Equities Analysts Issue Forecasts for Nightstar Therapeutics’ Q2 2018 Earnings (NITE)

Nightstar Therapeutics (NASDAQ:NITE) – Research analysts at Leerink Swann issued their Q2 2018 earnings per share (EPS) estimates for shares of Nightstar Therapeutics in a report issued on Wednesday, April 11th. Leerink Swann analyst J. Schwartz expects that the company will earn ($0.77) per share for the quarter. Leerink Swann also issued estimates for Nightstar Therapeutics’ Q4 2018 earnings at ($0.88) EPS, FY2018 earnings at ($1.66) EPS and FY2019 earnings at ($1.75) EPS.

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Other equities analysts have also recently issued reports about the company. Chardan Capital started coverage on Nightstar Therapeutics in a research report on Wednesday, January 3rd. They issued a “buy” rating and a $40.00 price target for the company. Mizuho started coverage on Nightstar Therapeutics in a research report on Tuesday, February 27th. They issued a “buy” rating and a $20.00 price target for the company. Wedbush reiterated an “outperform” rating and issued a $31.00 price target on shares of Nightstar Therapeutics in a research report on Wednesday, March 7th. Finally, Zacks Investment Research cut Nightstar Therapeutics from a “hold” rating to a “sell” rating in a research report on Saturday, April 7th. One analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $28.50.

Shares of NASDAQ NITE opened at $14.55 on Monday. The firm has a market capitalization of $410.26 and a PE ratio of -8.93. Nightstar Therapeutics has a fifty-two week low of $10.01 and a fifty-two week high of $24.93.

Several hedge funds and other institutional investors have recently made changes to their positions in NITE. Nationwide Fund Advisors purchased a new position in shares of Nightstar Therapeutics in the third quarter valued at $1,196,000. Essex Investment Management Co. LLC purchased a new position in shares of Nightstar Therapeutics in the fourth quarter valued at $1,771,000. Finally, Ameriprise Financial Inc. purchased a new position in shares of Nightstar Therapeutics in the third quarter valued at $5,761,000. Institutional investors own 29.06% of the company’s stock.

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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.

Earnings History and Estimates for Nightstar Therapeutics (NASDAQ:NITE)

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