DBV Technologies S.A. (NASDAQ:DBVT) Given Average Recommendation of "Hold" by Brokerages – MarketBeat

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Shares of DBV Technologies S.A. (NASDAQ:DBVT – Get Rating) have received a consensus recommendation of “Hold” from the seven brokerages that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $5.63.
DBVT has been the topic of a number of recent research reports. HC Wainwright restated a “buy” rating and set a $10.00 price target on shares of DBV Technologies in a research report on Tuesday, May 3rd. Kepler Capital Markets upgraded DBV Technologies from a “hold” rating to a “buy” rating and set a €6.00 ($6.12) target price on the stock in a report on Thursday, August 4th. The Goldman Sachs Group cut DBV Technologies from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $6.00 to $1.50 in a report on Monday, May 9th. StockNews.com upgraded DBV Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, August 17th. Finally, JMP Securities restated a “buy” rating and set a $5.00 target price on shares of DBV Technologies in a report on Wednesday, June 8th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DBVT. ExodusPoint Capital Management LP acquired a new position in DBV Technologies in the second quarter valued at approximately $352,000. BlackRock Inc. lifted its holdings in DBV Technologies by 16.5% in the first quarter. BlackRock Inc. now owns 687,341 shares of the company’s stock valued at $1,093,000 after acquiring an additional 97,412 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in DBV Technologies in the fourth quarter valued at approximately $43,000. BNP Paribas Arbitrage SA acquired a new position in DBV Technologies in the second quarter valued at approximately $49,000. Finally, Advisory Services Network LLC acquired a new position in DBV Technologies in the second quarter valued at approximately $26,000. 19.33% of the stock is currently owned by institutional investors and hedge funds.

DBV Technologies Stock Performance

NASDAQ:DBVT opened at $2.10 on Friday. The company has a fifty day moving average of $2.44 and a two-hundred day moving average of $1.84. The stock has a market capitalization of $394.91 million, a PE ratio of -3.09 and a beta of 1.47. DBV Technologies has a fifty-two week low of $1.15 and a fifty-two week high of $5.99.
DBV Technologies (NASDAQ:DBVT – Get Rating) last posted its quarterly earnings data on Monday, August 1st. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.01). The company had revenue of $1.53 million for the quarter, compared to analyst estimates of $2.57 million. DBV Technologies had a negative return on equity of 57.09% and a negative net margin of 929.78%. Research analysts forecast that DBV Technologies will post -0.68 earnings per share for the current year.

DBV Technologies Company Profile

(Get Rating)
DBV Technologies SA, a clinical-stage biopharmaceutical company, engages in the research and development of epicutaneous immunotherapy products. Its lead product candidate is Viaskin Peanut, an immunotherapy product, which has completed Phase III clinical trial for the treatment of peanut allergies in 4 to 11 years of age children, adolescents, and adults.

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