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Leerink Partners Maintains Their Hold Rating on Wave Life Sciences (WVE)

Leerink Partners analyst Mani Foroohar maintained a Hold rating on Wave Life Sciences (WVEResearch Report) on January 28 and set a price target of $7.00. The company’s shares closed last Monday at $2.45, close to its 52-week low of $2.03.

According to TipRanks.com, Foroohar has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -17.9% and a 37.4% success rate. Foroohar covers the Healthcare sector, focusing on stocks such as Recursion Pharmaceuticals, Arrowhead Pharmaceuticals, and 4D Molecular Therapeutics.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wave Life Sciences with a $10.00 average price target.

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Based on Wave Life Sciences’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $36.42 million and GAAP net loss of $6.23 million. In comparison, last year the company earned revenue of $3.45 million and had a GAAP net loss of $33.1 million.

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Wave Life Sciences Ltd. is a biotechnology company, which engages in the development of proprietary synthetic chemistry drug. It focuses on the design, development, and commercialization of nucleic acid-based therapeutics. The company was founded by Gregory L. Verdine and Takeshi Wada on July 23, 2012 and is headquartered in Singapore.

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