RBC Capital Reaffirms Their Hold Rating on Apellis Pharmaceuticals (APLS)

RBC Capital analyst Lisa Walter maintained a Hold rating on Apellis Pharmaceuticals yesterday and set a price target of $21.00. The company’s shares closed yesterday at $22.13.

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According to TipRanks, Walter is a 3-star analyst with an average return of 4.3% and a 43.59% success rate. Walter covers the Healthcare sector, focusing on stocks such as Ocular Therapeutix, Apellis Pharmaceuticals, and EyePoint Pharmaceuticals.

In addition to RBC Capital, Apellis Pharmaceuticals also received a Hold from TipRanks – Google’s Google Biotechnology in a report issued today. However, on the same day, Citi maintained a Buy rating on Apellis Pharmaceuticals (NASDAQ: APLS).

Based on Apellis Pharmaceuticals’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $458.58 million and a net profit of $215.72 million. In comparison, last year the company earned a revenue of $196.83 million and had a GAAP net loss of $57.45 million

Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of APLS in relation to earlier this year. Earlier this month, Mark Jeffrey DeLong, the Chief Business & Strat Officer of APLS sold 368.00 shares for a total of $8,151.20.