DBV Technologies (NASDAQ:DBVT) Stock Price Crosses Below 50-Day Moving Average of $0.89

DBV Technologies S.A. (NASDAQ:DBVT) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $0.89 and traded as low as $0.85. DBV Technologies shares last traded at $0.90, with a volume of 2,500 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have weighed in on DBVT shares. StockNews.com assumed coverage on shares of DBV Technologies in a report on Tuesday. They set a “hold” rating on the stock. JMP Securities boosted their price objective on shares of DBV Technologies from $4.00 to $5.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 31st. Finally, HC Wainwright reaffirmed a “buy” rating and set a $5.00 target price on shares of DBV Technologies in a report on Thursday, August 1st.

DBV Technologies Stock Performance

The firm’s fifty day simple moving average is $0.89 and its 200-day simple moving average is $1.19. The stock has a market cap of $86.85 million, a P/E ratio of -1.07 and a beta of 0.68.

DBV Technologies (NASDAQ:DBVT) last posted its quarterly earnings data on Tuesday, July 30th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.08). DBV Technologies had a negative return on equity of 74.41% and a negative net margin of 638.21%. The business had revenue of $1.16 million during the quarter, compared to the consensus estimate of $1.42 million. During the same period last year, the business posted ($0.26) earnings per share. Analysts predict that DBV Technologies S.A. will post -1.43 earnings per share for the current fiscal year.

Institutional Trading of DBV Technologies

An institutional investor recently bought a new position in DBV Technologies stock. Cowen AND Company LLC purchased a new position in DBV Technologies S.A. (NASDAQ:DBVT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 50,986 shares of the company’s stock, valued at approximately $49,000. Hedge funds and other institutional investors own 71.74% of the company’s stock.

About DBV Technologies

DBV Technologies SA, a clinical-stage biopharmaceutical company, engages in the research and development of epicutaneous immunotherapy products. Its product pipeline comprising Viaskin Peanut, an immunotherapy product, which has completed Phase 3 clinical trial for the treatment of peanut allergies; and Viaskin Milk which is in Phase 1/2 clinical trial for the treatment of immunoglobulin E (IgE) mediated or cow's milk protein allergy and eosinophilic esophagitis.