Redhill Biopharma’s (RDHL) “Buy” Rating Reiterated at HC Wainwright
HC Wainwright reiterated their buy rating on shares of Redhill Biopharma Ltd. (NASDAQ:RDHL) in a research note released on Tuesday morning. HC Wainwright currently has a $36.00 price objective on the biotechnology company’s stock.
A number of other equities research analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of Redhill Biopharma from a hold rating to a buy rating and set a $5.50 price target for the company in a research report on Friday, November 17th. Roth Capital dropped their price target on shares of Redhill Biopharma from $27.00 to $20.00 and set a buy rating for the company in a research report on Tuesday, November 14th. Seaport Global Securities assumed coverage on shares of Redhill Biopharma in a research report on Friday, October 6th. They set a buy rating and a $19.00 price target for the company. Finally, UBS AG assumed coverage on shares of Redhill Biopharma in a report on Wednesday, September 13th. They issued a reduce rating for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $21.10.
Shares of Redhill Biopharma (NASDAQ:RDHL) opened at $5.09 on Tuesday. Redhill Biopharma has a 12-month low of $4.82 and a 12-month high of $12.09.
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Several hedge funds have recently made changes to their positions in RDHL. Renaissance Technologies LLC grew its holdings in shares of Redhill Biopharma by 144.1% in the first quarter. Renaissance Technologies LLC now owns 62,000 shares of the biotechnology company’s stock valued at $595,000 after purchasing an additional 36,600 shares in the last quarter. Family Management Corp grew its holdings in shares of Redhill Biopharma by 46.6% in the third quarter. Family Management Corp now owns 37,750 shares of the biotechnology company’s stock valued at $408,000 after purchasing an additional 12,000 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Redhill Biopharma in the first quarter valued at approximately $101,000. D.A. Davidson & CO. grew its holdings in shares of Redhill Biopharma by 10.0% in the second quarter. D.A. Davidson & CO. now owns 44,000 shares of the biotechnology company’s stock valued at $379,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of Redhill Biopharma by 10.8% in the second quarter. Oppenheimer & Co. Inc. now owns 25,569 shares of the biotechnology company’s stock valued at $220,000 after purchasing an additional 2,500 shares in the last quarter. Hedge funds and other institutional investors own 10.63% of the company’s stock.
Redhill Biopharma Company Profile
Redhill Biopharma Ltd, is an Israel-based specialty biopharmaceutical company. The Company focuses on the development and commercialization of late clinical-stage, proprietary, orally-administered, small molecule drugs for the treatment of gastrointestinal and inflammatory diseases and cancer. It offers the following gastrointestinal products in the United States: Donnatal, a prescription oral adjunctive drug used in the treatment of Irritable Bowel Syndrome (IBS) and acute enterocolitis, as well as EnteraGam, a medical food intended for the dietary management, under medical supervision, of chronic diarrhea and loose stools.
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