Acrivon Therapeutics, Inc. to Post Q1 2024 Earnings of ($0.89) Per Share, HC Wainwright Forecasts (NASDAQ:ACRV)

Acrivon Therapeutics, Inc. (NASDAQ:ACRVFree Report) – HC Wainwright cut their Q1 2024 earnings estimates for shares of Acrivon Therapeutics in a research note issued on Tuesday, April 9th. HC Wainwright analyst E. Bodnar now expects that the company will post earnings of ($0.89) per share for the quarter, down from their previous forecast of ($0.88). HC Wainwright currently has a “Buy” rating and a $20.00 target price on the stock. The consensus estimate for Acrivon Therapeutics’ current full-year earnings is ($3.51) per share. HC Wainwright also issued estimates for Acrivon Therapeutics’ Q2 2024 earnings at ($0.58) EPS, Q3 2024 earnings at ($0.57) EPS, Q4 2024 earnings at ($0.59) EPS, FY2024 earnings at ($2.63) EPS, FY2025 earnings at ($3.18) EPS, FY2026 earnings at ($3.00) EPS, FY2027 earnings at ($1.65) EPS and FY2028 earnings at ($1.04) EPS.

Several other equities research analysts have also commented on the stock. JMP Securities reissued a “market outperform” rating and issued a $14.00 price target on shares of Acrivon Therapeutics in a report on Monday, April 1st. BMO Capital Markets reaffirmed an “outperform” rating and set a $18.00 target price on shares of Acrivon Therapeutics in a research note on Monday, April 1st. Finally, LADENBURG THALM/SH SH lowered their price target on shares of Acrivon Therapeutics from $18.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Seven equities research analysts have rated the stock with a buy rating, Based on data from, Acrivon Therapeutics presently has a consensus rating of “Buy” and a consensus price target of $20.14.

Get Our Latest Report on ACRV

Acrivon Therapeutics Stock Performance

Shares of NASDAQ ACRV opened at $9.29 on Friday. The firm has a market cap of $210.33 million, a PE ratio of -3.40 and a beta of 1.94. The firm has a fifty day moving average of $5.36 and a 200 day moving average of $5.29. Acrivon Therapeutics has a one year low of $3.19 and a one year high of $14.30.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Exchange Traded Concepts LLC lifted its position in Acrivon Therapeutics by 34.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 13,289 shares of the company’s stock valued at $65,000 after buying an additional 3,370 shares during the last quarter. Bridgeway Capital Management LLC purchased a new stake in Acrivon Therapeutics during the fourth quarter worth about $157,000. Nuveen Asset Management LLC purchased a new stake in Acrivon Therapeutics during the second quarter worth about $153,000. Barclays PLC increased its stake in Acrivon Therapeutics by 73.6% during the fourth quarter. Barclays PLC now owns 24,484 shares of the company’s stock worth $121,000 after purchasing an additional 10,384 shares during the period. Finally, JPMorgan Chase & Co. purchased a new stake in Acrivon Therapeutics during the first quarter worth about $84,000. Institutional investors and hedge funds own 71.62% of the company’s stock.

Acrivon Therapeutics Company Profile

(Get Free Report)

Acrivon Therapeutics, Inc, a clinical stage biopharmaceutical company, engages in developing oncology medicines for the patients whose tumors are predicted to be sensitive to each specific medicine by utilizing its proteomics-based patient responder identification platform. The company’s Acrivon Predictive Precision Proteomics, a precision medicine platform enables the creation of drug specific proprietary OncoSignature companion diagnostics that are used to identify the patients to benefit from its drug candidates.

Featured Stories

Before you consider Acrivon Therapeutics, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Acrivon Therapeutics wasn’t on the list.

While Acrivon Therapeutics currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google Cover

Growth stocks offer a lot of bang for your buck, and we’ve got the next upcoming superstars to strongly consider for your portfolio.

Get This Free Report

Source link

Check Also

Equities Analysts Offer Predictions for Chubb Limited’s FY2024 Earnings (NYSE:CB)

Chubb Limited (NYSE:CB – Free Report) – Stock analysts at Zacks Research decreased their FY2024 …

Leave a Reply

Your email address will not be published. Required fields are marked *