DBV Technologies (NASDAQ:DBVT) upgraded to “buy” from Kepler Capital Markets

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DBV Technologies (NASDAQ: DBVT – Get a rating) was upgraded by Kepler Capital Markets research analysts from a “hold” rating to a “buy” rating in a research note released Thursday to investors, Fly reports. The brokerage currently has a price target of €6.00 ​​($6.19) on the stock.

Other equity research analysts have also published research reports on the company. StockNews.com began coverage of DBV Technologies in a research report on Monday. They have set a “holding” rating on the stock. JMP Securities reissued a “buy” rating and issued a target price of $5.00 on DBV Technologies shares in a Wednesday, June 8 report. HC Wainwright reissued a “buy” rating and issued a target price of $10.00 on DBV Technologies shares in a Tuesday, May 3 report. Finally, Goldman Sachs Group downgraded DBV Technologies from a “buy” rating to a “neutral” rating and lowered its target price for the company from $6.00 to $1.50 in a Monday, May 9 report. Four research analysts gave the stock a hold rating and three gave the company a buy rating. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $5.63.

DBV Technologies share performance

The NASDAQ DBVT traded down $0.05 during Thursday trading hours, hitting $2.55. The stock had trading volume of 3,545 shares, compared to an average volume of 102,930. DBV Technologies has a 52-week low of $1.15 and a 52-week high of $5.99. The stock has a 50-day moving average of $2.25 and a 200-day moving average of $1.72. The stock has a market capitalization of $311.79 million, a P/E ratio of -3.75 and a beta of 1.47.

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DBV Technologies (NASDAQ: DBVT – Get a rating) last announced its results on Monday, May 2. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analyst consensus estimates of ($0.47) by $0.32. DBV Technologies posted a negative return on equity of 57.09% and a negative net margin of 929.78%. The company posted revenue of $2.55 million for the quarter, versus analyst estimates of $2.20 million. On average, equity research analysts expect DBV Technologies to post -0.69 EPS for the current year.

Institutional entries and exits

Institutional investors have recently changed their stake in the company. Advisory Services Network LLC bought a new position in DBV Technologies in Q2 for a value of approximately $26,000. Envestnet Asset Management Inc. purchased a new stake in DBV Technologies stock during Q4 for $43,000. Finally, BlackRock Inc. increased its position in DBV Technologies shares by 16.5% during the 1st quarter. BlackRock Inc. now owns 687,341 shares of the company valued at $1,093,000 after acquiring an additional 97,412 shares in the last quarter. Institutional investors hold 19.33% of the company’s shares.

DBV Technologies Company Profile

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DBV Technologies SA, a clinical-stage biopharmaceutical company, is engaged in the research and development of epicutaneous immunotherapy products. Its lead product candidate is Viaskin Peanut, an immunotherapy product, which has completed the Phase III clinical trial for the treatment of peanut allergy in children, adolescents and adults 4-11 years old.

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Analyst Recommendations for DBV Technologies (NASDAQ: DBVT)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

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