ValuEngine Downgrades Mast Therapeutics (SVRA) to Strong Sell

Mast Therapeutics (NASDAQ:SVRA) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a note issued to investors on Friday.

SVRA has been the topic of a number of other reports. Zacks Investment Research cut Mast Therapeutics from a “buy” rating to a “hold” rating in a report on Thursday, November 23rd. Canaccord Genuity upped their price objective on Mast Therapeutics from $18.00 to $25.00 and gave the company a “buy” rating in a report on Monday, October 30th. Jefferies Group initiated coverage on Mast Therapeutics in a report on Friday, September 22nd. They issued a “buy” rating and a $20.00 price objective on the stock. Finally, Roth Capital reiterated a “buy” rating and issued a $40.00 price objective on shares of Mast Therapeutics in a report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $21.30.

Mast Therapeutics (SVRA) opened at $13.49 on Friday. Mast Therapeutics has a twelve month low of $4.60 and a twelve month high of $16.10. The company has a debt-to-equity ratio of 0.20, a current ratio of 9.15 and a quick ratio of 9.15.

In other news, Director Yuri Pikover purchased 50,000 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were bought at an average cost of $7.85 per share, for a total transaction of $392,500.00. Following the completion of the purchase, the director now directly owns 150,000 shares of the company’s stock, valued at $1,177,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.93% of the stock is owned by corporate insiders.

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About Mast Therapeutics

Savara Inc, formerly Mast Therapeutics, Inc, is a clinical-stage pharmaceutical company. The Company is focused on the development and commercialization of novel therapies for the treatment of patients with rare respiratory diseases. Its pipeline includes AeroVanc, Molgradex and AIR001. AeroVanc is an inhaled formulation of vancomycin, which the Company is developing for the treatment of persistent methicillin-resistant Staphylococcus aureus, lung infection in cystic fibrosis patients.

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