MoonLake Immunotherapeutics’ (MLTX) Buy Rating Reiterated at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of MoonLake Immunotherapeutics (NASDAQ:MLTXFree Report) in a research report report published on Friday morning,Benzinga reports. HC Wainwright currently has a $32.00 price objective on the stock, up from their prior price objective of $26.00.

Several other research analysts have also recently issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of MoonLake Immunotherapeutics in a research note on Wednesday, October 8th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $10.00 target price (down from $67.00) on shares of MoonLake Immunotherapeutics in a report on Monday, September 29th. The Goldman Sachs Group reissued a “neutral” rating and set a $7.00 price target on shares of MoonLake Immunotherapeutics in a research report on Wednesday, October 1st. Jefferies Financial Group downgraded MoonLake Immunotherapeutics from a “buy” rating to a “hold” rating and set a $8.00 price objective for the company. in a report on Monday, September 29th. Finally, Wolfe Research lowered shares of MoonLake Immunotherapeutics from an “outperform” rating to an “underperform” rating in a research note on Tuesday, September 30th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $25.54.

Get Our Latest Report on MLTX

MoonLake Immunotherapeutics Trading Up 28.9%

MLTX stock opened at $18.49 on Friday. The company has a market capitalization of $1.19 billion, a PE ratio of -5.57 and a beta of 1.21. MoonLake Immunotherapeutics has a 12 month low of $5.95 and a 12 month high of $62.75. The firm’s 50-day moving average is $13.18 and its 200 day moving average is $31.35. The company has a debt-to-equity ratio of 0.25, a current ratio of 8.50 and a quick ratio of 8.50.

MoonLake Immunotherapeutics (NASDAQ:MLTXGet Free Report) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($1.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.89) by ($0.21). During the same quarter in the prior year, the firm earned ($0.56) EPS. On average, research analysts anticipate that MoonLake Immunotherapeutics will post -1.79 EPS for the current year.

Insiders Place Their Bets

In related news, insider Kristian Reich sold 72,908 shares of the company’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $14.43, for a total transaction of $1,052,062.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Da Silva Jorge Santos sold 70,000 shares of MoonLake Immunotherapeutics stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $14.49, for a total value of $1,014,300.00. Following the completion of the transaction, the chief executive officer owned 2,878,577 shares in the company, valued at $41,710,580.73. This trade represents a 2.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 402,908 shares of company stock valued at $5,987,162 over the last 90 days. 12.05% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. FNY Investment Advisers LLC purchased a new stake in MoonLake Immunotherapeutics during the third quarter valued at approximately $28,000. Bank of America Corp DE increased its position in shares of MoonLake Immunotherapeutics by 64.7% during the third quarter. Bank of America Corp DE now owns 4,532 shares of the company’s stock worth $32,000 after purchasing an additional 1,781 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of MoonLake Immunotherapeutics by 115.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,919 shares of the company’s stock valued at $42,000 after purchasing an additional 3,166 shares during the last quarter. Covestor Ltd acquired a new stake in shares of MoonLake Immunotherapeutics in the 3rd quarter worth $46,000. Finally, BNP Paribas Financial Markets boosted its position in shares of MoonLake Immunotherapeutics by 18.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,296 shares of the company’s stock worth $52,000 after purchasing an additional 1,158 shares in the last quarter. Institutional investors own 93.85% of the company’s stock.

Key Headlines Impacting MoonLake Immunotherapeutics

Here are the key news stories impacting MoonLake Immunotherapeutics this week:

MoonLake Immunotherapeutics Company Profile

(Get Free Report)

MoonLake Immunotherapeutics is a clinical-stage biopharmaceutical company focused on the discovery and development of novel immunomodulatory therapies for autoimmune and inflammatory diseases. The company leverages a proprietary platform designed to selectively modulate key immune cell populations, aiming to restore immune balance and reduce tissue damage with targeted biologic candidates.

Its lead asset, MLTX101, is a recombinant immune cell modulator in clinical development for myositis, including inclusion body myositis and dermatomyositis.

See Also

Analyst Recommendations for MoonLake Immunotherapeutics (NASDAQ:MLTX)

Receive News & Ratings for MoonLake Immunotherapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MoonLake Immunotherapeutics and related companies with MarketBeat.com's FREE daily email newsletter.