Acer Therapeutics’ (ACER) “Neutral” Rating Reaffirmed at William Blair

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William Blair reiterated their neutral rating on shares of Acer Therapeutics (NASDAQ:ACER) in a research note issued to investors on Friday morning, AnalystRatings.com reports.

ACER has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Acer Therapeutics from a sell rating to a hold rating in a research report on Friday, May 17th. BidaskClub upgraded shares of Acer Therapeutics from a sell rating to a hold rating in a research report on Saturday, April 13th. ValuEngine upgraded shares of Acer Therapeutics from a hold rating to a buy rating in a research report on Thursday, August 1st. Needham & Company LLC cut shares of Acer Therapeutics from a buy rating to a hold rating in a research report on Tuesday, June 25th. Finally, Raymond James cut shares of Acer Therapeutics from an outperform rating to a market perform rating in a research report on Tuesday, June 25th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Acer Therapeutics currently has a consensus rating of Hold and a consensus target price of $30.33.

Shares of Acer Therapeutics stock opened at $2.55 on Friday. Acer Therapeutics has a 52 week low of $2.49 and a 52 week high of $34.10. The company’s fifty day simple moving average is $5.60. The company has a market cap of $25.72 million, a PE ratio of -1.02 and a beta of 1.54.

Acer Therapeutics (NASDAQ:ACER) last released its quarterly earnings data on Tuesday, May 14th. The biopharmaceutical company reported ($0.79) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.83) by $0.04. As a group, research analysts forecast that Acer Therapeutics will post -2.77 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wedbush Securities Inc. acquired a new position in Acer Therapeutics in the 2nd quarter worth $94,000. SG Americas Securities LLC acquired a new position in Acer Therapeutics in the 1st quarter worth $101,000. Laurion Capital Management LP acquired a new position in Acer Therapeutics in the 1st quarter worth $253,000. Tibra Equities Europe Ltd acquired a new position in Acer Therapeutics in the 1st quarter worth $297,000. Finally, Northern Trust Corp boosted its stake in Acer Therapeutics by 5.7% in the 4th quarter. Northern Trust Corp now owns 33,572 shares of the biopharmaceutical company’s stock worth $676,000 after purchasing an additional 1,797 shares during the period. 31.07% of the stock is owned by hedge funds and other institutional investors.

Acer Therapeutics Company Profile

Acer Therapeutics Inc, a pharmaceutical company, focuses on the acquisition, development, and commercialization of therapies for serious rare and life-threatening diseases. Its pipeline includes three clinical-stage candidates: EDSIVO for the treatment of vascular Ehlers-Danlos Syndrome in patients with a confirmed type III collagen mutation; and ACER-001, a formulation of sodium phenylbutyrate for the treatment of various inborn errors of metabolism, including urea cycle disorders, maple syrup urine disease, and osanetant for the treatment of various neuroendocrine disorders.

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Analyst Recommendations for Acer Therapeutics (NASDAQ:ACER)

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