MoonLake Immunotherapeutics’ (MLTX) “Buy” Rating Reiterated at BTIG Research

BTIG Research restated their buy rating on shares of MoonLake Immunotherapeutics (NASDAQ:MLTXFree Report) in a report issued on Monday,Benzinga reports. BTIG Research currently has a $30.00 price objective on the stock.

A number of other equities research analysts also recently issued reports on MLTX. Oppenheimer increased their price target on MoonLake Immunotherapeutics from $30.00 to $35.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 24th. UBS Group set a $24.00 target price on MoonLake Immunotherapeutics in a research report on Friday, January 9th. Needham & Company LLC increased their target price on MoonLake Immunotherapeutics from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. HC Wainwright raised their price target on MoonLake Immunotherapeutics from $32.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Zacks Research raised MoonLake Immunotherapeutics from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. Nine investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $23.08.

Read Our Latest Analysis on MLTX

MoonLake Immunotherapeutics Stock Performance

NASDAQ MLTX opened at $16.52 on Monday. The company has a quick ratio of 9.27, a current ratio of 9.27 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $1.18 billion, a P/E ratio of -4.69 and a beta of 1.19. MoonLake Immunotherapeutics has a 12-month low of $5.95 and a 12-month high of $62.75. The firm has a 50-day moving average price of $16.91 and a two-hundred day moving average price of $16.88.

MoonLake Immunotherapeutics (NASDAQ:MLTXGet Free Report) last announced its earnings results on Wednesday, February 25th. The company reported ($0.92) EPS for the quarter, hitting the consensus estimate of ($0.92). During the same quarter in the prior year, the firm earned ($0.72) EPS. Analysts anticipate that MoonLake Immunotherapeutics will post -1.79 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MLTX. Geode Capital Management LLC lifted its stake in MoonLake Immunotherapeutics by 0.9% during the second quarter. Geode Capital Management LLC now owns 59,553 shares of the company’s stock worth $2,809,000 after purchasing an additional 559 shares during the last quarter. Squarepoint Ops LLC raised its holdings in shares of MoonLake Immunotherapeutics by 3.7% during the 2nd quarter. Squarepoint Ops LLC now owns 17,571 shares of the company’s stock worth $829,000 after buying an additional 629 shares in the last quarter. Axiom Investors LLC DE raised its holdings in shares of MoonLake Immunotherapeutics by 3.2% during the 4th quarter. Axiom Investors LLC DE now owns 25,998 shares of the company’s stock worth $343,000 after buying an additional 818 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of MoonLake Immunotherapeutics by 45.4% during the 4th quarter. Russell Investments Group Ltd. now owns 3,426 shares of the company’s stock worth $45,000 after buying an additional 1,069 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of MoonLake Immunotherapeutics by 18.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,296 shares of the company’s stock worth $52,000 after buying an additional 1,158 shares during the last quarter. 93.85% of the stock is currently owned by institutional investors and hedge funds.

MoonLake Immunotherapeutics News Roundup

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

MoonLake Immunotherapeutics Company Profile

(Get Free Report)

MoonLake Immunotherapeutics, a clinical-stage biopharmaceutical company, engages in developing therapies. It develops Sonelokimab, a novel investigational Nanobody for the treatment of inflammation diseases; and hidradenitis suppurativa, psoriatic arthritis, axial spondyloarthritis, and psoriasis. MoonLake Immunotherapeutics was incorporated in 2020 and is headquartered in Zug, Switzerland.

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Analyst Recommendations for MoonLake Immunotherapeutics (NASDAQ:MLTX)

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