Nabriva Therapeutics AG's (NBRV) "Overweight" Rating Reaffirmed at Cantor Fitzgerald

Nabriva Therapeutics AG's (NBRV)

Nabriva Therapeutics plc - Ordi shares had a trading volume of 209K by the end of trading on Friday. The stock has an average rating of Buy and an average target price of $16.25.

Investors are feeling more bearish of late as indicated by the motion in short interest. The stock had a rise in short interest of 3.44% between July 31, 2017 and August 15, 2017. Specifically, the ECR rates were 87.3% for lefamulin and 90.2% for moxifloxacin with/without linezolid.

Additionally, here are a few investment firms who have increased or decreased their stake in (NBRV). The total value of its holdings decreased 12.7%. Royal Bank of Canada now owns 52,807 shares of the biotechnology company's stock valued at $553,000 after buying an additional 8,650 shares during the last quarter. Morgan Stanley owns 3,584 shares valued at $43,000. The total value of its holdings increased 500.0%.

As of the end of the quarter Tower Research Capital LLC (trc) had acquired 409 shares growing its stake by 435.1%. Tower Research Capital LLC (trc) now controls 503 shares valued at $6,000. Acuta Capital Partners, LLC reduced its investment by selling 28,673 shares a decrease of 4.1% from 12/31/2016 to 03/31/2017. Acuta Capital Partners LLC now owns 706,383 shares of the company's stock valued at $4,210,000 after buying an additional 122,862 shares in the last quarter. The value of the position overall is up by 93.2%. Zacks Investment Research raised Nabriva Therapeutics AG from a hold rating to a buy rating and set a $11.00 price objective for the company in a report on Saturday, May 27th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company.

The company will host a conference call this morning at 8:30 am ET to discuss the results.

Shares last traded at $7.40 significantly below the 50 day moving average of $9.21 and much lower than the 200 day moving average of $10.28. The 50 day moving average was down $-1.81 or -19.65% whereas the 200 day average was down by -27.99%. The biotechnology company reported ($0.54) EPS for the quarter, topping the Zacks' consensus estimate of ($5.83) by $5.29.

Nabriva Therapeutics AG is an Austria-based clinical-stage biopharmaceutical company engaged in the research and development of antibiotics to treat infections. I am extremely proud and appreciative of the Nabriva Therapeutics team that has advanced lefamulin, which has the potential to be the first in a new class of antibiotics for CABP in more than 15 years, from initial discovery in our labs to this important milestone. This is the first of two phase 3 clinical trials needed to seek regulatory approval for lefamulin. The Company develops both intravenous (IV) and oral formulations of lefamulin for the treatment of community-acquired bacterial pneumonia (CABP). It is also developing BC-7013, a topical pleuromutilin product candidate, which has completed a Phase 1 clinical trial. The company was formerly known as Nabriva Therapeutics Forschungs GmbH and changed its name to Nabriva Therapeutics AG in 2007.

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