H.C. Wainwright analyst Ram Selvaraju reiterated a Buy rating on Selecta Biosciences (SELB) today and set a price target of $6.00. The company’s shares closed last Tuesday at $2.18.
According to TipRanks.com, Selvaraju is a 5-star analyst with an average return of 18.4% and a 50.3% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as Taro Pharmaceutical Industries, Biospecifics Technologies, and Protalix Biotherapeutics.
Currently, the analyst consensus on Selecta Biosciences is a Moderate Buy with an average price target of $5.40, representing a 138.9% upside. In a report issued on October 9, Canaccord Genuity also maintained a Buy rating on the stock with a $13.00 price target.
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The company has a one-year high of $4.83 and a one-year low of $1.28. Currently, Selecta Biosciences has an average volume of 1.76M.
Based on the recent corporate insider activity of 14 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 SELB in relation to earlier this year.
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Selecta Biosciences, Inc. operates as a clinical-stage biopharmaceutical company, which engages in the research and development of nanoparticle immunomodulatory drugs for the treatment and prevention of human diseases. it produces the Synthetic Vaccine Particles (SVP) platform for immune tolerance and immune stimulation. The firm proprietary pipeline includes SVP-enabled enzyme, oncology and gene therapies. The company was founded by Omid C. Farokhzad, Robert S. Langer Jr., and Ulrich von Andrian in 2007 and is headquartered in Watertown, MA.
