H.C. Wainwright Keeps Their Buy Rating on Clovis Oncology (CLVS)

By Austin Angelo

H.C. Wainwright analyst Edward White reiterated a Buy rating on Clovis Oncology (CLVSResearch Report) today and set a price target of $237. The company’s shares closed on Friday at $23.48.

According to TipRanks.com, White is a 5-star analyst with an average return of 14.0% and a 48.3% success rate. White covers the Healthcare sector, focusing on stocks such as Syndax Pharmaceuticals Inc, Spectrum Pharmaceuticals, and Aileron Therapeutics Inc.

Currently, the analyst consensus on Clovis Oncology is a Moderate Buy with an average price target of $32.

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Based on Clovis Oncology’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $99.26 million. In comparison, last year the company had a GAAP net loss of $77.69 million.

Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock.

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Clovis Oncology, Inc. is a commercial stage biotechnology company, which engages in the acquisition, development, and commercialization of cancer treatments in the United States, Europe, and other markets. Its product development programs target specific subsets of cancer, and simultaneously develop, with partners, diagnostic tools intended to direct a compound in development to the patients most likely to benefit from its use. The company was founded by Andrew R. Allen, Gillian C. Ivers-Read, Patrick J. Mahaffy, and Erle T. Mast on April 20, 2009 and is headquartered in Boulder, CO.