Inc., Phasebio Pharmaceuticals Inc, and Rhythm Pharmaceuticals Inc.
Xoma Corp has an analyst consensus of Moderate Buy, with a price target consensus of $27.50.
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Based on Xoma Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $1.88 million. In comparison, last year the company had a GAAP net loss of $1.95 million.
Based on the recent corporate insider activity of 13 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 XOMA in relation to earlier this year.
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XOMA Corp. engages in the discovery and development of innovative therapeutics derived from platform of antibody technologies. Its products includes X358, X213, X129, and gevokizumab. The company was founded by Patrick J. Scannon in 1981 and is headquartered in Emeryville, CA.