H.C. Wainwright analyst Edward White maintained a Buy rating on Puma Biotechnology (PBYI – Research Report) today and set a price target of $8.00. The company’s shares opened today at $4.34.
White covers the Healthcare sector, focusing on stocks such as G1 Therapeutics, Spectrum Pharmaceuticals, and TRACON Pharmaceuticals. According to TipRanks, White has an average return of -4.6% and a 32.80% success rate on recommended stocks.
Currently, the analyst consensus on Puma Biotechnology is a Moderate Buy with an average price target of $8.00.
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Based on Puma Biotechnology’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $57.1 million and a GAAP net loss of $360 thousand. In comparison, last year the company earned a revenue of $46.25 million and had a GAAP net loss of $44.67 million
Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PBYI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Puma Biotechnology, Inc. is a development stage biopharmaceutical company. It acquires and develops innovative products for the treatment of various forms of cancer. The company focuses on in-licensing drug candidates that are undergoing or have already completed initial clinical testing for the treatment of cancer and then seek to further develop those drug candidates for commercial use. Puma Biotechnology was founded by Alan H. Auerbach on September 15, 2010 and is headquartered in Los Angeles, CA.
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