In a report released today, Difei Yang from Mizuho Securities reiterated a Buy rating on Xeris Pharmaceuticals (XERS), with a price target of $14.00. The company’s shares closed last Thursday at $3.19, close to its 52-week low of $2.45.
According to TipRanks.com, Yang is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -7.7% and a 33.6% success rate. Yang covers the Healthcare sector, focusing on stocks such as Freeline Therapeutics Holdings, Sarepta Therapeutics, and Magenta Therapeutics.
Currently, the analyst consensus on Xeris Pharmaceuticals is a Strong Buy with an average price target of $10.67.
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Based on Xeris Pharmaceuticals’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.17 million and GAAP net loss of $21.86 million. In comparison, last year the company earned revenue of $1.86 million and had a GAAP net loss of $33.08 million.
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Xeris Pharmaceuticals, Inc.is a pharmaceutical company, which develops and commercializes ready-to-use, liquid-stable injectables. It offers XeriSol™ and XeriJect™ formulation technologies. The company was founded by Steven Prestrelski and John Kinzell in 2005 and is headquartered in Austin, TX.
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