Apollo Endosurgery, Inc. (APEN) Receives “Buy” Rating from Northland Securities

Northland Securities reissued their buy rating on shares of Apollo Endosurgery, Inc. (NASDAQ:APEN) in a report issued on Friday morning.

“We maintain our constructive stance on the name, however are tweaking our FY18 #’s down to reflect any Orbera impacts.”,” Northland Securities’ analyst commented.

A number of other research firms have also recently weighed in on APEN. ValuEngine cut Apollo Endosurgery from a sell rating to a strong sell rating in a research report on Thursday, August 3rd. Craig Hallum started coverage on Apollo Endosurgery in a research report on Monday, July 24th. They issued a buy rating and a $11.00 price objective for the company. Finally, Roth Capital started coverage on Apollo Endosurgery in a research report on Wednesday, August 2nd. They issued a buy rating and a $10.00 price objective for the company.

Shares of Apollo Endosurgery (NASDAQ APEN) traded down 3.47% on Friday, hitting $4.13. The stock had a trading volume of 82,365 shares. The company’s market cap is $71.25 million. Apollo Endosurgery has a 12 month low of $2.00 and a 12 month high of $21.88. The company’s 50 day moving average price is $4.69 and its 200-day moving average price is $6.19.

Apollo Endosurgery (NASDAQ:APEN) last posted its quarterly earnings data on Tuesday, August 1st. The biotechnology company reported ($0.64) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.24) by ($0.40). The business had revenue of $17.14 million during the quarter. Apollo Endosurgery had a negative return on equity of 113.42% and a negative net margin of 62.31%. On average, analysts expect that Apollo Endosurgery will post ($2.07) earnings per share for the current year.

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About Apollo Endosurgery

Apollo Endosurgery, Inc, formerly Lpath, Inc, is a medical device company. The Company is focused on less invasive therapies for the treatment of obesity, as well as other gastrointestinal disorders. The Company’s device-based therapies are an alternative to invasive surgical procedures. The Company offers products in over 80 countries.

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