Nivalis Therapeutics, Inc. (NASDAQ:ALPN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.
According to Zacks, “Alpine Immune Sciences Inc. operates as a specialty pharmaceutical company. It engages in the discovery and development of protein-based immunotherapies for the treatment of cancer, inflammatory disorders and other diseases. Alpine Immune Sciences Inc., formerly known as Nivalis Therapeutics, is based in Seattle, Washington. “
Other research analysts have also issued research reports about the stock. Ladenburg Thalmann Financial Services began coverage on shares of Nivalis Therapeutics in a research report on Thursday, July 27th. They set a “buy” rating and a $17.00 price objective for the company. ValuEngine lowered shares of Nivalis Therapeutics from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $5.75.
A hedge fund recently bought a new stake in Nivalis Therapeutics stock. Sowell Financial Services LLC bought a new stake in Nivalis Therapeutics, Inc. (NASDAQ:ALPN) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 15,714 shares of the biotechnology company’s stock, valued at approximately $162,000. Sowell Financial Services LLC owned approximately 0.40% of Nivalis Therapeutics at the end of the most recent quarter.
About Nivalis Therapeutics
Nivalis Therapeutics, Inc is a pharmaceutical company. The Company focuses on the discovery and development of product candidates for patients with cystic fibrosis (CF). Its drug candidate portfolio consists of multiple compounds, which are designed for oral, intravenous (IV) or inhaled administration.
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