Bank of America Securities Keeps Their Sell Rating on ProKidney (PROK)
Bank of America Securities analyst Jason Gerberry reiterated a Sell rating on ProKidney yesterday and set a price target of $1.00. The company’s shares closed yesterday at $2.68.
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According to TipRanks, Gerberry is a 5-star analyst with an average return of 10.6% and a 58.23% success rate. Gerberry covers the Healthcare sector, focusing on stocks such as Ionis Pharmaceuticals, Jazz Pharmaceuticals, and Alkermes.
The word on The Street in general, suggests a Hold analyst consensus rating for ProKidney with a $4.67 average price target.
Based on ProKidney’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $217 thousand and a GAAP net loss of $19.37 million. In comparison, last year the company had a GAAP net loss of $17.91 million
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