Akero Therapeutics, Inc. (NASDAQ:AKRO – Get Free Report) has been given an average recommendation of “Buy” by the nine research firms that are covering the company, Marketbeat.com reports. Nine equities research analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $76.29.
Several brokerages have weighed in on AKRO. HC Wainwright upped their price objective on shares of Akero Therapeutics from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Bank of America upgraded Akero Therapeutics from a “neutral” rating to a “buy” rating and increased their price target for the stock from $35.00 to $63.00 in a research report on Thursday, January 30th. Morgan Stanley reiterated an “overweight” rating on shares of Akero Therapeutics in a research report on Sunday, March 2nd. UBS Group increased their target price on Akero Therapeutics from $42.00 to $109.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Citigroup upped their price target on shares of Akero Therapeutics from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th.
Get Our Latest Analysis on Akero Therapeutics
Insider Activity
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP raised its holdings in Akero Therapeutics by 54.4% in the third quarter. Wellington Management Group LLP now owns 7,896,632 shares of the company’s stock worth $226,554,000 after purchasing an additional 2,782,029 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Akero Therapeutics in the 3rd quarter valued at $37,392,000. RTW Investments LP raised its stake in Akero Therapeutics by 15.9% during the 4th quarter. RTW Investments LP now owns 6,859,823 shares of the company’s stock worth $190,840,000 after buying an additional 940,388 shares during the period. Deep Track Capital LP lifted its holdings in Akero Therapeutics by 116.0% during the fourth quarter. Deep Track Capital LP now owns 1,490,000 shares of the company’s stock worth $41,452,000 after acquiring an additional 800,216 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in Akero Therapeutics in the fourth quarter valued at about $18,059,000.
Akero Therapeutics Price Performance
Akero Therapeutics stock opened at $44.82 on Tuesday. The business has a 50 day simple moving average of $42.44 and a 200 day simple moving average of $34.02. Akero Therapeutics has a one year low of $17.86 and a one year high of $58.40. The company has a market capitalization of $3.57 billion, a PE ratio of -11.95 and a beta of -0.19. The company has a debt-to-equity ratio of 0.05, a current ratio of 17.25 and a quick ratio of 17.25.
Akero Therapeutics (NASDAQ:AKRO – Get Free Report) last issued its quarterly earnings data on Friday, February 28th. The company reported ($0.99) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.98) by ($0.01). On average, sell-side analysts forecast that Akero Therapeutics will post -3.99 EPS for the current fiscal year.
Akero Therapeutics Company Profile
Akero Therapeutics, Inc, together with its subsidiary, engages in the development of treatments for patients with serious metabolic diseases in the United States. The company's lead product candidate is efruxifermin (EFX), which is in Phase 3 clinical trials that protects against cellular stress and regulates the metabolism of lipids, carbohydrates, and proteins throughout the body for the treatment of biopsy-confirmed metabolic dysfunction-associated steatohepatitis (MASH) patients.
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