Athira Pharma (NASDAQ:LONA) Stock Rating Upgraded by Citizens Jmp

Athira Pharma (NASDAQ:LONAGet Free Report) was upgraded by Citizens Jmp from a “market perform” rating to an “outperform” rating in a research note issued on Thursday, Marketbeat Ratings reports. The firm presently has a $18.00 price target on the stock. Citizens Jmp’s price target suggests a potential upside of 155.68% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Athira Pharma in a research note on Monday, May 11th. Wall Street Zen upgraded shares of Athira Pharma from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Piper Sandler started coverage on shares of Athira Pharma in a report on Wednesday, May 27th. They issued an “overweight” rating and a $20.00 price objective on the stock. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Athira Pharma presently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

Check Out Our Latest Research Report on LONA

Athira Pharma Trading Up 1.0%

Shares of Athira Pharma stock opened at $7.04 on Thursday. The business’s 50 day simple moving average is $8.56 and its 200-day simple moving average is $8.06. The stock has a market capitalization of $66.11 million, a price-to-earnings ratio of -1.35 and a beta of 2.01. Athira Pharma has a twelve month low of $3.24 and a twelve month high of $14.21.

Athira Pharma (NASDAQ:LONAGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($1.73) earnings per share (EPS) for the quarter. Sell-side analysts predict that Athira Pharma will post -3.12 earnings per share for the current year.

Institutional Trading of Athira Pharma

Several hedge funds have recently added to or reduced their stakes in LONA. Seven Fleet Capital Management LP acquired a new position in Athira Pharma during the 4th quarter worth $969,000. Perceptive Advisors LLC increased its holdings in shares of Athira Pharma by 244.1% during the fourth quarter. Perceptive Advisors LLC now owns 1,859,322 shares of the company’s stock valued at $14,075,000 after purchasing an additional 1,319,026 shares during the period. Millennium Management LLC acquired a new position in shares of Athira Pharma during the fourth quarter valued at $2,456,000. Commodore Capital LP bought a new stake in shares of Athira Pharma during the fourth quarter valued at about $3,515,000. Finally, ADAR1 Capital Management LLC bought a new stake in shares of Athira Pharma during the fourth quarter valued at about $2,891,000. Institutional investors own 57.12% of the company’s stock.

Athira Pharma Company Profile

(Get Free Report)

Athira Pharma, Inc is a clinical‐stage biopharmaceutical company headquartered in Seattle, Washington, that is dedicated to developing therapies aimed at restoring neuronal health and slowing the progression of neurodegenerative diseases. Founded in 2011, Athira’s research focuses on the Hepatocyte Growth Factor (HGF)/MET pathway as a novel mechanism to promote neuronal repair, synaptic function and overall cognitive performance. The company’s overarching goal is to offer disease‐modifying treatments for conditions such as Alzheimer’s disease, Parkinson’s disease, Huntington’s disease and amyotrophic lateral sclerosis (ALS).

The centerpiece of Athira’s pipeline is fosgonimeton (ATH‐1017), a small‐molecule positive modulator of the HGF/MET system.

Recommended Stories

Analyst Recommendations for Athira Pharma (NASDAQ:LONA)

Receive News & Ratings for Athira Pharma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Athira Pharma and related companies with MarketBeat.com's FREE daily email newsletter.