Maxim Group Sticks to Their Buy Rating for Atossa Therapeutics (ATOS)

By Carrie Williams

In a report released yesterday, Jason McCarthy from Maxim Group reiterated a Buy rating on Atossa Therapeutics (ATOSResearch Report), with a price target of $8.00. The company’s shares closed last Friday at $3.78.

According to, McCarthy is a top 100 analyst with an average return of 39.8% and a 54.4% success rate. McCarthy covers the Healthcare sector, focusing on stocks such as Brainstorm Cell Therapeutics, Lineage Cell Therapeutics, and Actinium Pharmaceuticals.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Atossa Therapeutics with a $8.00 average price target.

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Based on Atossa Therapeutics’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $2.95 million. In comparison, last year the company had a GAAP net loss of $4.07 million.

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Atossa Therapeutics, Inc. operates as a clinical-stage pharmaceutical company, which focuses on the development of novel therapeutics and delivery methods for the treatment of breast cancer and other breast conditions. It offers ForeCYTE and ArgusCYTE diagnostic tests. The ForeCYTE Breast Health Test provides personalized information about the 10-year and lifetime risk of breast cancer for women between ages 18 and 65. The ArgusCYTE Breast Health Test offers information to help inform breast cancer treatment options and to help monitor potential recurrence. The company was founded by Steven C. Quay and Shu Chih Chen in December 2008 and is headquartered in Seattle, WA.