H.C. Wainwright Remains a Buy on Agile Therapeutics

By Carrie Williams

H.C. Wainwright analyst Oren Livnat reiterated a Buy rating on Agile Therapeutics (NASDAQ: AGRX) today and set a price target of $8. The company’s shares closed yesterday at $3.64.

According to TipRanks.com, Livnat is a 1-star analyst with an average return of -4.3% and a 41.5% success rate. Livnat covers the Healthcare sector, focusing on stocks such as Zynerba Pharmaceuticals, Pacira Pharmaceuticals, and Jazz Pharmaceuticals.

Agile Therapeutics has an analyst consensus of Moderate Buy, with a price target consensus of $6.50.

Based on Agile Therapeutics’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $0 and GAAP net loss of $6.24 million. In comparison, last year the company earned revenue of $0 and had a GAAP net loss of $5.2 million.

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Agile Therapeutics, Inc. engages in the development and commercialization of new prescription contraceptive products. Its product candidates are designed to provide women with contraceptive options that offer greater convenience and facilitate compliance. The company was founded on December 22, 1997 and is headquartered in Princeton, NJ.