Akari Therapeutics PLC (AKTX) Given Average Recommendation of “Hold” by Analysts

Akari Therapeutics PLC (NASDAQ:AKTX) has earned a consensus rating of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $9.00.

Several research firms have recently issued reports on AKTX. Zacks Investment Research downgraded shares of Akari Therapeutics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 16th. B. Riley began coverage on shares of Akari Therapeutics in a report on Thursday, February 8th. They set a “neutral” rating and a $3.00 price objective on the stock. Finally, ValuEngine upgraded shares of Akari Therapeutics from a “strong sell” rating to a “sell” rating in a report on Thursday, November 30th.

Institutional investors and hedge funds have recently bought and sold shares of the company. Endurant Capital Management LP acquired a new position in shares of Akari Therapeutics during the fourth quarter valued at about $871,000. Hikari Power Ltd increased its holdings in shares of Akari Therapeutics by 152.2% during the third quarter. Hikari Power Ltd now owns 151,334 shares of the biopharmaceutical company’s stock valued at $929,000 after acquiring an additional 91,322 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Akari Therapeutics by 125.0% during the fourth quarter. Millennium Management LLC now owns 260,020 shares of the biopharmaceutical company’s stock valued at $1,126,000 after acquiring an additional 144,477 shares in the last quarter. Finally, AWM Investment Company Inc. acquired a new position in shares of Akari Therapeutics during the fourth quarter valued at about $2,962,000. Hedge funds and other institutional investors own 21.05% of the company’s stock.

Shares of Akari Therapeutics (AKTX) traded up $0.02 during trading on Thursday, reaching $2.44. 103,519 shares of the company’s stock were exchanged, compared to its average volume of 223,126. The company has a market capitalization of $28.38, a P/E ratio of -8.71 and a beta of -9.00. Akari Therapeutics has a fifty-two week low of $2.06 and a fifty-two week high of $22.20.

Akari Therapeutics (NASDAQ:AKTX) last announced its earnings results on Monday, November 13th. The biopharmaceutical company reported ($0.09) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.00) by $0.91. sell-side analysts forecast that Akari Therapeutics will post -2.5 EPS for the current fiscal year.

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Akari Therapeutics Company Profile

Akari Therapeutics, Plc, formerly Celsus Therapeutics Plc, is a clinical-stage biopharmaceutical company. It is focused on the development and commercialization of treatments for a range of rare and orphan autoimmune and inflammatory diseases caused by dysregulation of complement component 5 (C5), including paroxysmal nocturnal hemoglobinuria, Guillain Barre syndrome and atypical Hemolytic Uremic Syndrome.

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