Analysts Set Nabriva Therapeutics AG (NASDAQ:NBRV) PT at $15.17

Nabriva Therapeutics AG (NASDAQ:NBRV) has received an average rating of “Buy” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $15.17.

Several brokerages have issued reports on NBRV. HC Wainwright reissued a “buy” rating and issued a $16.00 price objective on shares of Nabriva Therapeutics AG in a research note on Friday, June 30th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Nabriva Therapeutics AG in a research report on Friday, June 23rd. ValuEngine raised shares of Nabriva Therapeutics AG from a “sell” rating to a “hold” rating in a research report on Saturday, June 24th. Zacks Investment Research raised shares of Nabriva Therapeutics AG from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Saturday, May 27th. Finally, Wedbush reaffirmed an “outperform” rating and set a $13.00 target price on shares of Nabriva Therapeutics AG in a research report on Monday, May 15th.

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In related news, major shareholder Hbm Healthcare Investments (Ca sold 2,695 shares of Nabriva Therapeutics AG stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $10.52, for a total transaction of $28,351.40. Following the transaction, the insider now directly owns 2,569,315 shares of the company’s stock, valued at $27,029,193.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director George Harrison Talbot sold 325 shares of Nabriva Therapeutics AG stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $100.56, for a total transaction of $32,682.00. Following the transaction, the director now directly owns 3,854 shares in the company, valued at $387,558.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 102,434 shares of company stock worth $1,220,025.

A number of institutional investors have recently modified their holdings of NBRV. Renaissance Technologies LLC acquired a new position in shares of Nabriva Therapeutics AG during the fourth quarter valued at about $103,000. Nationwide Fund Advisors acquired a new position in shares of Nabriva Therapeutics AG during the first quarter valued at about $2,074,000. Wellington Management Group LLP raised its position in shares of Nabriva Therapeutics AG by 9.9% in the first quarter. Wellington Management Group LLP now owns 2,154,261 shares of the biotechnology company’s stock valued at $25,830,000 after buying an additional 193,951 shares during the last quarter. Finally, Almanack Investment Partners LLC. acquired a new position in shares of Nabriva Therapeutics AG during the first quarter valued at about $1,870,000. 55.90% of the stock is currently owned by institutional investors.

Shares of Nabriva Therapeutics AG (NBRV) traded up 1.90% on Friday, reaching $10.70. The company had a trading volume of 913 shares. The firm’s market capitalization is $29.11 million. The stock’s 50 day moving average is $9.87 and its 200 day moving average is $9.52. Nabriva Therapeutics AG has a 52 week low of $3.52 and a 52 week high of $12.75.

About Nabriva Therapeutics AG

Nabriva Therapeutics AG is an Austria-based clinical-stage biopharmaceutical company engaged in the research and development of antibiotics to treat infections. Its lead product candidate, lefamulin, is a pleuromutilin antibiotic for systemic administration in humans. The Company develops both intravenous (IV) and oral formulations of lefamulin for the treatment of community-acquired bacterial pneumonia (CABP).

Analyst Recommendations for Nabriva Therapeutics AG (NASDAQ:NBRV)

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