Nightstar Therapeutics (NITE) Rating Reiterated by Wedbush

Nightstar Therapeutics (NASDAQ:NITE)‘s stock had its “outperform” rating restated by equities researchers at Wedbush in a report released on Thursday. They currently have a $31.00 price objective on the stock. Wedbush’s target price points to a potential upside of 164.96% from the company’s current price. Wedbush also issued estimates for Nightstar Therapeutics’ FY2022 earnings at $0.83 EPS.

A number of other analysts have also recently commented on the stock. Mizuho reissued a “buy” rating and set a $20.00 target price on shares of Nightstar Therapeutics in a research note on Thursday. Chardan Capital assumed coverage on shares of Nightstar Therapeutics in a research note on Wednesday, January 3rd. They set a “buy” rating and a $40.00 target price for the company. Six investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus price target of $28.50.

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NITE stock opened at $11.70 on Thursday. The stock has a market cap of $346.47 and a PE ratio of -7.18. Nightstar Therapeutics has a 52 week low of $10.01 and a 52 week high of $24.93.

A number of hedge funds and other institutional investors have recently made changes to their positions in NITE. Ameriprise Financial Inc. purchased a new stake in Nightstar Therapeutics during the 3rd quarter valued at about $5,761,000. Essex Investment Management Co. LLC purchased a new stake in Nightstar Therapeutics during the 4th quarter valued at about $1,771,000. Alyeska Investment Group L.P. purchased a new stake in Nightstar Therapeutics during the 3rd quarter valued at about $1,920,000. Nationwide Fund Advisors purchased a new stake in Nightstar Therapeutics during the 3rd quarter valued at about $1,196,000. Finally, Citadel Advisors LLC purchased a new stake in Nightstar Therapeutics during the 3rd quarter valued at about $240,000. 29.06% of the stock is owned by institutional investors.

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Nightstar Therapeutics Company Profile

Nightstar Therapeutics plc, a clinical-stage gene therapy company, focuses on developing and commercializing novel one-time treatments for patients suffering from rare inherited retinal diseases in the United Kingdom. The company's lead product candidate includes NSR-REP1, a candidate that has completed Phase 1/2 clinical trial for the treatment of patients with choroideremia.

Analyst Recommendations for Nightstar Therapeutics (NASDAQ:NITE)

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