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Maxim Group Keeps Their Buy Rating on Femasys (FEMY)

In a report released yesterday, Jason McCarthy from Maxim Group maintained a Buy rating on Femasys (FEMYResearch Report), with a price target of $5.00. The company’s shares closed yesterday at $1.91.

McCarthy covers the Healthcare sector, focusing on stocks such as Atossa Therapeutics, Daré Bioscience, and Capricor Therapeutics. According to TipRanks, McCarthy has an average return of -38.2% and a 14.81% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Femasys with a $6.50 average price target, a 240.31% upside from current levels. In a report released yesterday, H.C. Wainwright also maintained a Buy rating on the stock with a $8.00 price target.

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Based on Femasys’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $321.41 thousand and a GAAP net loss of $2.88 million. In comparison, last year the company earned a revenue of $329.78 thousand and had a GAAP net loss of $1.83 million

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Femasys Inc is a biomedical company focused on transforming women’s healthcare by developing solutions and advancements providing clinical impact to address severely underserved areas. Its mission is to provide women with minimally-invasive, non-surgical product technologies, accessible in the office, improving patient care and overall health economics.

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