Mustang Bio (MBIO) Receives a Buy from B.Riley Financial

In a report released today, Mayank Mamtani from B.Riley Financial maintained a Buy rating on Mustang Bio (MBIOResearch Report), with a price target of $13.00. The company’s shares closed last Friday at $3.80.

According to TipRanks.com, Mamtani is a 5-star analyst with an average return of 28.9% and a 58.0% success rate. Mamtani covers the Healthcare sector, focusing on stocks such as Arrowhead Pharmaceuticals, Spectrum Pharmaceuticals, and Frequency Therapeutics.

Mustang Bio has an analyst consensus of Strong Buy, with a price target consensus of $10.50.

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The company has a one-year high of $5.22 and a one-year low of $2.42. Currently, Mustang Bio has an average volume of 1.91M.

Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is neutral on the stock.

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Mustang Bio, Inc. is a clinical-stage biopharmaceutical company that focuses on the development and commercialization of a broad range of proprietary chimeric antigen receptor engineered T cell (CAR T) immunotherapies and gene therapies. It develops CAR T and CRISPR/Cas9-enhanced CAR T therapies across multiple cancers, as well as lentiviral gene therapy for XSCID. The firm’s products include MB-101 IL13Ra2-specific CAR, MB-102 CD123 CAR, MB-103 HER2 CAR, MB-104 CS1 CAR, MB-105 PSCA CAR, MB-106 CD20 CAR, MB-107 XSCID Gene Therapy and Oncolytic Virus (C134). The company was founded on March 13, 2015 and is headquartered in New York, NY.