89bio (NASDAQ:ETNB) released its earnings results on Sunday. The company reported ($0.86) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.84) by ($0.02), MarketWatch Earnings reports.
89bio stock opened at $26.88 on Monday. The stock has a market cap of $453.04 million and a price-to-earnings ratio of -0.77. 89bio has a 1 year low of $14.00 and a 1 year high of $47.25. The firm has a 50-day moving average of $24.45 and a two-hundred day moving average of $27.89.
A number of research analysts recently weighed in on ETNB shares. Zacks Investment Research upgraded shares of 89bio from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Friday, November 6th. SVB Leerink lifted their target price on shares of 89bio from $51.00 to $56.00 and gave the company an “outperform” rating in a research note on Wednesday, November 11th. Chardan Capital lifted their price target on shares of 89bio from $59.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, September 15th. Raymond James started coverage on shares of 89bio in a report on Monday, October 19th. They issued a “strong-buy” rating and a $65.00 price target on the stock. Finally, BTIG Research lifted their price target on shares of 89bio from $51.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, September 15th. One research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. 89bio has an average rating of “Buy” and an average target price of $55.00.
89bio, Inc, a clinical-stage biopharmaceutical company, focuses on the development and commercialization of therapies for the treatment of liver and cardio-metabolic diseases. Its lead product candidate is BIO89-100, a glycoPEGylated analog of fibroblast growth factor 21 for the treatment of nonalcoholic steatohepatitis.
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