Brokerages Set Spero Therapeutics Inc (SPRO) PT at $28.00

Spero Therapeutics Inc (NASDAQ:SPRO) has been given a consensus recommendation of “Hold” by the six research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $28.00.

Several equities research analysts have recently issued reports on the company. Bank of America assumed coverage on Spero Therapeutics in a research note on Monday, November 27th. They issued a “neutral” rating for the company. Stifel Nicolaus assumed coverage on Spero Therapeutics in a research note on Monday, November 27th. They issued a “buy” rating and a $26.00 price objective for the company. Cowen assumed coverage on Spero Therapeutics in a research note on Monday, November 27th. They issued an “outperform” rating for the company. Oppenheimer assumed coverage on Spero Therapeutics in a research note on Monday, November 27th. They issued a “buy” rating and a $30.00 price objective for the company. Finally, ValuEngine raised Spero Therapeutics from a “strong sell” rating to a “sell” rating in a research note on Friday.

Spero Therapeutics (SPRO) traded down $0.19 during midday trading on Friday, reaching $11.90. The company’s stock had a trading volume of 7,233 shares, compared to its average volume of 28,314. The stock has a market cap of $172.43 and a PE ratio of -4.21. Spero Therapeutics has a fifty-two week low of $9.84 and a fifty-two week high of $15.40.

Spero Therapeutics (NASDAQ:SPRO) last released its quarterly earnings results on Thursday, December 14th. The company reported ($36.02) earnings per share for the quarter, missing the consensus estimate of ($2.43) by ($33.59). The business had revenue of $0.60 million during the quarter, compared to analyst estimates of $0.20 million. equities analysts forecast that Spero Therapeutics will post -8.52 EPS for the current fiscal year.

An institutional investor recently bought a new position in Spero Therapeutics stock. Dean Capital Investments Management LLC acquired a new stake in Spero Therapeutics Inc (NASDAQ:SPRO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,039 shares of the company’s stock, valued at approximately $118,000. Dean Capital Investments Management LLC owned about 0.07% of Spero Therapeutics at the end of the most recent reporting period. Institutional investors and hedge funds own 0.01% of the company’s stock.

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Spero Therapeutics Company Profile

Spero Therapeutics, Inc is a clinical-stage biopharmaceutical company. The Company is focused on identifying, developing and commercializing novel treatments for MDR bacterial infections. The Company is developing a portfolio of novel product candidates, including SPR994, Potentiator Platform (SPR741 and SPR206), and SPR720.

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