LifeSci Capital Keeps Their Buy Rating on Rocket Pharmaceuticals (RCKT)

Business Insider

5 days ago

LifeSci Capital analyst Cory Jubinville, PhD maintained a Buy rating on Rocket Pharmaceuticals (RCKT – Research Report) today and set a price target of $9.00.
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Jubinville, PhD covers the Healthcare sector, focusing on stocks such as Liquidia Technologies, Rocket Pharmaceuticals, and Mereo Biopharma Group Plc. According to TipRanks, Jubinville, PhD has an average return of -13.5% and a 29.41% success rate on recommended stocks.
In addition to LifeSci Capital, Rocket Pharmaceuticals also received a Buy from Bank of America Securities's Jason Zemansky in a report issued on May 28. However, yesterday, Evercore ISI downgraded Rocket Pharmaceuticals (NASDAQ: RCKT) to a Hold.
Based on Rocket Pharmaceuticals' latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $61.33 million. In comparison, last year the company had a GAAP net loss of $62.05 million
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. Earlier this month, John Militello, the VP of Finance, Treasurer, Principal Accounting Officer of RCKT sold 357.00 shares for a total of $2,299.08.