SVB Securities Keeps Their Buy Rating on Halozyme (HALO)

SVB Securities analyst David Risinger maintained a Buy rating on Halozyme (HALOResearch Report) on August 15 and set a price target of $52.00. The company’s shares closed yesterday at $43.41.

According to TipRanks, Risinger is a 2-star analyst with an average return of 2.5% and a 55.56% success rate. Risinger covers the Healthcare sector, focusing on stocks such as Pfizer, Sanofi, and Eli Lilly & Co.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Halozyme with a $54.60 average price target, representing a 25.78% upside. In a report released on August 10, JMP Securities also reiterated a Buy rating on the stock with a $60.00 price target.

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Based on Halozyme’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $152.37 million and a net profit of $22.69 million. In comparison, last year the company earned a revenue of $136.46 million and had a net profit of $91.46 million

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Halozyme Therapeutics, Inc. is a biopharmaceutical company, which engages in research, development & commercialization of human enzymes and drug candidates. It focuses on novel oncology therapies that target the tumor microenvironment. Its products include PEGPH20, HTI-1511, PEG-ADA2, and HYLENEX recombinant. The company was founded by Gregory Ian Frost on February 26, 1998 and is headquartered in San Diego, CA.

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