Cantor Fitzgerald Remains a Buy on Apellis Pharmaceuticals (APLS)

Cantor Fitzgerald analyst Steven Seedhouse maintained a Buy rating on Apellis Pharmaceuticals yesterday and set a price target of $35.00. The company’s shares closed yesterday at $22.13.

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According to TipRanks, Seedhouse is a 4-star analyst with an average return of 10.5% and a 43.49% success rate. Seedhouse covers the Healthcare sector, focusing on stocks such as CAMP4 Therapeutics Corporation, Apellis Pharmaceuticals, and Korro Bio.

Apellis Pharmaceuticals has an analyst consensus of Moderate Buy, with a price target consensus of $31.38, a 41.80% upside from current levels. In a report released today, Citi also maintained a Buy rating on the stock with a $44.00 price target.

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.