Should I buy or sell 89bio stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 89bio in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ETNB shares. View ETNB analyst ratings or view top-rated stocks .

What is 89bio's stock price target for 2024?

6 Wall Street analysts have issued 12-month price objectives for 89bio's stock. Their ETNB share price targets range from $14.00 to $37.00. On average, they predict the company's stock price to reach $28.83 in the next twelve months. This suggests a possible upside of 217.5% from the stock's current price. View analysts price targets for ETNB or view top-rated stocks among Wall Street analysts .

How have ETNB shares performed in 2024?

89bio's stock was trading at $11.17 at the beginning of the year. Since then, ETNB shares have decreased by 18.7% and is now trading at $9.08. View the best growth stocks for 2024 here .

When is 89bio's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. View our ETNB earnings forecast .

How were 89bio's earnings last quarter?

89bio, Inc. (NASDAQ:ETNB) posted its quarterly earnings results on Thursday, February, 29th. The company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.49) by $0.01.

What ETFs hold 89bio's stock?

ETFs with the largest weight of 89bio (NASDAQ:ETNB) stock in their portfolio include AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC) . Harbor Health Care ETF (MEDI) .

What other stocks do shareholders of 89bio own?

Based on aggregate information from My MarketBeat watchlists, some companies that other 89bio investors own include Cisco Systems (CSCO) , Pfizer (PFE) , CVS Health (CVS) , RTX (RTX) , Alibaba Group (BABA) , Procter & Gamble (PG) , Sorrento Therapeutics (SRNE) , Johnson & Johnson (JNJ) and Thermo Fisher Scientific (TMO) .

89bio (ETNB) raised $70 million in an IPO on the week of November 11th 2019. The company issued 4,400,000 shares at $15.00-$17.00 per share. BofA Merrill Lynch, SVB Leerink and RBC Capital Markets acted as the underwriters for the IPO and Oppenheimer was co-manager.

Who are 89bio's major shareholders?

89bio's stock is owned by many different institutional and retail investors. Top institutional shareholders include Bourgeon Capital Management LLC (0.04%). Insiders that own company stock include Edward Morrow Atkinson III, Gregory Grunberg , Kathleen Laporte, Michael R Hayden, Ollin B Sykes , Orbimed Advisors Llc, Quoc Le-Nguyen, Ra Capital Management, LP, Ram Waisbourd , Rohan Palekar and Ryan Martins . View institutional ownership trends .

How do I buy shares of 89bio?

Shares of ETNB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:ETNB

89bio (ETNB) Stock Price, News & Analysis

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$9.08

+0.20 (+2.25%)

(As of 04/19/2024 ET)

Compare

Today's Range: $8.78
▼
$9.10
50-Day Range: $8.85
▼
$13.77
52-Week Range: $6.57
▼
$22.93

Volume: 1.01 million shs
Average Volume: 736,517 shs
Market Capitalization: $864.60 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $28.83

Get 89bio alerts:

89bio MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 217.5% Upside
$28.83 Price Target
Short Interest: Bearish
12.13% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Acquiring Shares
$20.72 M Bought Last Quarter
Proj. Earnings Growth: Decreasing
From ($2.20) to ($2.86) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.20 out of 5 stars

Medical Sector

752nd out of 911 stocks

Pharmaceutical Preparations Industry

341st out of 420 stocks

4.3

Analyst's Opinion

Consensus Rating
89bio has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
89bio has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
12.13% of the outstanding shares of 89bio have been sold short.
Short Interest Ratio / Days to Cover
89bio has a short interest ratio ("days to cover") of 8.8.
Change versus previous month
Short interest in 89bio has recently increased by 3.96%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
89bio does not currently pay a dividend.
Dividend Growth
89bio does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ETNB.

