In a report released today, Chase Knickerbocker from Craig-Hallum maintained a Buy rating on Xeris Pharmaceuticals (XERS – Research Report). The company’s shares closed last Friday at $1.89.
Knickerbocker covers the Healthcare sector, focusing on stocks such as Xtant Medical Holdings, Ironwood Pharma, and MiMedx Group. According to TipRanks, Knickerbocker has an average return of 5.0% and a 47.22% success rate on recommended stocks.
Xeris Pharmaceuticals has an analyst consensus of Strong Buy, with a price target consensus of $5.33.
Based on Xeris Pharmaceuticals’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $48.32 million and a GAAP net loss of $12.19 million. In comparison, last year the company earned a revenue of $29.73 million and had a GAAP net loss of $21.83 million
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of XERS in relation to earlier this year. Most recently, in March 2024, John Johnson, a Director at XERS bought 215,600.00 shares for a total of $429,044.00.
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Xeris Pharmaceuticals (XERS) Company Description:
Xeris Pharmaceuticals, Inc.is a pharmaceutical company, which develops and commercializes ready-to-use, liquid-stable injectables. It offers XeriSol™ and XeriJect™ formulation technologies. The company was founded by Steven Prestrelski and John Kinzell in 2005 and is headquartered in Austin, TX.
