Phathom Pharmaceuticals, Inc. (NASDAQ:PHAT) has been assigned an average recommendation of “Buy” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $56.50.
A number of analysts have issued reports on PHAT shares. The Goldman Sachs Group raised shares of Phathom Pharmaceuticals from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $40.00 to $48.00 in a report on Wednesday, May 12th. Zacks Investment Research upgraded shares of Phathom Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Thursday, June 3rd.
In related news, Director David A. Socks sold 26,040 shares of the company’s stock in a transaction that occurred on Monday, June 28th. The shares were sold at an average price of $34.07, for a total transaction of $887,182.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Pharmaceutical Co Ltd Takeda sold 14,632 shares of the business’s stock in a transaction that occurred on Monday, May 3rd. The stock was sold at an average price of $38.28, for a total transaction of $560,112.96. Following the sale, the insider now directly owns 1,080,843 shares in the company, valued at $41,374,670.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 223,996 shares of company stock valued at $7,893,813. 39.80% of the stock is owned by corporate insiders.
Shares of PHAT stock traded down $0.60 during midday trading on Friday, hitting $32.89. 464 shares of the company were exchanged, compared to its average volume of 119,984. The company has a debt-to-equity ratio of 0.22, a quick ratio of 5.94 and a current ratio of 5.94. The firm has a 50 day moving average price of $34.54. Phathom Pharmaceuticals has a 52 week low of $30.70 and a 52 week high of $50.78.
Phathom Pharmaceuticals (NASDAQ:PHAT) last announced its earnings results on Tuesday, May 11th. The company reported ($0.96) EPS for the quarter, topping the consensus estimate of ($1.11) by $0.15. Sell-side analysts forecast that Phathom Pharmaceuticals will post -3.65 EPS for the current year.
About Phathom Pharmaceuticals
Phathom Pharmaceuticals, Inc, a clinical-stage biopharmaceutical company, focuses on developing and commercializing treatments for gastrointestinal diseases. The company has the rights in the United States, Europe, and Canada to vonoprazan, a potassium-competitive acid blocker (P-CAB) that blocks acid secretion in the stomach.
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