In a report released today, Difei Yang from Mizuho Securities reiterated a Buy rating on Selecta Biosciences (SELB), with a price target of $7.00. The company’s shares closed last Thursday at $2.61.
According to TipRanks.com, Yang ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -8.8% and a 35.3% success rate. Yang covers the Healthcare sector, focusing on stocks such as Xeris Pharmaceuticals, Sarepta Therapeutics, and Revance Therapeutics.
Currently, the analyst consensus on Selecta Biosciences is a Strong Buy with an average price target of $8.75.
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Based on Selecta Biosciences’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $19.62 million. In comparison, last year the company earned revenue of $10K and had a GAAP net loss of $12.07 million.
Based on the recent corporate insider activity of 21 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 SELB in relation to earlier this year.
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Selecta Biosciences, Inc. operates as a clinical-stage biopharmaceutical company, which engages in the research and development of nanoparticle immunomodulatory drugs for the treatment and prevention of human diseases. it produces the Synthetic Vaccine Particles (SVP) platform for immune tolerance and immune stimulation. The firm proprietary pipeline includes SVP-enabled enzyme, oncology and gene therapies. The company was founded by Omid C. Farokhzad, Robert S. Langer Jr., and Ulrich von Andrian in 2007 and is headquartered in Watertown, MA.
