Enanta Pharmaceuticals (NASDAQ:ENTA) Earns “Buy” Rating from HC Wainwright

Enanta Pharmaceuticals (NASDAQ:ENTAGet Free Report)‘s stock had its “buy” rating reiterated by equities researchers at HC Wainwright in a note issued to investors on Tuesday,Benzinga reports. They currently have a $20.00 price target on the biotechnology company’s stock. HC Wainwright’s target price indicates a potential upside of 49.59% from the stock’s current price.

Other research analysts have also issued research reports about the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Enanta Pharmaceuticals in a research report on Monday, April 20th. Rodman & Renshaw assumed coverage on Enanta Pharmaceuticals in a report on Thursday, March 26th. They issued a “buy” rating and a $20.00 price objective for the company. Finally, Wall Street Zen cut shares of Enanta Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Sunday, May 31st. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Enanta Pharmaceuticals currently has an average rating of “Moderate Buy” and a consensus target price of $20.29.

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Enanta Pharmaceuticals Price Performance

Enanta Pharmaceuticals stock opened at $13.37 on Tuesday. The company has a market cap of $388.80 million, a price-to-earnings ratio of -5.16 and a beta of 0.97. The firm has a 50-day moving average of $13.32 and a 200-day moving average of $13.65. Enanta Pharmaceuticals has a one year low of $6.43 and a one year high of $17.15.

Enanta Pharmaceuticals (NASDAQ:ENTAGet Free Report) last released its earnings results on Monday, May 11th. The biotechnology company reported ($0.45) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.01. Enanta Pharmaceuticals had a negative return on equity of 64.04% and a negative net margin of 89.56%.The business had revenue of $17.16 million for the quarter, compared to the consensus estimate of $17.03 million. As a group, sell-side analysts expect that Enanta Pharmaceuticals will post -1.79 earnings per share for the current year.

Institutional Investors Weigh In On Enanta Pharmaceuticals

A number of large investors have recently added to or reduced their stakes in the business. Deutsche Bank AG lifted its holdings in Enanta Pharmaceuticals by 4.6% during the 4th quarter. Deutsche Bank AG now owns 24,107 shares of the biotechnology company’s stock valued at $380,000 after purchasing an additional 1,055 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Enanta Pharmaceuticals by 8.3% in the third quarter. Public Employees Retirement System of Ohio now owns 14,412 shares of the biotechnology company’s stock valued at $173,000 after purchasing an additional 1,100 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Enanta Pharmaceuticals by 8.3% in the third quarter. Ameriprise Financial Inc. now owns 18,007 shares of the biotechnology company’s stock valued at $216,000 after purchasing an additional 1,383 shares during the period. Quantinno Capital Management LP raised its position in shares of Enanta Pharmaceuticals by 4.9% in the first quarter. Quantinno Capital Management LP now owns 35,122 shares of the biotechnology company’s stock valued at $444,000 after purchasing an additional 1,627 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of Enanta Pharmaceuticals by 13.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 16,443 shares of the biotechnology company’s stock worth $197,000 after buying an additional 1,940 shares during the last quarter. Institutional investors own 94.99% of the company’s stock.

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.

Further Reading

Analyst Recommendations for Enanta Pharmaceuticals (NASDAQ:ENTA)

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