0.0

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for 89bio this week, compared to 3 articles on an average week.
Search Interest
Only 2 people have searched for ETNB on MarketBeat in the last 30 days. This is a decrease of -85% compared to the previous 30 days.
MarketBeat Follows
Only 5 people have added 89bio to their MarketBeat watchlist in the last 30 days. This is a decrease of -29% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, 89bio insiders have bought 42,916.84% more of their company's stock than they have sold. Specifically, they have bought $20,722,500.00 in company stock and sold $48,173.00 in company stock.
Percentage Held by Insiders
Only 4.40% of the stock of 89bio is held by insiders.

0.0

Earnings and Valuation

Earnings Growth
Earnings for 89bio are expected to decrease in the coming year, from ($2.20) to ($2.86) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of 89bio is -4.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of 89bio is -4.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
89bio has a P/B Ratio of 1.58. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About 89bio Stock (NASDAQ:ETNB)

89bio, Inc., a clinical-stage biopharmaceutical company, focuses on the development and commercialization of therapies for the treatment of liver and cardio-metabolic diseases. Its lead product candidate is pegozafermin, a glycoPEGylated analog of fibroblast growth factor 21 for the treatment of nonalcoholic steatohepatitis; and for the treatment of severe hypertriglyceridemia. The company was incorporated in 2018 and is headquartered in San Francisco, California.

ETNB Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ETNB Stock News Headlines

April 17, 2024 | globenewswire.com

89bio Appoints Biotech Industry Veteran, Martin Babler to its Board of Directors

April 5, 2024 | globenewswire.com

89bio Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

April 20, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

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April 3, 2024 | finance.yahoo.com

89bio Inc CEO Rohan Palekar Sells 52,718 Shares

March 29, 2024 | markets.businessinsider.com

Buy Rating Affirmed for 89bio’s Pegozafermin: A Promising NASH Treatment with Strong Regulatory Endorsements

March 27, 2024 | markets.businessinsider.com

Analysts Are Bullish on These Healthcare Stocks: 89bio (ETNB), Perspective Therapeutics (CATX)

March 27, 2024 | globenewswire.com

89bio Receives EMA PRIME Status for Pegozafermin in the Treatment of Metabolic Dysfunction-Associated Steatohepatitis (MASH) with Fibrosis and Compensated Cirrhosis

March 16, 2024 | finance.yahoo.com

ETNB Apr 2024 12.500 put

April 20, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

March 15, 2024 | markets.businessinsider.com

Analysts Are Bullish on These Healthcare Stocks: 89bio (ETNB), Intuitive Surgical (ISRG)

March 12, 2024 | globenewswire.com

89bio Initiates Phase 3 ENLIGHTEN-Fibrosis Trial of Pegozafermin in Non-Cirrhotic Metabolic Dysfunction-Associated Steatohepatitis (MASH) Patients with Fibrosis

March 10, 2024 | 247wallst.com

Buffett Loads Up on This Stock Again, Plus CEO Insider Buying

March 8, 2024 | globenewswire.com

89bio Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

March 7, 2024 | msn.com

Insider Trading: Director Boosts Stake in 89bio (NASDAQ:ETNB) Stock

March 7, 2024 | markets.businessinsider.com

Buy Rating Reaffirmed for 89bio with Potential Market Edge in Fibrosis and Metabolic Diseases

March 6, 2024 | realmoney.thestreet.com

89bio price target raised by $8 at Evercore ISI, here's why

March 5, 2024 | globenewswire.com

89bio to Participate in the Leerink Partners Global Biopharma Conference

March 5, 2024 | wsj.com

89bio Inc.

March 5, 2024 | finance.yahoo.com

ETNB Mar 2024 20.000 put

March 5, 2024 | finance.yahoo.com

ETNB Mar 2024 20.000 call

March 2, 2024 | finance.yahoo.com

89bio Inc (ETNB) Reports Increased R&D Spend and Strengthened Cash Position in Q4 and Full ...

