Wedbush Thinks ObsEva SA’s Stock is Going to Recover


In a report released today, Liana Moussatos from Wedbush reiterated a Buy rating on ObsEva SA (OBSV), with a price target of $38. The company’s shares opened today at $10.77, close to its 52-week low of $9.73.

According to TipRanks.com, Moussatos has 0 stars on 0-5 star ranking scale with an average return of -9.2% and a 32.5% success rate. Moussatos covers the Healthcare sector, focusing on stocks such as BioMarin Pharmaceutical Inc., Aquestive Therapeutics Inc, and Allena Pharmaceuticals Inc.

Currently, the analyst consensus on ObsEva SA is a Moderate Buy with an average price target of $41, representing a 280.7% upside. In a report issued on June 5, H.C. Wainwright also reiterated a Buy rating on the stock with a $44 price target.

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Based on ObsEva SA’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $20.13 million. In comparison, last year the company had a GAAP net loss of $19.81 million.

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ObsEva SA engages in the development of therapeutic treatments for woman’s reproductive health and pregnancy. It offers biopharmaceutical drugs addressing conditions compromising pregnancy from conception to birth. The company was founded by Ernest Loumaye and André Chollet in November 2012 and is headquartered in Geneva, Switzerland.

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