Stifel Nicolaus analyst Derek Archila reiterated a Buy rating on Rhythm Pharmaceuticals (RYTM) today and set a price target of $35.00. The company’s shares closed last Tuesday at $28.19.
According to TipRanks.com, Archila is a 4-star analyst with an average return of 13.0% and a 49.0% success rate. Archila covers the Healthcare sector, focusing on stocks such as DBV Technologies SA – American, Madrigal Pharmaceuticals, and Alexion Pharmaceuticals.
Currently, the analyst consensus on Rhythm Pharmaceuticals is a Moderate Buy with an average price target of $35.43.
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Based on Rhythm Pharmaceuticals’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $33.82 million. In comparison, last year the company had a GAAP net loss of $36 million.
Based on the recent corporate insider activity of 26 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 RYTM in relation to earlier this year.
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Rhythm Pharmaceuticals, Inc. develops and commercializes peptide therapeutics for the treatment of gastrointestinal diseases and genetic deficiencies. It focuses on the treatment for Prader-Willi Syndrome and Pro-Opiomelanocortin deficiency obesity. The firm rapidly develops setmelanotide for rare genetic disorders of obesity caused by MC4 pathway deficiencies and provides advance setmelanotide for POMC deficiency obesity and LEPR deficiency obesity as first indications in upstream MC4 pathway deficiencies. The company was founded by Bart Henderson in February 2010 and is headquartered in Boston, MA.
