Other equities analysts also recently issued research reports about the company. Stifel Nicolaus began coverage on Prevail Therapeutics in a research report on Wednesday, July 15th. They issued a “buy” rating and a $23.00 target price on the stock. William Blair began coverage on Prevail Therapeutics in a research report on Monday. They issued an “outperform” rating and a $25.00 target price on the stock. ValuEngine raised Prevail Therapeutics from a “hold” rating to a “buy” rating in a research report on Monday, August 24th. Zacks Investment Research downgraded Prevail Therapeutics from a “hold” rating to a “sell” rating in a research report on Friday, August 14th. Finally, Wedbush upped their target price on Prevail Therapeutics from $19.00 to $22.00 and gave the company an “outperform” rating in a research report on Tuesday, May 26th. Two research analysts have rated the stock with a sell rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $22.75.
NASDAQ:PRVL opened at $11.87 on Tuesday. The company has a quick ratio of 9.50, a current ratio of 9.50 and a debt-to-equity ratio of 0.07. The stock’s 50 day moving average price is $13.10 and its two-hundred day moving average price is $14.47. The firm has a market capitalization of $406.13 million, a price-to-earnings ratio of -5.01 and a beta of 1.19. Prevail Therapeutics has a 12-month low of $9.02 and a 12-month high of $19.96.
A number of large investors have recently modified their holdings of PRVL. Avidity Partners Management LP acquired a new stake in Prevail Therapeutics during the second quarter worth approximately $15,329,000. BlackRock Inc. boosted its holdings in shares of Prevail Therapeutics by 59.3% in the 1st quarter. BlackRock Inc. now owns 1,133,979 shares of the company’s stock valued at $13,823,000 after purchasing an additional 422,205 shares in the last quarter. Federated Hermes Inc. acquired a new stake in shares of Prevail Therapeutics in the 2nd quarter valued at $2,645,000. Artal Group S.A. boosted its holdings in shares of Prevail Therapeutics by 85.0% in the 2nd quarter. Artal Group S.A. now owns 370,000 shares of the company’s stock valued at $5,513,000 after purchasing an additional 170,000 shares in the last quarter. Finally, QVT Financial LP acquired a new stake in shares of Prevail Therapeutics in the 1st quarter valued at $1,630,000. 82.59% of the stock is currently owned by institutional investors and hedge funds.
Prevail Therapeutics Company Profile
Prevail Therapeutics Inc, a gene therapy company, focuses on developing and commercializing disease-modifying AAV-based gene therapies for patients with devastating neurodegenerative diseases. The company's lead product candidate is PR001 for the treatment of Parkinson's disease with GBA1 mutation and neuronopathic Gaucher disease.
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