Aquestive Therapeutics Inc (AQST) Receives a Buy from Wedbush

By Austin Angelo

In a report released today, Liana Moussatos from Wedbush reiterated a Buy rating on Aquestive Therapeutics Inc (AQSTResearch Report), with a price target of $34.00. The company’s shares closed last Monday at $3.37, close to its 52-week low of $2.95.

According to TipRanks.com, Moussatos has 0 stars on 0-5 star ranking scale with an average return of -16.3% and a 25.9% success rate. Moussatos covers the Healthcare sector, focusing on stocks such as BioMarin Pharmaceutical Inc., Allena Pharmaceuticals Inc, and Catabasis Pharmaceuticals.

Aquestive Therapeutics Inc has an analyst consensus of Strong Buy, with a price target consensus of $18.50, implying a 445.7% upside from current levels. In a report issued on October 1, H.C. Wainwright also reiterated a Buy rating on the stock with a $12.00 price target.

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Based on Aquestive Therapeutics Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $20.47 million. In comparison, last year the company had a GAAP net loss of $15.04 million.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AQST in relation to earlier this year.

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.

Aquestive Therapeutics, Inc. is a specialty pharmaceutical company focused on identifying, developing, and commercializing differentiated products to address unmet medical needs. The company has a late-stage proprietary product pipeline focused on the treatment of Central nervous system (CNS) diseases, as well as orally-administered complex molecules that can be alternatives to invasively-administered standard of care therapies. Its product candidates include Libervant, Sympazan, and AQST-117 (Riluzole). Aquestive Therapeutics develops and delivers drugs via its PharmFilm® technology. The firm also collaborates with pharmaceutical partners to bring new molecules to market in differentiated and highly-marketable dosage forms. In addition to its proprietary product candidates, the company, with its partners, has a portfolio of development-stage products and commercialized products, such as Suboxone, a prescription medicine for the treatment of opioid dependence. The company was founded in January 2004 and is headquartered in Warren, NJ.