Enanta Pharmaceuticals, Inc. (NASDAQ:ENTA) Receives $20.29 Average PT from Analysts

Enanta Pharmaceuticals, Inc. (NASDAQ:ENTAGet Free Report) has received a consensus rating of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $20.2857.

ENTA has been the subject of a number of research analyst reports. Rodman & Renshaw initiated coverage on shares of Enanta Pharmaceuticals in a research report on Thursday, March 26th. They set a “buy” rating and a $20.00 price objective for the company. Wall Street Zen upgraded shares of Enanta Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. HC Wainwright reiterated a “buy” rating and set a $20.00 price objective on shares of Enanta Pharmaceuticals in a research report on Tuesday, February 10th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Enanta Pharmaceuticals in a research report on Monday, April 20th.

Check Out Our Latest Stock Report on Enanta Pharmaceuticals

Hedge Funds Weigh In On Enanta Pharmaceuticals

A number of institutional investors have recently added to or reduced their stakes in ENTA. Janus Henderson Group PLC increased its position in Enanta Pharmaceuticals by 91.6% during the 4th quarter. Janus Henderson Group PLC now owns 3,729,659 shares of the biotechnology company’s stock worth $58,761,000 after purchasing an additional 1,782,745 shares in the last quarter. Commodore Capital LP acquired a new position in Enanta Pharmaceuticals in the 3rd quarter valued at approximately $9,576,000. Krensavage Asset Management LLC increased its position in Enanta Pharmaceuticals by 30.8% in the 4th quarter. Krensavage Asset Management LLC now owns 2,766,390 shares of the biotechnology company’s stock valued at $43,626,000 after acquiring an additional 651,946 shares during the period. Farallon Capital Management LLC increased its position in Enanta Pharmaceuticals by 30.6% in the 4th quarter. Farallon Capital Management LLC now owns 2,772,262 shares of the biotechnology company’s stock valued at $43,719,000 after acquiring an additional 650,000 shares during the period. Finally, Spruce Street Capital LP increased its position in Enanta Pharmaceuticals by 139.3% in the 1st quarter. Spruce Street Capital LP now owns 932,598 shares of the biotechnology company’s stock valued at $11,779,000 after acquiring an additional 542,911 shares during the period. 94.99% of the stock is currently owned by institutional investors and hedge funds.

Enanta Pharmaceuticals Trading Down 2.5%

Shares of Enanta Pharmaceuticals stock opened at $13.19 on Friday. The company has a 50 day moving average of $13.60 and a 200-day moving average of $13.74. Enanta Pharmaceuticals has a 1-year low of $5.78 and a 1-year high of $17.15. The company has a market cap of $383.57 million, a PE ratio of -5.09 and a beta of 1.01.

Enanta Pharmaceuticals (NASDAQ:ENTAGet Free Report) last issued its quarterly earnings results on Monday, May 11th. The biotechnology company reported ($0.45) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.01. The company had revenue of $17.16 million during the quarter, compared to the consensus estimate of $17.03 million. Enanta Pharmaceuticals had a negative net margin of 89.56% and a negative return on equity of 64.04%. Research analysts forecast that Enanta Pharmaceuticals will post -2.01 earnings per share for the current year.

Enanta Pharmaceuticals Company Profile

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Enanta Pharmaceuticals, Inc is a biotechnology company headquartered in Watertown, Massachusetts, specializing in the discovery and development of novel, small-molecule drugs targeting viral diseases. Leveraging a proprietary chemistry platform, Enanta has built extensive expertise in designing potent inhibitors of viral proteases and polymerases. The company initially gained recognition through partnerships focused on hepatitis C virus (HCV), where its protease inhibitors formed a key component of ABBVIE’s direct‐acting antiviral regimens.

Building on its HCV experience, Enanta has expanded its pipeline to address respiratory syncytial virus (RSV) and other viral infections.

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Analyst Recommendations for Enanta Pharmaceuticals (NASDAQ:ENTA)

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