Akari Therapeutics PLC (AKTX) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of Akari Therapeutics PLC (NASDAQ:AKTX) from a sell rating to a hold rating in a research report sent to investors on Monday morning.

According to Zacks, “Akari Therapeutics PLC is a biopharmaceutical company. It focused on the development and commercialization of innovative therapeutics to treat orphan autoimmune and inflammatory diseases. The Company’s lead drug consist of Coversin is a recombinant small protein, which acts on complement component-C5, preventing release of C5a and formation of C5b-9. Akari Therapeutics PLC, formerly known as Celsus Therapeutics Plc, is based in London, United Kingdom. “

A number of other equities research analysts have also issued reports on the company. ValuEngine raised Akari Therapeutics PLC from a strong sell rating to a sell rating in a research note on Monday, September 11th. Canaccord Genuity reissued a buy rating and set a $15.00 price target on shares of Akari Therapeutics PLC in a research note on Friday, September 22nd. William Blair raised Akari Therapeutics PLC from a market perform rating to an outperform rating in a research note on Friday, September 22nd. Finally, Chardan Capital reissued a neutral rating and set a $2.50 price target (down from $6.00) on shares of Akari Therapeutics PLC in a research note on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $8.00.

Akari Therapeutics PLC (NASDAQ:AKTX) opened at $4.38 on Monday. Akari Therapeutics PLC has a 1-year low of $3.18 and a 1-year high of $22.20.

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An institutional investor recently bought a new position in Akari Therapeutics PLC stock. Hikari Power Ltd purchased a new position in shares of Akari Therapeutics PLC (NASDAQ:AKTX) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 60,012 shares of the biopharmaceutical company’s stock, valued at approximately $277,000. Hikari Power Ltd owned about 0.51% of Akari Therapeutics PLC as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 26.97% of the company’s stock.

Akari Therapeutics PLC 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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