Zacks: Kiniksa Pharmaceuticals Ltd (KNSA) Given Average Rating of “Strong Buy” by Analysts

Kiniksa Pharmaceuticals Ltd (NASDAQ:KNSA) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the three brokers that cover the stock, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy recommendation.

Brokers have set a one year consensus target price of $35.67 for the company and are predicting that the company will post ($0.74) EPS for the current quarter, according to Zacks. Zacks has also assigned Kiniksa Pharmaceuticals an industry rank of 58 out of 256 based on the ratings given to related companies.

A number of research analysts have issued reports on KNSA shares. Zacks Investment Research cut Kiniksa Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Thursday. Wedbush reiterated an “outperform” rating and issued a $33.00 price objective (up from $31.00) on shares of Kiniksa Pharmaceuticals in a research report on Wednesday, December 12th. Finally, JMP Securities boosted their target price on Kiniksa Pharmaceuticals from $33.00 to $44.00 and gave the company an “outperform” rating in a research note on Monday, September 17th.

Institutional investors have recently bought and sold shares of the company. Laurion Capital Management LP acquired a new stake in Kiniksa Pharmaceuticals in the second quarter valued at $1,928,000. Nexthera Capital LP bought a new position in shares of Kiniksa Pharmaceuticals during the 2nd quarter valued at about $680,000. Hillhouse Capital Management Ltd. bought a new position in shares of Kiniksa Pharmaceuticals during the 2nd quarter valued at about $99,529,000. Vivo Capital LLC boosted its position in shares of Kiniksa Pharmaceuticals by 42.4% during the 3rd quarter. Vivo Capital LLC now owns 264,878 shares of the company’s stock valued at $6,754,000 after purchasing an additional 78,805 shares in the last quarter. Finally, American International Group Inc. bought a new position in shares of Kiniksa Pharmaceuticals during the 3rd quarter valued at about $110,000. 37.94% of the stock is owned by institutional investors and hedge funds.

KNSA stock traded down $0.41 during midday trading on Wednesday, hitting $21.75. The company’s stock had a trading volume of 5,004 shares, compared to its average volume of 90,775. Kiniksa Pharmaceuticals has a 52-week low of $13.04 and a 52-week high of $32.88.

Kiniksa Pharmaceuticals (NASDAQ:KNSA) last announced its quarterly earnings data on Thursday, November 1st. The company reported ($0.51) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.54) by $0.03. As a group, equities analysts forecast that Kiniksa Pharmaceuticals will post -2.63 EPS for the current fiscal year.

About Kiniksa Pharmaceuticals

Kiniksa Pharmaceuticals, Ltd., a clinical-stage biopharmaceutical company, focuses on the discovering, acquiring, developing, and commercializing therapeutic medicines for patients suffering from debilitating diseases with significant unmet medical need worldwide. Its clinical-stage product candidates include Rilonacept, which is in Phase II clinical trials for the treatment of recurrent pericarditis, a debilitating inflammatory cardiovascular disease; Mavrilimumab, a monoclonal antibody for the treatment of giant cell arteritis; and KPL-716, a monoclonal antibody, which is in Phase 1a/1b clinical trial for the treatment of prurigo nodularis and atopic dermatitis.

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