Bio Blast Pharma Ltd. (ORPN) Upgraded at Zacks Investment Research

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Bio Blast Pharma Ltd. (NASDAQ:ORPN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The brokerage currently has a $2.00 price target on the biopharmaceutical company’s stock. Zacks Investment Research’s price target indicates a potential upside of 16.96% from the company’s previous close.
According to Zacks, “Bio Blast Pharma Ltd. is a clinical-stage biotechnology company. It engages in developing therapies for patients with rare and ultra-rare genetic diseases. Bio Blast products include Cabaletta to treat oculopharyngeal muscular dystrophy, Machado Joseph disease or SCA3, and Kennedy’s disease or SBMA; BBrm to treat diseases caused by nonsense mutation; and mPRT to treat mitochondrial protein deficiency diseases. The Company offers its products to the healthcare and medical industries. Bio Blast Pharma Ltd. is headquartered in Tel Aviv, Israel. “
ORPN has been the topic of several other research reports. Roth Capital reiterated a “buy” rating and issued a $15.00 target price on shares of Bio Blast Pharma in a research note on Friday, August 26th. Rodman & Renshaw reiterated a “buy” rating on shares of Bio Blast Pharma in a research note on Monday, July 11th. Five investment analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average price target of $19.40.

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Shares of Bio Blast Pharma (NASDAQ:ORPN) traded down 2.29% on Tuesday, reaching $1.71. 67,879 shares of the company’s stock were exchanged. Bio Blast Pharma has a one year low of $1.50 and a one year high of $7.95. The company’s 50 day moving average is $1.70 and its 200-day moving average is $2.04. The stock’s market cap is $28.03 million.
Bio Blast Pharma (NASDAQ:ORPN) last posted its earnings results on Thursday, August 25th. The biopharmaceutical company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.05. During the same period in the previous year, the business posted ($0.26) earnings per share. On average, analysts anticipate that Bio Blast Pharma will post ($1.03) EPS for the current year.
An institutional investor recently bought a new position in Bio Blast Pharma stock. Sabby Management LLC bought a new stake in Bio Blast Pharma Ltd. (NASDAQ:ORPN) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,133,937 shares of the biopharmaceutical company’s stock, valued at approximately $2,824,000. Sabby Management LLC owned 7.97% of Bio Blast Pharma as of its most recent SEC filing. Hedge funds and other institutional investors own 7.82% of the company’s stock.
About Bio Blast Pharma
Bio Blast Pharma Ltd. (BioBlast) is a development-stage biopharmaceutical company. The Company is focused on the identification, licensing, acquisition, development and commercialization of drugs for rare and ultra-rare genetic and metabolic diseases. It focuses on therapeutic platforms that offer solutions for several diseases that share a common pathophysiological mechanism, which are the functional changes that accompany a particular syndrome or disease.

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