H.C. Wainwright Thinks Evolus’ Stock is Going to Recover

In a report released today, Douglas Tsao from H.C. Wainwright reiterated a Buy rating on Evolus (EOLS), with a price target of $8.00. The company’s shares closed last Monday at $3.71, close to its 52-week low of $3.00.

According to TipRanks.com, Tsao is a 4-star analyst with an average return of 9.4% and a 49.8% success rate. Tsao covers the Healthcare sector, focusing on stocks such as Crinetics Pharmaceuticals, Protagonist Therapeutics, and Minerva Neurosciences.

Evolus has an analyst consensus of Moderate Buy, with a price target consensus of $7.00.

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Based on Evolus’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $10.5 million and GAAP net loss of $19.74 million. In comparison, last year the company had a GAAP net loss of $10.98 million.

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Evolus, Inc. is a medical aesthetics company, which engages in the provision of medical aesthetic treatments and procedures. It offers products under the brand of Jeuveau. The company was founded by Scott Cannizzaro in November, 2012 and is headquartered in Newport Beach, CA.

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