In a report released yesterday, Sam Slutsky from LifeSci Capital maintained a Buy rating on La Jolla Pharma (LJPC), with a price target of $8.00. The company’s shares closed last Wednesday at $5.03.
According to TipRanks.com, Slutsky is a 3-star analyst with an average return of 12.4% and a 55.6% success rate. Slutsky covers the Healthcare sector, focusing on stocks such as Catalyst Biosciences, Sierra Oncology, and BELLUS Health.
The word on The Street in general, suggests a Hold analyst consensus rating for La Jolla Pharma.
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Based on La Jolla Pharma’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $7.59 million and GAAP net loss of $8.59 million. In comparison, last year the company earned revenue of $4.4 million and had a GAAP net loss of $31.69 million.
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La Jolla Pharmaceutical Co. operates as a biopharmaceutical company, which engages in the discovery, development and commercialization of therapies intended to significantly improve outcomes in patients suffering from life-threatening diseases. Its products includes LJPC-501, LJPC-401 and LJPC-0118. LJPC-501 is the proprietary formulation for angiotensin II. The LJPC-401 is the formulation of hepcidin, which is an endogenous peptide hormone and LJPC-0118 is La Jolla’s investigational product for the treatment of severe malaria. The company was founded in 1989 and is headquartered in San Diego, CA.