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 Friday at $3.27.
According to TipRanks.com, Selvaraju is a 5-star analyst with an average return of 19.4% and a 56.7% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as Biospecifics Technologies, Springworks Therapeutics, and Protalix Biotherapeutics.
Selecta Biosciences has an analyst consensus of Moderate Buy, with a price target consensus of $5.40, representing a 75.3% upside. In a report issued on November 6, Needham also assigned a Buy rating to the stock with a $3.50 price target.
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The company has a one-year high of $4.83 and a one-year low of $1.30. Currently, Selecta Biosciences has an average volume of 2.75M.
Based on the recent corporate insider activity of 16 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.
