Equities research analysts at William Blair began coverage on shares of Altimmune (NASDAQ:ALT - Get Free Report) in a report released on Friday,Briefing.com Automated Import reports. The brokerage set a "market perform" rating on the stock.
Other equities research analysts have also recently issued research reports about the stock. HC Wainwright reaffirmed a "buy" rating and set a $12.00 target price on shares of Altimmune in a research note on Wednesday, February 5th. UBS Group began coverage on shares of Altimmune in a research report on Tuesday, November 12th. They set a "buy" rating and a $26.00 price target on the stock. Finally, Stifel Nicolaus began coverage on shares of Altimmune in a research note on Wednesday, January 8th. They set a "buy" rating and a $18.00 price objective for the company. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Altimmune currently has a consensus rating of "Moderate Buy" and an average price target of $20.83.
Check Out Our Latest Stock Report on Altimmune
Shares of NASDAQ:ALT opened at $6.42 on Friday. The firm has a market capitalization of $456.59 million, a price-to-earnings ratio of -4.14 and a beta of 0.19. The business's 50 day moving average price is $6.88 and its 200-day moving average price is $7.18. Altimmune has a 1 year low of $5.28 and a 1 year high of $14.84.
Altimmune (NASDAQ:ALT - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.01. The business had revenue of $0.01 million for the quarter, compared to the consensus estimate of $0.00 million. Altimmune had a negative return on equity of 55.81% and a negative net margin of 199,076.92%. On average, sell-side analysts expect that Altimmune will post -1.35 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in ALT. Barclays PLC lifted its holdings in Altimmune by 1.1% in the fourth quarter. Barclays PLC now owns 157,528 shares of the company's stock valued at $1,135,000 after acquiring an additional 1,787 shares during the last quarter. Rafferty Asset Management LLC lifted its stake in shares of Altimmune by 1.3% in the 4th quarter. Rafferty Asset Management LLC now owns 157,750 shares of the company's stock valued at $1,137,000 after purchasing an additional 1,964 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Altimmune by 2.0% during the 4th quarter. JPMorgan Chase & Co. now owns 102,940 shares of the company's stock worth $742,000 after purchasing an additional 2,028 shares during the period. B. Riley Wealth Advisors Inc. increased its position in shares of Altimmune by 12.9% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 23,454 shares of the company's stock worth $144,000 after purchasing an additional 2,687 shares during the last quarter. Finally, MetLife Investment Management LLC raised its holdings in Altimmune by 7.0% in the 4th quarter. MetLife Investment Management LLC now owns 44,474 shares of the company's stock valued at $321,000 after buying an additional 2,897 shares during the period. Hedge funds and other institutional investors own 78.05% of the company's stock.
Altimmune, Inc, a clinical stage biopharmaceutical company, focuses on developing treatments for obesity and liver diseases. The company's lead product candidate, pemvidutide, a GLP-1/glucagon dual receptor agonist that is in Phase 2 trial for the treatment of obesity and metabolic dysfunction-associated steatohepatitis.
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