Shares of Nabriva Therapeutics AG (NASDAQ:NBRV) were down 1.7% during mid-day trading on Thursday . The company traded as low as $8.20 and last traded at $8.40. Approximately 777,928 shares traded hands during trading, an increase of 81% from the average daily volume of 429,780 shares. The stock had previously closed at $8.26.
A number of analysts recently issued reports on NBRV shares. Cantor Fitzgerald reissued a “buy” rating and set a $16.00 target price on shares of Nabriva Therapeutics AG in a research report on Friday, September 1st. SunTrust Banks, Inc. started coverage on shares of Nabriva Therapeutics AG in a research report on Friday, August 25th. They set a “buy” rating and a $20.00 target price for the company. ValuEngine raised shares of Nabriva Therapeutics AG from a “sell” rating to a “hold” rating in a research report on Saturday, June 24th. Zacks Investment Research raised shares of Nabriva Therapeutics AG from a “sell” rating to a “hold” rating and set a $12.00 target price for the company in a research report on Tuesday, July 18th. Finally, HC Wainwright reissued a “buy” rating and set a $18.00 target price (up previously from $16.00) on shares of Nabriva Therapeutics AG in a research report on Monday, August 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. Nabriva Therapeutics AG has a consensus rating of “Buy” and an average price target of $19.13.
The stock’s market capitalization is $224.10 million. The stock’s 50 day moving average is $9.01 and its 200 day moving average is $10.19.
Nabriva Therapeutics AG (NASDAQ:NBRV) last announced its quarterly earnings results on Monday, August 7th. The biotechnology company reported ($0.54) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($5.83) by $5.29. The firm had revenue of $1.05 million for the quarter, compared to analyst estimates of $1.34 million. On average, analysts forecast that Nabriva Therapeutics AG will post ($2.29) EPS for the current fiscal year.
In related news, major shareholder Hbm Healthcare Investments (Ca sold 13,127 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $10.94, for a total value of $143,609.38. Following the completion of the sale, the insider now directly owns 2,583,229 shares in the company, valued at approximately $28,260,525.26. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Vivo Capital Viii, Llc bought 52,631 shares of Nabriva Therapeutics AG stock in a transaction that occurred on Monday, September 18th. The stock was bought at an average price of $9.46 per share, with a total value of $497,889.26. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 279,000 shares of company stock valued at $2,870,869. Corporate insiders own 2.75% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of NBRV. Almanack Investment Partners LLC. lifted its holdings in Nabriva Therapeutics AG by 482.2% in the 2nd quarter. Almanack Investment Partners LLC. now owns 907,183 shares of the biotechnology company’s stock worth $1,633,000 after purchasing an additional 751,366 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Nabriva Therapeutics AG by 9.9% in the 1st quarter. Wellington Management Group LLP now owns 2,154,261 shares of the biotechnology company’s stock worth $25,830,000 after purchasing an additional 193,951 shares during the last quarter. Nationwide Fund Advisors acquired a new stake in Nabriva Therapeutics AG in the 1st quarter worth approximately $2,074,000. Finally, Royal Bank of Canada lifted its holdings in Nabriva Therapeutics AG by 19.6% in the 2nd quarter. Royal Bank of Canada now owns 52,807 shares of the biotechnology company’s stock worth $553,000 after purchasing an additional 8,650 shares during the last quarter. Hedge funds and other institutional investors own 68.56% of the company’s stock.
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Nabriva Therapeutics AG Company Profile
Nabriva Therapeutics plc is a clinical stage biopharmaceutical company. The Company is engaged in engaged in the research and development of novel anti-infectives to treat serious infections, with a focus on the pleuromutilin class of antibiotics. The Company’s medicinal chemistry has enabled targeted discovery of novel pleuromutilins, including both intravenous and oral formulations of its lead product candidate, lefamulin.
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