Raymond James analyst Elliot Wilbur maintained a Buy rating on Antares Pharma (ATRS) today. The company’s shares closed last Monday at $2.80.
According to TipRanks.com, Wilbur is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -4.0% and a 39.9% success rate. Wilbur covers the Healthcare sector, focusing on stocks such as Teva Pharmaceutical Industries, Amphastar Pharmaceuticals, and Amneal Pharmaceuticals.
Currently, the analyst consensus on Antares Pharma is a Moderate Buy with an average price target of $4.50.
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Based on Antares Pharma’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $32.38 million and net profit of $2.18 million. In comparison, last year the company earned revenue of $28.43 million and had a GAAP net loss of $2.23 million.
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Antares Pharma, Inc. is a combination drug device company, which engages in the development and commercialization of self-administered parenteral pharmaceutical products and technologies. Its proprietary products include XYOSTED injection, OTREXUP injection for subcutaneous use, and Sumatriptan injection. The company was founded in February 1979 and is headquartered in Ewing, NJ.
