Shares of Savara Inc. (NASDAQ:SVRA – Get Free Report) have earned an average rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $10.1429.
A number of equities research analysts have issued reports on the company. Wall Street Zen lowered Savara from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Savara in a research report on Friday, July 17th.
Read Our Latest Stock Analysis on Savara
Savara Price Performance
Savara (NASDAQ:SVRA – Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.02). On average, research analysts expect that Savara will post -0.62 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Swedbank AB lifted its holdings in Savara by 54.5% during the 4th quarter. Swedbank AB now owns 850,000 shares of the company’s stock worth $5,126,000 after buying an additional 300,000 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Savara by 96.5% in the 1st quarter. Renaissance Technologies LLC now owns 652,672 shares of the company’s stock valued at $3,564,000 after acquiring an additional 320,572 shares during the last quarter. F m Investments LLC raised its position in shares of Savara by 56.5% during the 4th quarter. F m Investments LLC now owns 678,813 shares of the company’s stock worth $4,093,000 after acquiring an additional 245,100 shares in the last quarter. Nan Fung Trinity HK Ltd. acquired a new stake in shares of Savara during the 4th quarter worth about $10,182,000. Finally, Orbimed Advisors LLC acquired a new stake in shares of Savara during the 1st quarter worth about $3,467,000. Institutional investors and hedge funds own 87.93% of the company’s stock.
Savara Company Profile
Savara Inc (NASDAQ:SVRA) is a clinical-stage biopharmaceutical company focused on developing and commercializing therapies for rare respiratory diseases. The company specializes in in-licensing, advancing and potentially bringing to market novel treatments that address severe pulmonary conditions with high unmet medical need.
The company’s lead candidate, Molgradex (recombinant human granulocyte-macrophage colony-stimulating factor, or GM-CSF), is under regulatory review for the treatment of autoimmune pulmonary alveolar proteinosis (PAP), a rare lung disease characterized by the accumulation of surfactant.
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