Shares of Akero Therapeutics (NASDAQ:AKRO) have been given an average recommendation of “Buy” by the nine research firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $54.40.
Several analysts have recently weighed in on AKRO shares. Canaccord Genuity upped their price objective on Akero Therapeutics from $36.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Chardan Capital reaffirmed a “buy” rating on shares of Akero Therapeutics in a report on Thursday, August 13th. Morgan Stanley initiated coverage on Akero Therapeutics in a report on Thursday, September 10th. They set an “overweight” rating and a $70.00 target price for the company. Jefferies Financial Group upped their target price on Akero Therapeutics from $31.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Finally, BidaskClub raised Akero Therapeutics from a “hold” rating to a “buy” rating in a report on Saturday, September 12th.
In other Akero Therapeutics news, major shareholder Global Strategic Fund I. Venbio sold 4,603 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $33.83, for a total value of $155,719.49. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Apple Tree Partners Iv, L.P. bought 415,000 shares of the company’s stock in a transaction on Friday, July 10th. The stock was purchased at an average cost of $36.00 per share, for a total transaction of $14,940,000.00. The disclosure for this purchase can be found here. 7.09% of the stock is currently owned by insiders.
Shares of Akero Therapeutics stock opened at $32.64 on Friday. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of -15.54 and a beta of 0.46. The business has a fifty day simple moving average of $34.45 and a 200-day simple moving average of $27.42. Akero Therapeutics has a fifty-two week low of $10.78 and a fifty-two week high of $41.16.
Akero Therapeutics (NASDAQ:AKRO) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.57) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.66) by $0.09. As a group, equities research analysts expect that Akero Therapeutics will post -2.51 EPS for the current year.
About Akero Therapeutics
Akero Therapeutics, Inc, a clinical-stage biotechnology company, engages in the development and commercialization of transformative treatments for serious metabolic diseases with high unmet medical need. Its lead product candidate is AKR-001, which completed Phase Ib clinical trial for the treatment of non-alcoholic steatohepatitis disease.
Featured Article: Compound Interest and Why It Matters When Investing
Receive News & Ratings for Akero Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akero Therapeutics and related companies with MarketBeat.com's FREE daily email newsletter.