BeyondSpring Inc. (NASDAQ:BYSI) Receives Consensus Recommendation of “Buy” from Analysts

BeyondSpring Inc. (NASDAQ:BYSI) has received an average rating of “Buy” from the six research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $58.33.

Several analysts recently issued reports on the stock. William Blair reaffirmed a “buy” rating on shares of BeyondSpring in a research note on Friday, August 27th. Robert W. Baird started coverage on shares of BeyondSpring in a report on Wednesday, September 8th. They issued an “outperform” rating and a $50.00 price objective on the stock. Zacks Investment Research upgraded shares of BeyondSpring from a “sell” rating to a “hold” rating in a report on Tuesday. HC Wainwright reissued a “buy” rating and issued a $100.00 price objective on shares of BeyondSpring in a research report on Friday, September 10th. Finally, Evercore ISI reaffirmed a “buy” rating on shares of BeyondSpring in a research report on Thursday, August 19th.

Several large investors have recently bought and sold shares of BYSI. Goldman Sachs Group Inc. bought a new stake in shares of BeyondSpring during the 1st quarter worth $306,000. California State Teachers Retirement System increased its position in shares of BeyondSpring by 31.1% during the first quarter. California State Teachers Retirement System now owns 28,678 shares of the company’s stock valued at $317,000 after acquiring an additional 6,811 shares during the last quarter. American International Group Inc. increased its position in BeyondSpring by 29.9% in the first quarter. American International Group Inc. now owns 11,081 shares of the company’s stock worth $123,000 after buying an additional 2,553 shares during the last quarter. Barclays PLC increased its position in BeyondSpring by 114.4% in the first quarter. Barclays PLC now owns 23,185 shares of the company’s stock worth $256,000 after buying an additional 12,373 shares during the last quarter. Finally, Orion Portfolio Solutions LLC purchased a new position in shares of BeyondSpring in the second quarter valued at $119,000. 19.09% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:BYSI traded up $0.55 during trading on Wednesday, reaching $23.11. 25,161 shares of the company were exchanged, compared to its average volume of 1,303,978. The firm has a market capitalization of $903.74 million, a PE ratio of -11.94 and a beta of 0.87. The business’s fifty day simple moving average is $18.77 and its 200-day simple moving average is $13.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 7.47 and a quick ratio of 7.47. BeyondSpring has a 12-month low of $8.90 and a 12-month high of $33.00.

BeyondSpring (NASDAQ:BYSI) last released its quarterly earnings results on Thursday, September 9th. The company reported ($0.49) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.49). During the same quarter in the previous year, the business earned ($0.46) earnings per share. On average, sell-side analysts anticipate that BeyondSpring will post -2.18 EPS for the current fiscal year.

About BeyondSpring

BeyondSpring, Inc engages in the the development and commercialization of immuno-oncology cancer therapies to improve clinical outcomes for patients who have high unmet medical needs. It operates through PRC and U.S. geographical segments. The company was founded by Lan Huang and Lin Qing Jia in 2013 and is headquartered in New York, NY.

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Analyst Recommendations for BeyondSpring (NASDAQ:BYSI)

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