After Oppenheimer and H.C. Wainwright gave Agile Therapeutics (NASDAQ: AGRX) a Buy rating last month, the company received another Buy, this time from Maxim Group. Analyst Jason McCarthy maintained a Buy rating on Agile Therapeutics today and set a price target of $8.00. The company’s shares closed last Monday at $1.61.
According to TipRanks.com, McCarthy has 0 stars on 0-5 star ranking scale with an average return of -24.9% and a 20.1% success rate. McCarthy covers the Healthcare sector, focusing on stocks such as SELLAS Life Sciences Group, Hancock Jaffe Laboratories, and Actinium Pharmaceuticals.
Agile Therapeutics has an analyst consensus of Strong Buy, with a price target consensus of $8.00, which is a 384.8% upside from current levels. In a report released today, H.C. Wainwright also reiterated a Buy rating on the stock with a $6.00 price target.
The company has a one-year high of $4.77 and a one-year low of $0.35. Currently, Agile Therapeutics has an average volume of 4.02M.
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AGRX in relation to earlier this year. Last month, Alfred Altomari, the CEO of AGRX bought 16,541 shares for a total of $11,744.
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Agile Therapeutics, Inc. is a healthcare company, which engages in the development and commercialization of transdermal patch. Its lead product candidate, Twirla, also known as AG200-15, is an investigational low-dose, non-daily prescription contraceptive. The company was founded by Chien Te Yen on December 22, 1997 and is headquartered in Princeton, NJ.