Pluristem Therapeutics (NASDAQ:PSTI) Receives “Buy” Rating from HC Wainwright

HC Wainwright restated their buy rating on shares of Pluristem Therapeutics (NASDAQ:PSTI) in a research note issued to investors on Wednesday, AnalystRatings.com reports. The firm currently has a $15.50 price target on the biotechnology company’s stock.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Pluristem Therapeutics from a hold rating to a buy rating and set a $4.25 price target on the stock in a research note on Thursday, October 17th. LADENBURG THALM/SH SH started coverage on shares of Pluristem Therapeutics in a research note on Monday, July 22nd. They set a buy rating on the stock. Finally, ValuEngine downgraded shares of Pluristem Therapeutics from a buy rating to a hold rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $9.25.

PSTI traded up $0.03 on Wednesday, hitting $3.23. 23,200 shares of the company were exchanged, compared to its average volume of 72,100. The company has a current ratio of 2.74, a quick ratio of 3.23 and a debt-to-equity ratio of 0.07. Pluristem Therapeutics has a fifty-two week low of $3.17 and a fifty-two week high of $11.90. The business’s fifty day moving average is $3.55 and its 200 day moving average is $2.47.

Several hedge funds have recently modified their holdings of the company. United Capital Financial Advisers LLC raised its stake in shares of Pluristem Therapeutics by 37.8% in the 2nd quarter. United Capital Financial Advisers LLC now owns 85,733 shares of the biotechnology company’s stock valued at $53,000 after acquiring an additional 23,533 shares during the period. Jane Street Group LLC raised its stake in shares of Pluristem Therapeutics by 28.1% in the 2nd quarter. Jane Street Group LLC now owns 153,322 shares of the biotechnology company’s stock valued at $95,000 after acquiring an additional 33,630 shares during the period. Verition Fund Management LLC purchased a new position in shares of Pluristem Therapeutics in the 2nd quarter valued at $231,000. Nikko Asset Management Americas Inc. raised its stake in shares of Pluristem Therapeutics by 102.8% in the 2nd quarter. Nikko Asset Management Americas Inc. now owns 1,882,401 shares of the biotechnology company’s stock valued at $1,168,000 after acquiring an additional 954,161 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Pluristem Therapeutics by 107.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,882,401 shares of the biotechnology company’s stock valued at $1,168,000 after acquiring an additional 974,306 shares during the period. 71.33% of the stock is currently owned by institutional investors and hedge funds.

Pluristem Therapeutics Company Profile

Pluristem Therapeutics Inc, together with its subsidiary, Pluristem Ltd., operates as a bio-therapeutics company in Israel. It focuses on the research, development, clinical trial, and manufacture of cell therapeutic products and related technologies for the treatment of various ischemic, inflammatory, and hematologic conditions, as well as autoimmune disorders.

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