In a report released today, Ram Selvaraju from H.C. Wainwright reiterated a Buy rating on Spero Therapeutics (SPRO), with a price target of $40.00. The company’s shares closed last Friday at $19.97.
According to TipRanks.com, Selvaraju is a top 25 analyst with an average return of 52.7% and a 82.0% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as Protalix Biotherapeutics, NeuroBo Pharmaceuticals, and Inovio Pharmaceuticals.
Spero Therapeutics has an analyst consensus of Strong Buy, with a price target consensus of $36.00, representing a 127.8% upside. In a report released yesterday, Oppenheimer also maintained a Buy rating on the stock with a $21.00 price target.
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Based on Spero Therapeutics’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4 million and GAAP net loss of $18.94 million. In comparison, last year the company earned revenue of $4.64 million and had a GAAP net loss of $17.72 million.
Based on the recent corporate insider activity of 11 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 SPRO in relation to earlier this year.
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Spero Therapeutics, Inc. is a clinical-stage biopharmaceutical company which focuses on identifying, developing, and commercializing novel treatments for multi-drug resistant, or MDR, bacterial infections. Its pipeline product candidates include SPR994, SPR741, and SPR206. The company was founded by Ankit A. Mahadevia and Laurence Rahme in April 2013 and is headquartered in Cambridge, MA.
