Oppenheimer Sticks to Their Buy Rating for Spero Therapeutics (SPRO)

In a report released today, Kevin DeGeeter from Oppenheimer maintained a Buy rating on Spero Therapeutics (SPRO), with a price target of $19.00. The company’s shares closed last Thursday at $17.56.

According to TipRanks.com, DeGeeter is a 5-star analyst with an average return of 35.2% and a 59.0% success rate. DeGeeter covers the Healthcare sector, focusing on stocks such as Interpace Diagnostics Group, Rocket Pharmaceuticals, and Cellectar Biosciences.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Spero Therapeutics with a $25.67 average price target, implying a 48.4% upside from current levels. In a report issued on November 23, H.C. Wainwright also reiterated a Buy rating on the stock with a $33.00 price target.

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The company has a one-year high of $16.94 and a one-year low of $5.25. Currently, Spero Therapeutics has an average volume of 381.8K.

Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SPRO in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Spero Therapeutics, Inc. is a clinical-stage biopharmaceutical company which focuses on identifying, developing, and commercializing novel treatments for multi-drug resistant, or MDR, bacterial infections. Its pipeline product candidates include SPR994, SPR741, and SPR206. The company was founded by Ankit A. Mahadevia and Laurence Rahme in April 2013 and is headquartered in Cambridge, MA.

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