ObsEva SA’s (OBSV) Buy Rating Reiterated at HC Wainwright
Other equities research analysts also recently issued reports about the company. Leerink Swann reaffirmed an outperform rating and issued a $18.00 price target on shares of ObsEva SA in a research report on Wednesday, August 16th. Zacks Investment Research raised ObsEva SA from a sell rating to a hold rating in a research report on Wednesday, July 19th. Finally, Royal Bank Of Canada began coverage on ObsEva SA in a research report on Thursday, September 14th. They issued an outperform rating and a $22.00 price target on the stock. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. The company presently has an average rating of Buy and an average target price of $23.00.
Shares of ObsEva SA (NASDAQ OBSV) traded up 0.81% on Wednesday, reaching $8.69. The company had a trading volume of 254 shares. The firm’s market capitalization is $257.49 million. The company has a 50-day moving average price of $7.73 and a 200-day moving average price of $7.73. ObsEva SA has a 52-week low of $6.77 and a 52-week high of $14.18.
ObsEva SA (NASDAQ:OBSV) last issued its quarterly earnings results on Tuesday, August 15th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.48) by ($0.13). During the same quarter in the prior year, the business earned ($0.30) earnings per share. Equities research analysts forecast that ObsEva SA will post ($2.38) EPS for the current fiscal year.
Large investors have recently modified their holdings of the company. Baker Avenue Asset Management LP acquired a new stake in shares of ObsEva SA in the first quarter valued at about $104,000. Paloma Partners Management Co acquired a new stake in shares of ObsEva SA in the first quarter valued at about $131,000. Iguana Healthcare Management LLC acquired a new stake in shares of ObsEva SA in the first quarter valued at about $260,000. Spark Investment Management LLC acquired a new stake in shares of ObsEva SA in the first quarter valued at about $518,000. Finally, Nexthera Capital LP acquired a new stake in shares of ObsEva SA in the first quarter valued at about $521,000. 48.46% of the stock is currently owned by institutional investors.
ObsEva SA Company Profile
Obseva SA is a Switzerland-based company active in the pharmaceutical and medical research sector. The Company develops oral compounds to treat women’s reproductive health conditions from conception to birth. Its pipeline includes three product candidates: OBE2109 is an oral gonadotropin-releasing hormone (GnRH) receptor antagonist that binds to and blocks the endogenous GnRH from activating its pituitary receptors, which reduces estrogen production by the ovaries and leads to amenorrhea.
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