Roth Capital Initiates Coverage on Matinas BioPharma Holdings Inc (NASDAQ:MTNB)

Analysts at Roth Capital assumed coverage on shares of Matinas BioPharma Holdings Inc (NASDAQ:MTNB) in a note issued to investors on Monday, July 10th. The brokerage set a “buy” rating and a $9.00 price target on the stock.

A number of other equities research analysts have also recently commented on MTNB. Maxim Group reissued a “buy” rating and set a $6.00 target price on shares of Matinas BioPharma Holdings in a research report on Monday, March 27th. Aegis reissued a “positive” rating and set a $8.00 target price on shares of Matinas BioPharma Holdings in a research report on Tuesday, March 28th.

Shares of Matinas BioPharma Holdings (NASDAQ MTNB) traded up 14.40% during mid-day trading on Monday, reaching $1.43. 640,549 shares of the company’s stock traded hands. The firm’s market capitalization is $130.70 million. Matinas BioPharma Holdings has a 12-month low of $0.63 and a 12-month high of $3.99. The stock has a 50-day moving average price of $1.66 and a 200 day moving average price of $2.56.

Matinas BioPharma Holdings (NASDAQ:MTNB) last announced its quarterly earnings results on Tuesday, May 16th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.04) by $0.21. Matinas BioPharma Holdings had a negative return on equity of 1,227.85% and a negative net margin of 30,034.20%. The business had revenue of $0.02 million during the quarter. Analysts anticipate that Matinas BioPharma Holdings will post ($0.26) EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Spark Investment Management LLC bought a new position in shares of Matinas BioPharma Holdings during the first quarter worth about $105,000. Alps Advisors Inc. bought a new position in shares of Matinas BioPharma Holdings during the second quarter worth about $139,000. Schwab Charles Investment Management Inc. bought a new position in shares of Matinas BioPharma Holdings during the second quarter worth about $152,000. Segantii Capital Management Ltd bought a new position in shares of Matinas BioPharma Holdings during the first quarter worth about $166,000. Finally, KCG Holdings Inc. bought a new position in shares of Matinas BioPharma Holdings during the first quarter worth about $193,000.

Matinas BioPharma Holdings Company Profile

Matinas BioPharma Holdings, Inc is a clinical-stage biopharmaceutical company. The Company is engaged in identifying and developing therapeutics for the treatment of serious and life-threatening infections. It is engaged in developing a pipeline of product and development candidates, with an initial focus on serious fungal and bacterial infections.

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