Abeona Therapeutics (ABEO) Earns “Buy” Rating from HC Wainwright

Abeona Therapeutics (NASDAQ:ABEO)‘s stock had its “buy” rating reaffirmed by analysts at HC Wainwright in a note issued to investors on Thursday. They presently have a $30.00 price objective on the biopharmaceutical company’s stock. HC Wainwright’s price objective would suggest a potential upside of 96.72% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the company. Royal Bank of Canada reaffirmed a “buy” rating and issued a $26.00 target price on shares of Abeona Therapeutics in a research note on Wednesday, January 24th. BidaskClub lowered Abeona Therapeutics from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. ValuEngine lowered Abeona Therapeutics from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Zacks Investment Research lowered Abeona Therapeutics from a “buy” rating to a “hold” rating in a research note on Thursday, November 23rd. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $28.00 target price on shares of Abeona Therapeutics in a research note on Wednesday, November 22nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $26.40.

Shares of Abeona Therapeutics (ABEO) opened at $15.25 on Thursday. The company has a market capitalization of $715.66, a P/E ratio of -23.11 and a beta of 2.21. Abeona Therapeutics has a 52 week low of $4.50 and a 52 week high of $22.75.

Abeona Therapeutics (NASDAQ:ABEO) last announced its quarterly earnings results on Wednesday, November 15th. The biopharmaceutical company reported ($0.13) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.05. The business had revenue of $0.22 million for the quarter, compared to analyst estimates of $0.22 million. Abeona Therapeutics had a negative return on equity of 27.69% and a negative net margin of 2,946.58%. analysts anticipate that Abeona Therapeutics will post -0.6 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of ABEO. State Street Corp acquired a new position in Abeona Therapeutics in the 2nd quarter valued at $1,900,000. Point72 Asset Management L.P. acquired a new position in Abeona Therapeutics in the 3rd quarter valued at $3,527,000. Northern Trust Corp raised its holdings in Abeona Therapeutics by 406.3% in the 2nd quarter. Northern Trust Corp now owns 257,668 shares of the biopharmaceutical company’s stock valued at $1,649,000 after acquiring an additional 206,775 shares during the last quarter. EAM Investors LLC acquired a new position in Abeona Therapeutics in the 3rd quarter valued at $2,509,000. Finally, Vanguard Group Inc. raised its holdings in Abeona Therapeutics by 11.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,081,670 shares of the biopharmaceutical company’s stock valued at $6,922,000 after acquiring an additional 108,730 shares during the last quarter. Institutional investors own 41.97% of the company’s stock.

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Abeona Therapeutics Company Profile

Abeona Therapeutics Inc is a clinical-stage biopharmaceutical company developing novel gene therapies for life-threatening rare genetic diseases. The Company’s lead programs include ABO-102 (AAV-SGSH), an adeno-associated virus (AAV) based gene therapy for Sanfilippo syndrome type A (MPS IIIA) and EB-101 (gene-corrected skin grafts) for recessive dystrophic epidermolysis bullosa (RDEB).

Analyst Recommendations for Abeona Therapeutics (NASDAQ:ABEO)

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