Beyondspring (NASDAQ:BYSI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday, January 9th.
According to Zacks, “BeyondSpring Inc. is a clinical stage biopharmaceutical company. It focused on the development of cancer therapies. The Company’s lead product consists of into a Phase 3 clinical trial as a direct anticancer agent in non-small cell lung cancer and a Phase 2/3 clinical trial in the prevention of chemotherapy-induced Neutropenia. BeyondSpring Inc. is based in New York, United States. “
A number of other research firms have also weighed in on BYSI. Maxim Group reissued a “buy” rating and issued a $52.00 target price on shares of Beyondspring in a research note on Friday, October 27th. HC Wainwright set a $60.00 target price on Beyondspring and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Seaport Global Securities began coverage on Beyondspring in a research note on Tuesday, December 5th. They issued a “buy” rating and a $56.00 target price for the company. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Beyondspring presently has an average rating of “Buy” and a consensus target price of $54.50.
Shares of Beyondspring (NASDAQ:BYSI) opened at $26.92 on Tuesday. Beyondspring has a 52 week low of $16.55 and a 52 week high of $48.49.
Beyondspring (NASDAQ:BYSI) last issued its quarterly earnings results on Thursday, November 9th. The company reported ($0.68) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.69) by $0.01. sell-side analysts anticipate that Beyondspring will post -4.41 EPS for the current year.
An institutional investor recently bought a new position in Beyondspring stock. Tanaka Capital Management Inc. purchased a new stake in shares of Beyondspring Inc (NASDAQ:BYSI) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 21,322 shares of the company’s stock, valued at approximately $914,000. Beyondspring comprises approximately 2.1% of Tanaka Capital Management Inc.’s investment portfolio, making the stock its 16th largest holding. Tanaka Capital Management Inc. owned 0.10% of Beyondspring at the end of the most recent reporting period. 1.22% of the stock is owned by hedge funds and other institutional investors.
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Beyondspring Company Profile
BeyondSpring Inc is a global clinical-stage biopharmaceutical company. The Company is focused on the development of cancer therapies. The Company is engaged in advancing its lead product, Plinabulin, into a Phase II/III clinical trial for the reduction of docetaxel chemotherapy-induced severe, grade 4 neutropenia; a Phase II/III clinical trial for the prevention of non-docetaxel chemotherapy-induced severe, grade 4 neutropenia, and a Phase III clinical trial as an anticancer agent in combination with docetaxel in advanced non-small cell lung cancer (NSCLC).
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