Pharvaris (NASDAQ:PHVS) Price target reduced to $25.00


Pharvaris (NASDAQ:PHVS – Get an assessment) had its target price reduced by SVB Leerink from $45.00 to $25.00 in a report on Tuesday, reports The Fly. SVB Leerink’s target price indicates an upside potential of 105.85% from the current share price.

Several other research companies have also recently published reports on PHVS. Bank of America downgraded Pharvaris from a “neutral” rating to an “underperforming” rating in a research report on Monday. Oppenheimer reduced his target price on Pharvaris from $48.00 to $22.00 in a research note on Tuesday. Morgan Stanley downgraded Pharvaris from an “overweight” rating to an “equally weighted” rating and lowered its price target for the company from $40.00 to $10.00 in a research note on Tuesday. Finally, JMP Securities began covering Pharvaris shares in a report on Wednesday, May 25. They set an “outperform” rating and a target price of $34.00 for the company.

Phavaris Price Performance

Shares of Pharvaris opened at $12.15 on Tuesday. The company has a 50-day simple moving average of $21.30 and a 200-day simple moving average of $19.00. The company has a market capitalization of $386.70 million, a price-earnings ratio of -4.67 and a beta of -0.79. Pharvaris has a 1-year low of $11.06 and a 1-year high of $27.50.

Institutional investors weigh in on Pharvaris

Hedge funds have recently changed their stakes in the company. Viking Global Investors LP increased its stake in Pharvaris shares by 1.0% during the 1st quarter. Viking Global Investors LP now owns 2,480,319 shares of the company valued at $46,382,000 after purchasing an additional 24,783 shares last quarter. Suvretta Capital Management LLC purchased a new stake in shares of Pharvaris in Q4 for a value of approximately $11,908,000. Novo Holdings AS increased its equity stake in Pharvaris by 23.2% in the 4th quarter. Novo Holdings AS now owns 516,321 shares of the company worth $7,430,000 after purchasing an additional 97,378 shares in the last quarter. Eventide Asset Management LLC increased its stake in Pharvaris shares by 23.6% in the 1st quarter. Eventide Asset Management LLC now owns 302,619 shares of the company worth $5,659,000 after purchasing an additional 57,694 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Pharvaris shares by 2.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 56,951 shares of the company worth $1,259,000 after buying 1,115 additional shares in the last quarter. Institutional investors hold 79.32% of the company’s shares.

About Phavaris

(Get a rating)

Pharvaris NV, a clinical-stage biopharmaceutical company, is focused on developing and commercializing therapies for rare diseases. The company is developing PHA121, a small molecule bradykinin B2 receptor antagonist that is in a phase II clinical trial for the treatment of hereditary angioedema (HAE).

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