Evoke Pharma Inc (EVOK) Receives $8.20 Consensus Price Target from Analysts
Evoke Pharma Inc (NASDAQ:EVOK) has received a consensus rating of “Hold” from the ten ratings firms that are currently covering the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $8.20.
A number of brokerages have recently commented on EVOK. Ascendiant Capital Markets lifted their price target on shares of Evoke Pharma from $5.00 to $6.00 and gave the stock an “in-line” rating in a report on Thursday, March 16th. Rodman & Renshaw reiterated a “buy” rating and set a $9.00 price target (up from $6.00) on shares of Evoke Pharma in a report on Thursday, March 16th. HC Wainwright set a $9.00 price target on shares of Evoke Pharma and gave the stock a “buy” rating in a report on Thursday, March 16th. Zacks Investment Research downgraded shares of Evoke Pharma from a “hold” rating to a “sell” rating in a report on Monday, March 20th. Finally, FBR & Co reiterated a “positive” rating and set a $9.00 price target on shares of Evoke Pharma in a report on Tuesday, January 31st.
Evoke Pharma (NASDAQ:EVOK) traded down 3.00% during mid-day trading on Monday, hitting $2.59. 280,653 shares of the stock were exchanged. The company has a 50-day moving average price of $3.03 and a 200-day moving average price of $2.37. The company’s market cap is $31.87 million. Evoke Pharma has a one year low of $1.35 and a one year high of $11.11.
Evoke Pharma (NASDAQ:EVOK) last issued its quarterly earnings results on Wednesday, March 15th. The specialty pharmaceutical company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.07. During the same quarter in the previous year, the company earned ($0.37) EPS. Analysts forecast that Evoke Pharma will post ($0.67) earnings per share for the current fiscal year.
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In related news, Director Kenneth J. Widder bought 450,000 shares of the stock in a transaction that occurred on Wednesday, February 22nd. The stock was purchased at an average cost of $2.90 per share, for a total transaction of $1,305,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 30.50% of the stock is currently owned by insiders.
Evoke Pharma Company Profile
Evoke Pharma, Inc is a specialty pharmaceutical company. The Company is focused primarily on the development of drugs to treat gastrointestinal (GI) disorders and diseases. The Company is developing EVK-001, a metoclopramide nasal spray for the relief of symptoms associated with acute and recurrent diabetic gastroparesis in women.
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