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Rocket Pharmaceuticals (RCKT) was downgraded to a Hold Rating at Evercore ISI

Rocket Pharmaceuticals (RCKT) was downgraded to a Hold Rating at Evercore ISI

Rocket Pharmaceuticals (RCKT – Research Report) received a Hold rating and a $5.00 price target from Evercore ISI analyst Gavin Clark-Gartner yesterday. The company's shares closed yesterday at $2.96.
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According to TipRanks, Clark-Gartner is a 3-star analyst with an average return of 2.6% and a 41.94% success rate. Clark-Gartner covers the Healthcare sector, focusing on stocks such as Sarepta Therapeutics, Rocket Pharmaceuticals, and Ascendis Pharma.
In addition to Evercore ISI, Rocket Pharmaceuticals also received a Hold from Jefferies's Andrew Tsai in a report issued on May 28. However, yesterday, Canaccord Genuity maintained a Buy rating on Rocket Pharmaceuticals (NASDAQ: RCKT).
RCKT market cap is currently $298.4M and has a P/E ratio of -1.05.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RCKT in relation to earlier this year. Last month, Kinnari Patel, the President of RCKT sold 767.00 shares for a total of $4,939.48.
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