SWVRC Fianance, Loans & Debt

Main Menu

  • Home
  • Coefficient of Variation
  • Temporal
  • Nasdaq
  • MSCIWI
  • Debt

SWVRC Fianance, Loans & Debt

Header Banner

SWVRC Fianance, Loans & Debt

  • Home
  • Coefficient of Variation
  • Temporal
  • Nasdaq
  • MSCIWI
  • Debt
Nasdaq
Home›Nasdaq›Spruce Biosciences, Inc. (NASDAQ: SPRB) Given the average “Buy” rating by brokerage firms

Spruce Biosciences, Inc. (NASDAQ: SPRB) Given the average “Buy” rating by brokerage firms

By Maureen Bellinger
December 10, 2021
0
0


[ad_1]

Spruce Biosciences, Inc. (NASDAQ: SPRB) has received a consensus rating of “Buy” by the six brokerages that cover the company, reports MarketBeat. Two equity research analysts rated the stock with a conservation rating and four gave the company a buy rating. The twelve-month average target price among analysts who issued ratings on the stock in the past year is $ 8.10.

A number of research analysts weighed in on the title. SVB Leerink downgraded Spruce Biosciences shares from an “outperformance” rating to a “market performance” rating and cut its target price for the stock from $ 35 to $ 5 in a research report released on Tuesday November 16. HC Wainwright reduced its target price on Spruce Biosciences shares from $ 30.00 to $ 20.00 and established a “buy” rating for the company in a research report released on Tuesday, November 16. Credit Suisse Group lowered its target price on Spruce Biosciences shares from $ 26.00 to $ 6.00 and established an “outperformance” rating for the company in a research report released on Tuesday, November 16. Benchmark assumed coverage of Spruce Biosciences shares in a report released Friday. They set a “speculative buy” rating and a price target of $ 7.00 on the stock. Finally, Zacks Investment Research upgraded Spruce Biosciences shares from a “hold” rating to a “buy” rating and set a target price of $ 2.50 on the stock in a report released Tuesday.

Several large investors have recently bought and sold shares of SPRB. Sands Capital Ventures LLC purchased a new position in shares of Spruce Biosciences during the 3rd quarter valued at approximately $ 4,730,000. Vanguard Group Inc. increased its stake in Spruce Biosciences by 96.0% in the second quarter. Vanguard Group Inc. now owns 369,520 shares of the company valued at $ 4,142,000 after acquiring an additional 181,003 shares during the period. Deerfield Management Company LP Series C increased its position in Spruce Biosciences by 7.5% in the third quarter. Deerfield Management Company LP Series C now owns 2,200,000 shares of the company valued at $ 13,222,000 after purchasing an additional 153,042 shares during the last quarter. Caas Capital Management LP purchased a new position in Spruce Biosciences during the second quarter valued at approximately $ 1,036,000. Finally, Morgan Stanley raised its stake in Spruce Biosciences by 257.5% during the second quarter. Morgan Stanley now owns 122,590 shares of the company valued at $ 1,375,000 after purchasing an additional 88,298 shares during the period. Institutional investors hold 93.65% of the shares of the company.

(A d)

Knightscope, Inc., a developer of advanced physical security technologies focused on improving security operations in the United States, has begun offering up to $ 40 million in Class A common stock, with the shares to be listed immediately after the close of NASDAQ under the ticker symbol “KSCP.”

Spruce Biosciences stock opened at $ 2.56 on Friday. The company has a market cap of $ 60.07 million, a price / earnings ratio of -1.42 and a beta of 2.90. The company has a debt to equity ratio of 0.04, a current ratio of 10.37, and a rapid ratio of 10.37. Spruce Biosciences has a 52-week low of $ 2.25 and a 52-week high of $ 28.49. The company has a fifty-day moving average price of $ 4.04 and a two hundred-day moving average price of $ 7.63.

Spruce Biosciences (NASDAQ: SPRB) last released its results on Monday, November 15. The company reported ($ 0.49) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($ 0.57) by $ 0.08. As a group, sell-side analysts expect Spruce Biosciences to post earnings per share of -1.97 for the current year.

Spruce Biosciences Company Profile

Spruce Biosciences, Inc., a biopharmaceutical company, is focused on the development and commercialization of novel therapies for rare endocrine disorders. The company is committed to the development of tildacerfont, a nonsteroidal therapy to improve disease control and reduce steroid burden for patients with congenital adrenal hyperplasia (HCS).

Featured article: What is Elliott Wave Theory?

Analyst Recommendations for Spruce Biosciences (NASDAQ: SPRB)

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in Spruce Biosciences right now?

Before you consider Spruce Biosciences, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts are quietly asking their clients to buy now before the broader market takes hold … and Spruce Biosciences was not on the list.

Although Spruce Biosciences currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bets.

See the 5 actions here

[ad_2]

Related posts:

  1. – $ 0.24 in earnings per share expected for Okta, Inc. (NASDAQ: OKTA) this quarter
  2. O’Reilly Automotive (NASDAQ:ORLY) Releases Fiscal 2022 Earnings Guidance
  3. Five things you need to know to start your day
  4. The US dollar baffled Wall Street
Tagsmorgan stanleyunited stateswall street

Categories

  • Coefficient of Variation
  • Debt
  • MSCIWI
  • Nasdaq
  • Temporal
  • Terms and Conditions
  • Privacy Policy