Synlogic Inc Gets a Buy Rating from H.C. Wainwright

By Jason Carr

H.C. Wainwright analyst Ram Selvaraju reiterated a Buy rating on Synlogic Inc (NASDAQ: SYBX) today and set a price target of $20. The company’s shares closed yesterday at $11.38.

According to TipRanks.com, Selvaraju is ranked 0 out of 5 stars with an average return of -8.3% and a 36.8% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as IntelliPharmaCeutics International, Biospecifics Technologies Corp, and EyePoint Pharmaceuticals Inc.

Currently, the analyst consensus on Synlogic Inc is Moderate Buy and the average price target is $17.50, representing a 53.8% upside.

In a report issued on April 9, Piper Jaffray also reiterated a Buy rating on the stock with a $15 price target.

Based on Synlogic Inc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $111K and GAAP net loss of $11.7 million. In comparison, last year the company earned revenue of $0 and had a GAAP net loss of $4.98 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Synlogic, Inc. engages in the development of a novel class of living medicines intended to treat a broad range of human diseases, ranging from genetic and acquired metabolic disorders to inflammation and cancer. The company was founded on August 28, 2017, and is headquartered in Cambridge, MA.