9 Meters Biopharma (NMTR) Receives a Buy from Oppenheimer

In a report released today, Kevin DeGeeter from Oppenheimer assigned a Buy rating to 9 Meters Biopharma (NMTRResearch Report), with a price target of $5.50. The company’s shares closed last Monday at $1.07.

According to TipRanks.com, DeGeeter is a 5-star analyst with an average return of 38.5% and a 45.5% success rate. DeGeeter covers the Healthcare sector, focusing on stocks such as Cyclacel Pharmaceuticals, Sensei Biotherapeutics, and Cellectar Biosciences.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for 9 Meters Biopharma with a $4.13 average price target, a 282.4% upside from current levels. In a report issued on July 8, BMO Capital also assigned a Buy rating to the stock with a $5.00 price target.

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Based on 9 Meters Biopharma’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $5.43 million. In comparison, last year the company had a GAAP net loss of $3.6 million.

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is neutral on the stock.

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