Savara (NASDAQ:SVRA) Shares Up 5.6% – Still a Buy?

21 Dec 2024, 11:40 by Teresa Graham · The Cerbat Gem

Savara Inc (NASDAQ:SVRA – Get Free Report)’s share price shot up 5.6% during mid-day trading on Thursday . The stock traded as high as $3.20 and last traded at $3.19. 138,171 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 1,266,494 shares. The stock had previously closed at $3.02.

Wall Street Analysts Forecast Growth

SVRA has been the topic of several recent research reports. Evercore ISI reiterated an “in-line” rating and set a $5.00 target price (down from $7.00) on shares of Savara in a research report on Wednesday, November 13th. HC Wainwright cut their price target on shares of Savara from $10.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Wells Fargo & Company initiated coverage on shares of Savara in a research note on Friday. They issued an “overweight” rating and a $8.00 price objective on the stock. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $9.00 target price on shares of Savara in a research report on Thursday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $9.86.

View Our Latest Analysis on SVRA

Savara Stock Performance

The company’s 50-day moving average price is $3.47 and its two-hundred day moving average price is $3.99. The company has a market capitalization of $554.33 million, a price-to-earnings ratio of -7.51 and a beta of 0.92. The company has a debt-to-equity ratio of 0.13, a current ratio of 17.70 and a quick ratio of 17.70.

Savara (NASDAQ:SVRA – Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.11) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.11). On average, equities research analysts anticipate that Savara Inc will post -0.45 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Matthew Pauls sold 54,702 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $3.31, for a total value of $181,063.62. Following the transaction, the chief executive officer now directly owns 1,536,379 shares in the company, valued at $5,085,414.49. This trade represents a 3.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph S. Mccracken purchased 20,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were acquired at an average price of $2.95 per share, with a total value of $59,000.00. Following the purchase, the director now directly owns 210,837 shares in the company, valued at $621,969.15. This represents a 10.48 % increase in their position. The disclosure for this purchase can be found here. 5.13% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Choreo LLC acquired a new position in shares of Savara during the second quarter valued at about $59,000. DRW Securities LLC acquired a new position in Savara during the 2nd quarter valued at about $62,000. Virtu Financial LLC acquired a new position in Savara during the 3rd quarter valued at about $67,000. Principal Financial Group Inc. increased its holdings in Savara by 64.4% during the 2nd quarter. Principal Financial Group Inc. now owns 17,795 shares of the company’s stock worth $72,000 after purchasing an additional 6,973 shares in the last quarter. Finally, Profund Advisors LLC purchased a new stake in shares of Savara in the second quarter worth approximately $105,000. Institutional investors and hedge funds own 87.93% of the company’s stock.

About Savara

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