Nabriva Therapeutics AG (NBRV) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research cut shares of Nabriva Therapeutics AG (NASDAQ:NBRV) from a buy rating to a hold rating in a research note issued to investors on Tuesday.

According to Zacks, “Nabriva Therapeutics AG is a biopharmaceutical company. The Company is involved in the research and development of novel anti-infective agents to treat serious infections, which focus on the pleuromutilin class of antibiotics. Its product candidate consists of BC-3781, developed for the treatment of serious skin infections and bacterial pneumonia caused by MRSA and other drug resistant bacteria; BC-7013, a topical pleuromutilin antibiotic which are in different clinical trial. Nabriva Therapeutics AG is based in Vienna, Austria. “

Several other equities analysts have also recently weighed in on NBRV. HC Wainwright started coverage on Nabriva Therapeutics AG in a research note on Thursday, September 8th. They set a buy rating and a $16.00 price objective on the stock. Leerink Swann restated an outperform rating and set a $14.00 price objective on shares of Nabriva Therapeutics AG in a research note on Thursday, October 27th. Finally, Wedbush restated an outperform rating and set a $17.00 price objective on shares of Nabriva Therapeutics AG in a research note on Tuesday, August 9th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Nabriva Therapeutics AG currently has an average rating of Buy and an average target price of $13.15.

Shares of Nabriva Therapeutics AG (NASDAQ:NBRV) opened at 4.08 on Tuesday. Nabriva Therapeutics AG has a 12 month low of $3.52 and a 12 month high of $10.69.

Large investors have recently made changes to their positions in the stock. Opaleye Management Inc. raised its stake in shares of Nabriva Therapeutics AG by 24.5% in the first quarter. Opaleye Management Inc. now owns 273,800 shares of the company’s stock valued at $2,453,000 after buying an additional 53,800 shares in the last quarter. Jackson Park Capital LLC acquired a new stake in shares of Nabriva Therapeutics AG during the second quarter valued at about $195,000. Finally, Baker BROS. Advisors LP acquired a new stake in shares of Nabriva Therapeutics AG during the third quarter valued at about $2,468,000. 63.09% of the stock is owned by hedge funds and other institutional investors.

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About Nabriva Therapeutics AG

Nabriva Therapeutics AG is an Austria-based clinical-stage biopharmaceutical company engaged in the research and development of antibiotics to treat infections. Its product pipeline includes lefamulin, a Phase Three plueromutilin antibiotic in intravenous (IV) and oral formulations for the treatment of community-acquired bacterial pneumonia (CABP), and BC-7013, a Phase One topical pleuromutilin treatment for Gram-positive infections, including uncomplicated skin and skin structure infections (uSSSSIs).

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