Analysts Set Melinta Therapeutics, Inc. (MLNT) PT at $3.72

Melinta Therapeutics, Inc. (NASDAQ:MLNT) has been given a consensus recommendation of “Hold” by the ten ratings firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $3.72.

Several research firms have recently issued reports on MLNT. Zacks Investment Research raised shares of Melinta Therapeutics from a “sell” rating to a “hold” rating in a research note on Saturday, March 17th. BidaskClub downgraded shares of Melinta Therapeutics from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd.

How to Become a New Pot Stock Millionaire

NASDAQ:MLNT traded down $0.33 on Wednesday, hitting $6.57. The company had a trading volume of 170,199 shares, compared to its average volume of 163,237. The company has a market cap of $216.14, a price-to-earnings ratio of -0.30 and a beta of 1.38. The company has a debt-to-equity ratio of 0.55, a current ratio of 4.72 and a quick ratio of 4.38. Melinta Therapeutics has a 52 week low of $6.50 and a 52 week high of $24.25.

Melinta Therapeutics (NASDAQ:MLNT) last issued its quarterly earnings data on Tuesday, March 13th. The biotechnology company reported ($1.48) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.59) by ($0.89). The company had revenue of $4.23 million during the quarter, compared to the consensus estimate of $3.28 million. Melinta Therapeutics had a negative net margin of 550.46% and a negative return on equity of 45.75%. analysts expect that Melinta Therapeutics will post -4.82 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. Vatera Holdings LLC bought a new position in shares of Melinta Therapeutics during the fourth quarter valued at $106,325,000. BlackRock Inc. bought a new position in shares of Melinta Therapeutics during the fourth quarter valued at $9,550,000. Millennium Management LLC bought a new position in shares of Melinta Therapeutics during the fourth quarter valued at $4,407,000. Sphera Funds Management LTD. bought a new position in shares of Melinta Therapeutics during the fourth quarter valued at $3,160,000. Finally, Deutsche Bank AG bought a new position in shares of Melinta Therapeutics during the fourth quarter valued at $1,464,000. 36.99% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “Analysts Set Melinta Therapeutics, Inc. (MLNT) PT at $3.72” was originally reported by Ticker Report and is the property of of Ticker Report. If you are reading this story on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://www.tickerreport.com/banking-finance/3343893/analysts-set-melinta-therapeutics-inc-mlnt-pt-at-3-72.html.

Melinta Therapeutics Company Profile

Melinta Therapeutics, Inc develops and commercializes novel antibiotics designed to provide therapeutic solutions. The Company’s lead product is Baxdela, an antibiotic approved by the United States food and drug administration (FDA) for use in the treatment of acute bacterial skin and skin structure infections (ABSSSI).

Analyst Recommendations for Melinta Therapeutics (NASDAQ:MLNT)

Receive News & Ratings for Melinta Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Melinta Therapeutics and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Head-To-Head Contrast: Magellan Health  & Mednax
Head-To-Head Contrast: Magellan Health & Mednax
WA Space Trading Up 18.2% Over Last 7 Days
WA Space Trading Up 18.2% Over Last 7 Days
Sentinel Market Cap Reaches $0.00
Sentinel Market Cap Reaches $0.00
Cashme Achieves Market Cap of $0.00
Cashme Achieves Market Cap of $0.00
Mobile Mini  & Global Power Equipment Gr  Critical Review
Mobile Mini & Global Power Equipment Gr Critical Review
Ipsen  and Its Peers Critical Review
Ipsen and Its Peers Critical Review


Leave a Reply

© 2006-2018 Ticker Report. Google+.