Brokerages Set Akari Therapeutics PLC (AKTX) PT at $9.00

Akari Therapeutics PLC (NASDAQ:AKTX) has received a consensus rating of “Hold” from the six analysts that are currently covering the company, reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $9.00.

AKTX has been the subject of several research reports. Zacks Investment Research upgraded shares of Akari Therapeutics from a “sell” rating to a “hold” rating and set a $5.00 price objective for the company in a research report on Monday, November 13th. B. Riley initiated coverage on shares of Akari Therapeutics in a research report on Thursday, February 8th. They issued a “neutral” rating and a $3.00 price objective for the company. Finally, ValuEngine upgraded shares of Akari Therapeutics from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 30th.

A hedge fund recently bought a new stake in Akari Therapeutics stock. AWM Investment Company Inc. acquired a new stake in Akari Therapeutics PLC (NASDAQ:AKTX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 684,000 shares of the biopharmaceutical company’s stock, valued at approximately $2,962,000. AWM Investment Company Inc. owned approximately 5.81% of Akari Therapeutics at the end of the most recent quarter. 21.05% of the stock is owned by institutional investors and hedge funds.

Akari Therapeutics (NASDAQ AKTX) traded down $0.14 on Thursday, reaching $2.41. 104,225 shares of the company’s stock traded hands, compared to its average volume of 230,661. The firm has a market cap of $38.91, a PE ratio of -0.90 and a beta of -8.61. Akari Therapeutics has a 52-week low of $2.06 and a 52-week high of $22.20.

Akari Therapeutics (NASDAQ:AKTX) last posted its quarterly earnings data on Monday, November 13th. The biopharmaceutical company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($1.00) by $0.91. equities research analysts expect that Akari Therapeutics will post -2.5 earnings per share for the current fiscal year.

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Akari Therapeutics Company Profile

Akari Therapeutics, Plc, formerly Celsus Therapeutics Plc, is a clinical-stage biopharmaceutical company. It is focused on the development and commercialization of treatments for a range of rare and orphan autoimmune and inflammatory diseases caused by dysregulation of complement component 5 (C5), including paroxysmal nocturnal hemoglobinuria, Guillain Barre syndrome and atypical Hemolytic Uremic Syndrome.

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