Provention Bio (PRVB) Receives a Buy from H.C. Wainwright
In a report released today, Ram Selvaraju from H.C. Wainwright reiterated a Buy rating on Provention Bio (PRVB), with a price target of $26.00. The company’s shares closed last Monday at $12.85.
According to TipRanks.com, Selvaraju is a 5-star analyst with an average return of 11.5% and a 43.1% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as Taro Pharmaceutical Industries, Biospecifics Technologies, and Protalix Biotherapeutics.
Provention Bio has an analyst consensus of Strong Buy, with a price target consensus of $28.75, representing a 137.2% upside. In a report released yesterday, Chardan Capital also reiterated a Buy rating on the stock with a $35.00 price target.
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The company has a one-year high of $18.50 and a one-year low of $4.72. Currently, Provention Bio has an average volume of 568.3K.
Based on the recent corporate insider activity of 15 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 PRVB in relation to earlier this year.
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Provention Bio, Inc. is a clinical-stage biopharmaceutical company, which engages in the development and commercialization of novel therapeutics and solutions. Its products include PRV-031 for the interception of type 1 diabetes (T1D); PRV-015 for the treatment of gluten-free diet non-responding celiac disease; PRV-6527 for Crohn’s disease; PRV-300 for ulcerative colitis; PRV-3279 for the treatment of lupus; and PRV-101 for the prevention of acute coxsackie virus B (CVB), and the prevention of T1D onset. The company was founded by Francisco Leon and Ashleigh Palmer on October 4, 2016 and is headquartered in Lebanon, NJ.