Biohaven Pharmaceutical (BHVN) Stock Rating Reaffirmed by Canaccord Genuity

Biohaven Pharmaceutical (NYSE:BHVN)‘s stock had its “buy” rating reissued by Canaccord Genuity in a note issued to investors on Thursday. They presently have a $39.00 target price on the stock, up from their previous target price of $30.00. Canaccord Genuity’s price objective suggests a potential upside of 17.82% from the company’s previous close.

BHVN has been the topic of several other research reports. Zacks Investment Research lowered shares of Biohaven Pharmaceutical from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. BidaskClub lowered shares of Biohaven Pharmaceutical from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Piper Jaffray Companies set a $48.00 target price on shares of Biohaven Pharmaceutical and gave the company a “buy” rating in a report on Monday, December 11th. Finally, Needham & Company LLC restated a “buy” rating and issued a $36.00 target price on shares of Biohaven Pharmaceutical in a report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. Biohaven Pharmaceutical presently has a consensus rating of “Buy” and an average target price of $37.43.

Biohaven Pharmaceutical (BHVN) opened at $33.10 on Thursday. The stock has a market cap of $1,190.00 and a price-to-earnings ratio of -6.34. Biohaven Pharmaceutical has a fifty-two week low of $17.00 and a fifty-two week high of $39.51.

In other news, CFO James Engelhart sold 10,000 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $32.50, for a total transaction of $325,000.00. Following the transaction, the chief financial officer now owns 13,576 shares in the company, valued at $441,220. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kimberly Gentile sold 5,000 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $21.99, for a total transaction of $109,950.00. The disclosure for this sale can be found here. Insiders have sold 858,546 shares of company stock worth $24,219,162 in the last quarter.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Legal & General Group Plc acquired a new position in shares of Biohaven Pharmaceutical during the third quarter valued at about $119,000. Deutsche Bank AG raised its holdings in shares of Biohaven Pharmaceutical by 28.6% during the fourth quarter. Deutsche Bank AG now owns 23,580 shares of the company’s stock valued at $635,000 after purchasing an additional 5,248 shares during the period. Nationwide Fund Advisors acquired a new position in shares of Biohaven Pharmaceutical during the third quarter valued at about $214,000. American International Group Inc. acquired a new position in shares of Biohaven Pharmaceutical during the third quarter valued at about $251,000. Finally, State of Wisconsin Investment Board acquired a new position in shares of Biohaven Pharmaceutical during the third quarter valued at about $262,000. Hedge funds and other institutional investors own 52.82% of the company’s stock.

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About Biohaven Pharmaceutical

Biohaven Pharmaceutical Holding Company Ltd. is a United States-based biopharmaceutical company. The Company is engaged in the identification and development of clinical-stage compounds targeting orphan neurologic indications and other neurological pathways. It has a portfolio of multiple late-stage drug candidates.

Analyst Recommendations for Biohaven Pharmaceutical (NYSE:BHVN)

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