In a report released today, Ed Arce from H.C. Wainwright maintained a Buy rating on Akero Therapeutics (AKRO – Research Report), with a price target of $64.00. The company’s shares closed last Wednesday at $30.00.
According to TipRanks.com, Arce is a 5-star analyst with an average return of 17.1% and a 45.3% success rate. Arce covers the Healthcare sector, focusing on stocks such as Aurinia Pharmaceuticals, Paratek Pharmaceuticals, and Mirum Pharmaceuticals.
Akero Therapeutics has an analyst consensus of Moderate Buy, with a price target consensus of $64.00.
Based on Akero Therapeutics’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $21.4 million. In comparison, last year the company had a GAAP net loss of $15.55 million.
Based on the recent corporate insider activity of 17 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 AKRO in relation to earlier this year.
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Akero Therapeutics, Inc. operates as a biotechnology company. The firm specializes in transformational treatments for non-alcoholic steatohepatitis (NASH) and other serious metabolic diseases. The company was founded by Jonathan Young and Timothy Rolph on January 24, 2017 and is headquartered in South San Francisco, CA.