Atossa Genetics (ATOS) Receives a Buy from Maxim Group

Maxim Group analyst Jason McCarthy assigned a Buy rating to Atossa Genetics (ATOSResearch Report) today and set a price target of $4.00. The company’s shares closed last Friday at $2.31.

According to TipRanks.com, McCarthy is a 5-star analyst with an average return of 11.0% and a 45.1% success rate. McCarthy covers the Healthcare sector, focusing on stocks such as Brainstorm Cell Therapeutics, Interpace Diagnostics Group, and SELLAS Life Sciences Group.

Atossa Genetics has an analyst consensus of Moderate Buy, with a price target consensus of $4.00.

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Based on Atossa Genetics’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $2.95 million. In comparison, last year the company had a GAAP net loss of $4.07 million.

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Atossa Therapeutics, Inc. operates as a clinical-stage pharmaceutical company, which focuses on the development of novel therapeutics and delivery methods for the treatment of breast cancer and other breast conditions. It offers ForeCYTE and ArgusCYTE diagnostic tests. The ForeCYTE Breast Health Test provides personalized information about the 10-year and lifetime risk of breast cancer for women between ages 18 and 65. The ArgusCYTE Breast Health Test offers information to help inform breast cancer treatment options and to help monitor potential recurrence. The company was founded by Steven C. Quay and Shu Chih Chen in December 2008 and is headquartered in Seattle, WA.