H.C. Wainwright Thinks Bellerophon’s Stock is Going to Recover

By Ryan Adsit

In a report released today, Andrew Fein from H.C. Wainwright maintained a Buy rating on Bellerophon (NASDAQ: BLPH), with a price target of $3. The company’s shares closed yesterday at $0.60, close to its 52-week low of $0.47.

Fein commented:

“Our new price target of $3/share is based on a discounted cash flow analysis (2018-2026) using a 12% discount rate and 2% growth rate, in line with the expected discount and growth parameters of a development-stage drug company. Risks to our investment thesis and target price include: (1) failure in clinical studies; (2) failure to secure regulatory approval; and (3) smaller than anticipated commercial opportunity due to market size, competition and pricing. Bellerophon Therapeutics, Inc.”

According to TipRanks.com, Fein is a 3-star analyst with an average return of 2.5% and a 46.8% success rate. Fein covers the Healthcare sector, focusing on stocks such as Proteostasis Therapeutics Inc, ACADIA Pharmaceuticals Inc, and Strongbridge Biopharma Plc.

Currently, the analyst consensus on Bellerophon is a Moderate Buy with an average price target of $3.

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Based on Bellerophon’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $11.47 million. In comparison, last year the company had a GAAP net loss of $3.93 million.

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Bellerophon Therapeutics, Inc clinical-stage therapeutics company, which focuses on developing innovative products at the intersection of drugs and devices that address significant unmet medical needs in the treatment of cardiopulmonary diseases.