.png "Selecta Biosciences (NASDAQ: SELB)")
William Blair analyst Raju Prasad maintained a Buy rating on Selecta Biosciences (SELB) today. The company’s shares closed last Tuesday at $2.56.
According to TipRanks.com, Prasad is a 5-star analyst with an average return of 12.5% and a 54.2% success rate. Prasad covers the Healthcare sector, focusing on stocks such as Global Blood Therapeutics, Alexion Pharmaceuticals, and Rocket Pharmaceuticals.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Selecta Biosciences with a $7.80 average price target, implying a 205.9% upside from current levels. In a report issued on September 12, Mizuho Securities also maintained a Buy rating on the stock with a $7.00 price target.
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Based on Selecta Biosciences’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $19.62 million. In comparison, last year the company earned revenue of $13K and had a GAAP net loss of $16.39 million.
Based on the recent corporate insider activity of 11 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.
