Miragen Therapeutics Inc (MGEN) Receives a Buy from Wedbush

By Jason Carr

Wedbush analyst Liana Moussatos reiterated a Buy rating on Miragen Therapeutics Inc (MGENResearch Report) today and set a price target of $24. The company’s shares opened today at $2.80, close to its 52-week low of $2.20.

According to TipRanks.com, Moussatos ‘ ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -6.8% and a 35.6% success rate. Moussatos covers the Healthcare sector, focusing on stocks such as BioMarin Pharmaceutical Inc., Allena Pharmaceuticals Inc, and Aquestive Therapeutics Inc.

Miragen Therapeutics Inc has an analyst consensus of Moderate Buy, with a price target consensus of $18, representing a 542.9% upside. In a report issued on May 9, Oppenheimer also reiterated a Buy rating on the stock with a $12 price target.

See today’s analyst top recommended stocks >>

Based on Miragen Therapeutics Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $11.63 million. In comparison, last year the company had a GAAP net loss of $4.66 million.

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.

Miragen Therapeutics, Inc. is a clinical stage biopharmaceutical company, which engages in the development of proprietary RNA-targeted therapeutics. Its product pipelines include MRG-106 that focuses on the treatment of blood cancer; and MRG-201 deals with the treatment of pathological fibrosis.