Dova Pharmaceuticals Inc (DOVA) Given Consensus Recommendation of “Strong Buy” by Brokerages

Shares of Dova Pharmaceuticals Inc (NASDAQ:DOVA) have earned a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that cover the company, Zacks Investment Research reports. Three equities research analysts have rated the stock with a strong buy rating.

Brokers have set a 12-month consensus target price of $35.67 for the company and are expecting that the company will post ($0.36) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Dova Pharmaceuticals an industry rank of 175 out of 265 based on the ratings given to related companies.

A number of equities research analysts have recently issued reports on DOVA shares. Zacks Investment Research downgraded shares of Dova Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. BidaskClub raised shares of Dova Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Saturday, January 13th. Jefferies Group boosted their price objective on shares of Dova Pharmaceuticals to $33.00 and gave the company a “buy” rating in a research report on Tuesday, November 28th. Finally, Leerink Swann raised shares of Dova Pharmaceuticals from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research report on Tuesday, September 26th.

Shares of Dova Pharmaceuticals (NASDAQ DOVA) traded up $0.35 during mid-day trading on Wednesday, hitting $30.90. 138,493 shares of the stock were exchanged, compared to its average volume of 98,860. Dova Pharmaceuticals has a 12-month low of $16.98 and a 12-month high of $32.75.

Dova Pharmaceuticals (NASDAQ:DOVA) last issued its quarterly earnings data on Thursday, November 9th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.08). During the same quarter in the previous year, the company earned ($0.41) EPS. sell-side analysts forecast that Dova Pharmaceuticals will post -1.51 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System bought a new position in Dova Pharmaceuticals in the 3rd quarter worth $202,000. Schwab Charles Investment Management Inc. bought a new position in Dova Pharmaceuticals in the 3rd quarter worth $241,000. Laurion Capital Management LP bought a new position in Dova Pharmaceuticals in the 2nd quarter worth $223,000. Bank of New York Mellon Corp bought a new position in Dova Pharmaceuticals in the 3rd quarter worth $340,000. Finally, JPMorgan Chase & Co. bought a new position in Dova Pharmaceuticals in the 2nd quarter worth $382,000. 26.20% of the stock is owned by institutional investors.

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Dova Pharmaceuticals Company Profile

Dova Pharmaceuticals, Inc is a clinical-stage pharmaceutical company. The Company is focused on acquiring, developing and commercializing drug candidates. The Company’s initial focus is on thrombocytopenia, a disorder characterized by a low blood platelet count. The Company is developing avatrombopag for treatment of thrombocytopenia in patients with chronic liver disease (CLD).

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