According to Zacks, “Menlo Therapeutics Inc. is a late stage biopharmaceutical company. It focused on the development of serlopitant and treatment of chronic itch and chronic refractory cough. The company’s product pipeline consists of Prurigo Nodularis Itch, Atopic Dermatitis Itch, Psoriasis Itch and Refractory Chronic Cough which are in clinical stage. Menlo Therapeutics Inc. is headquartered in Redwood City, California. “
Separately, Cantor Fitzgerald reiterated a buy rating and set a $25.00 price objective on shares of Menlo Therapeutics in a research note on Wednesday, February 27th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $17.00.
MNLO opened at $6.24 on Thursday. The company has a market cap of $149.36 million, a PE ratio of -2.63 and a beta of 2.98. Menlo Therapeutics has a 52-week low of $3.74 and a 52-week high of $12.00.
Menlo Therapeutics (NASDAQ:MNLO) last posted its quarterly earnings data on Thursday, May 2nd. The company reported ($0.81) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.81). As a group, sell-side analysts forecast that Menlo Therapeutics will post -3.37 EPS for the current fiscal year.
Several large investors have recently modified their holdings of MNLO. Rhumbline Advisers bought a new stake in shares of Menlo Therapeutics in the fourth quarter worth $48,000. Acadian Asset Management LLC bought a new stake in shares of Menlo Therapeutics in the fourth quarter worth $147,000. Bank of New York Mellon Corp increased its stake in shares of Menlo Therapeutics by 51.0% in the fourth quarter. Bank of New York Mellon Corp now owns 38,662 shares of the company’s stock worth $159,000 after buying an additional 13,064 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Menlo Therapeutics by 8.9% in the fourth quarter. Bank of America Corp DE now owns 42,160 shares of the company’s stock worth $173,000 after buying an additional 3,448 shares during the last quarter. Finally, TIAA CREF Investment Management LLC bought a new stake in shares of Menlo Therapeutics in the third quarter worth $184,000. Institutional investors and hedge funds own 73.95% of the company’s stock.
Menlo Therapeutics Company Profile
Menlo Therapeutics Inc, a late-stage biopharmaceutical company, focuses on the development and commercialization of serlopitant for the treatment of pruritus associated with dermatologic conditions in the United States. The company has completed Phase II clinical trials in pruritus associated with prurigo nodularis; psoriasis; chronic pruritus; atopic dermatitis; and refractory chronic cough.
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