Achieve Life Sciences, Inc. (NASDAQ:ACHV) Given Consensus Rating of “Buy” by Analysts

Shares of Achieve Life Sciences, Inc. (NASDAQ:ACHVGet Free Report) have received a consensus recommendation of “Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $14.80.

Several equities research analysts have recently issued reports on the company. RODMAN&RENSHAW raised Achieve Life Sciences to a “strong-buy” rating in a research note on Thursday, November 14th. Rodman & Renshaw assumed coverage on Achieve Life Sciences in a research note on Thursday, November 14th. They issued a “buy” rating and a $12.00 price objective for the company.

View Our Latest Report on ACHV

Achieve Life Sciences Stock Performance

NASDAQ ACHV opened at $3.11 on Wednesday. The stock has a market capitalization of $106.95 million, a PE ratio of -2.75 and a beta of 1.66. The business has a 50 day simple moving average of $3.81 and a two-hundred day simple moving average of $4.36. The company has a debt-to-equity ratio of 0.31, a current ratio of 6.78 and a quick ratio of 6.78. Achieve Life Sciences has a 1-year low of $2.84 and a 1-year high of $5.59.

Achieve Life Sciences (NASDAQ:ACHVGet Free Report) last released its quarterly earnings results on Thursday, November 7th. The biopharmaceutical company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.10). During the same quarter last year, the firm posted ($0.34) earnings per share. On average, research analysts predict that Achieve Life Sciences will post -1.17 EPS for the current fiscal year.

Institutional Investors Weigh In On Achieve Life Sciences

A number of institutional investors and hedge funds have recently modified their holdings of ACHV. SG Americas Securities LLC bought a new stake in shares of Achieve Life Sciences during the 3rd quarter worth approximately $54,000. The Manufacturers Life Insurance Company bought a new stake in Achieve Life Sciences during the 2nd quarter valued at $69,000. MetLife Investment Management LLC raised its position in Achieve Life Sciences by 65.6% during the 3rd quarter. MetLife Investment Management LLC now owns 14,993 shares of the biopharmaceutical company’s stock valued at $71,000 after purchasing an additional 5,939 shares in the last quarter. Verition Fund Management LLC bought a new stake in Achieve Life Sciences during the 3rd quarter valued at $113,000. Finally, Renaissance Technologies LLC raised its position in Achieve Life Sciences by 134.2% during the 2nd quarter. Renaissance Technologies LLC now owns 25,060 shares of the biopharmaceutical company’s stock valued at $118,000 after purchasing an additional 14,360 shares in the last quarter. 33.52% of the stock is owned by institutional investors.

About Achieve Life Sciences

(Get Free Report

Achieve Life Sciences, Inc, a clinical-stage pharmaceutical company, develops and commercializes cytisinicline for smoking cessation and nicotine addiction. The company offers cytisinicline, a plant-based alkaloid that interacts with nicotine receptors in the brain that reduce the severity of nicotine withdrawal symptoms.

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Analyst Recommendations for Achieve Life Sciences (NASDAQ:ACHV)

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