William Blair Reiterates Their Buy Rating on Vital Therapies (VTL)

By Jason Carr

William Blair analyst Tim Lugo reiterated a Buy rating on Vital Therapies (NASDAQ: VTL) on August 10. The company’s shares closed on Friday at $9.40, close to its 52-week high of $9.75.

According to TipRanks.com, Lugo is a 4-star analyst with an average return of 20.3% and a 43.7% success rate. Lugo covers the Healthcare sector, focusing on stocks such as Aclaris Therapeutics Inc, Sarepta Therapeutics, and BioMarin.

Currently, the analyst consensus on Vital Therapies is a Moderate Buy with an average price target of $9.

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Based on Vital Therapies’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $12.68 million. In comparison, last year the company had a GAAP net loss of $12.41 million.

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Vital Therapies, Inc. operates as a biotherapeutic company, which develops a human hepatic cell-based system for the treatment of acute forms of liver failure. Its product candidate, ELAD System, is a human cell-based bio-artificial liver support system that operates outside the body or extracorporeal.