Wedbush Securities Inc. Purchases New Position in VERONA PHARMA P/S (VRNA)
Wedbush Securities Inc. purchased a new stake in VERONA PHARMA P/S (NASDAQ:VRNA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 14,130 shares of the company’s stock, valued at approximately $127,000. Wedbush Securities Inc. owned 0.11% of VERONA PHARMA P/S at the end of the most recent quarter.
Separately, Foresite Capital Management IV LLC acquired a new position in shares of VERONA PHARMA P/S during the third quarter valued at approximately $104,000. Institutional investors and hedge funds own 56.33% of the company’s stock.
A number of research analysts recently commented on VRNA shares. Wedbush reiterated a “buy” rating on shares of VERONA PHARMA P/S in a research note on Monday, January 14th. Zacks Investment Research upgraded shares of VERONA PHARMA P/S from a “hold” rating to a “strong-buy” rating and set a $14.00 price target on the stock in a research report on Saturday, November 10th. Finally, ValuEngine upgraded shares of VERONA PHARMA P/S from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. VERONA PHARMA P/S presently has a consensus rating of “Buy” and an average price target of $31.33.
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VERONA PHARMA P/S Company Profile
Verona Pharma plc, a clinical stage biopharmaceutical company, develops and commercializes therapeutics to treat respiratory diseases. The company's product candidate is RPL554, an inhaled dual inhibitor of the enzymes phosphodiesterase 3 and 4, which has completed Phase I and IIa clinical trials that acts as a bronchodilator and an anti-inflammatory agent for the treatment of chronic obstructive pulmonary disease and cystic fibrosis.
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