Eiger Biopharmaceuticals Inc. (NASDAQ:EIGR) has received an average rating of “Buy” from the nine ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $29.50.
A number of brokerages recently weighed in on EIGR. Oppenheimer set a $26.00 target price on shares of Eiger Biopharmaceuticals and gave the stock a “buy” rating in a research report on Monday, March 12th. Zacks Investment Research upgraded shares of Eiger Biopharmaceuticals from a “sell” rating to a “hold” rating in a research report on Thursday. Wedbush dropped their target price on shares of Eiger Biopharmaceuticals from $36.00 to $34.00 and set an “outperform” rating for the company in a research report on Thursday. ValuEngine lowered shares of Eiger Biopharmaceuticals from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 1st. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $17.00 target price (down previously from $35.00) on shares of Eiger Biopharmaceuticals in a research report on Tuesday, January 16th.
Shares of EIGR stock traded up $0.10 during trading hours on Wednesday, hitting $10.10. 65,330 shares of the company were exchanged, compared to its average volume of 62,597. The company has a current ratio of 5.85, a quick ratio of 5.85 and a debt-to-equity ratio of 0.58. Eiger Biopharmaceuticals has a 12-month low of $6.10 and a 12-month high of $16.20. The company has a market capitalization of $105.27, a price-to-earnings ratio of -2.07 and a beta of 1.70.
A number of institutional investors have recently added to or reduced their stakes in EIGR. Prosight Management LP purchased a new stake in Eiger Biopharmaceuticals during the fourth quarter valued at $9,469,000. Jennison Associates LLC purchased a new stake in Eiger Biopharmaceuticals during the fourth quarter valued at $8,430,000. Armistice Capital LLC purchased a new stake in Eiger Biopharmaceuticals during the fourth quarter valued at $5,357,000. Stonepine Capital Management LLC purchased a new stake in Eiger Biopharmaceuticals during the fourth quarter valued at $2,093,000. Finally, Sphera Funds Management LTD. raised its stake in Eiger Biopharmaceuticals by 35.0% during the third quarter. Sphera Funds Management LTD. now owns 520,269 shares of the biotechnology company’s stock valued at $5,723,000 after purchasing an additional 134,968 shares in the last quarter. 68.96% of the stock is currently owned by institutional investors.
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Eiger Biopharmaceuticals Company Profile
Eiger BioPharmaceuticals, Inc, a clinical stage biopharmaceutical company, focuses on providing various products for the treatment of orphan diseases in the United States. Its product candidate pipeline includes Lonafarnib for the treatment of hepatitis delta virus (HDV) infection; PEG-interferon Lambda-1a (Lambda) for HDV infection; Exendin 9-39 for post-bariatric hypoglycemia; and Ubenimex for the treatment of pulmonary arterial hypertension and lymphedema, which are under Phase II clinical trials.
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