Wall Street Zen lowered shares of Longeveron (NASDAQ:LGVN – Free Report) from a hold rating to a sell rating in a research note issued to investors on Saturday.
LGVN has been the topic of a number of other research reports. Maxim Group cut Longeveron from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. HC Wainwright cut their price target on shares of Longeveron from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Finally, Weiss Ratings cut shares of Longeveron from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, July 9th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $5.50.
View Our Latest Stock Analysis on Longeveron
Longeveron Trading Up 1.4%
Longeveron (NASDAQ:LGVN – Get Free Report) last released its earnings results on Wednesday, May 13th. The company reported ($0.19) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.19). Longeveron had a negative return on equity of 202.41% and a negative net margin of 1,844.49%.The business had revenue of $0.40 million for the quarter, compared to the consensus estimate of $0.33 million. On average, equities analysts forecast that Longeveron will post -0.68 EPS for the current fiscal year.
Institutional Trading of Longeveron
An institutional investor recently bought a new stake in Longeveron stock. XTX Topco Ltd acquired a new stake in Longeveron Inc. (NASDAQ:LGVN – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 48,003 shares of the company’s stock, valued at approximately $62,000. XTX Topco Ltd owned approximately 0.32% of Longeveron at the end of the most recent reporting period. Institutional investors and hedge funds own 10.01% of the company’s stock.
Longeveron Company Profile
Longeveron Inc is a clinical-stage biotechnology company focused on the development and commercialization of allogeneic cellular therapies designed to address aging-related and inflammatory conditions. The company’s primary therapeutic candidate, Lomecel-B, is an off-the-shelf mesenchymal stem cell product derived from bone marrow. Through its proprietary manufacturing process, Longeveron aims to produce a consistent, scalable cell therapy platform with potential applications in multiple disease areas.
Longeveron’s pipeline encompasses several ongoing and completed clinical studies.
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