February 29, 2024 | globenewswire.com

89bio Reports Fourth Quarter and Full Year 2023 Financial Results and Provides Corporate Updates

February 24, 2024 | edition.cnn.com

89bio Inc

February 17, 2024 | ca.finance.yahoo.com

ETNB Mar 2024 15.000 call

February 17, 2024 | finance.yahoo.com

ETNB Mar 2024 7.500 put

February 6, 2024 | finance.yahoo.com

89bio to Participate in the Oppenheimer 34th Annual Healthcare Life Sciences Conference

February 6, 2024 | finanznachrichten.de

89bio, Inc.: 89bio Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

See More Headlines

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Company Calendar

Last Earnings: 2/29/2024
Today: 4/20/2024
Next Earnings (Estimated): 5/02/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Medical
Industry: Pharmaceutical preparations
Sub-Industry: N/A
Current Symbol: NASDAQ:ETNB
CUSIP: N/A
CIK: 1785173
Web: www.89bio.com
Phone: 415-432-9270
Fax: N/A
Employees: 70
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $28.83
High Stock Price Target: $37.00
Low Stock Price Target: $14.00
Potential Upside/Downside: +217.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($2.01)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-142,190,000.00
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: -31.01%
Return on Assets: -27.84%

Debt

Debt-to-Equity Ratio: 0.05
Current Ratio: 20.04
Quick Ratio: 20.04

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $5.75 per share
Price / Book: 1.58

Miscellaneous

Outstanding Shares: 93,500,000
Free Float: 89,387,000
Market Cap: $848.98 million
Optionable: Optionable
Beta: 1.04

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Key Executives

Mr. Rohan Palekar (Age 58)
CEO & Director
Comp: $990.52k
Mr. Quoc Le-Nguyen (Age 56)
Chief Technical Operations Officer & Head of Quality
Comp: $654.44k
Dr. Harry Mansbach M.D. (Age 59)
Chief Medical Officer
Comp: $691.87k
Mr. Ryan Stephen Martins (Age 45)
Chief Financial Officer
Mr. Shiva K. Natarajan CPA (Age 58)
Senior Vice President of Finance & Principal Accounting Officer
Ms. Annie J. Chang M.B.A.
VP of Investor Relations & Corporate Communications
Ms. Amanda Kurihara
Vice President of People & Culture
Ms. Yun Bai Ph.D.
VP and Head of Chemistry, Manufacturing & Controls ( CMC )
Ms. Melissa Abel
Senior Vice President of Commercial Strategy
Mr. Paul Shin
Senior Vice President of R&D Operations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ETNB Stock Analysis - Frequently Asked Questions

Should I buy or sell 89bio stock right now?: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 89bio in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ETNB shares.
View ETNB analyst ratings or view top-rated stocks.
What is 89bio's stock price target for 2024?: 6 Wall Street analysts have issued 12-month price objectives for 89bio's stock. Their ETNB share price targets range from $14.00 to $37.00. On average, they predict the company's stock price to reach $28.83 in the next twelve months. This suggests a possible upside of 217.5% from the stock's current price.
View analysts price targets for ETNB or view top-rated stocks among Wall Street analysts.
How have ETNB shares performed in 2024?: 89bio's stock was trading at $11.17 at the beginning of the year. Since then, ETNB shares have decreased by 18.7% and is now trading at $9.08.
View the best growth stocks for 2024 here.
When is 89bio's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our ETNB earnings forecast.
How were 89bio's earnings last quarter?: 89bio, Inc. (NASDAQ:ETNB) posted its quarterly earnings results on Thursday, February, 29th. The company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.49) by $0.01.
What ETFs hold 89bio's stock?: ETFs with the largest weight of 89bio (NASDAQ:ETNB) stock in their portfolio include AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC).Harbor Health Care ETF (MEDI).

What other stocks do shareholders of 89bio own?: Based on aggregate information from My MarketBeat watchlists, some companies that other 89bio investors own include Cisco Systems (CSCO), Pfizer (PFE), CVS Health (CVS), RTX (RTX), Alibaba Group (BABA), Procter & Gamble (PG), Sorrento Therapeutics (SRNE), Johnson & Johnson (JNJ) and Thermo Fisher Scientific (TMO).
When did 89bio IPO?: 89bio (ETNB) raised $70 million in an IPO on the week of November 11th 2019. The company issued 4,400,000 shares at $15.00-$17.00 per share. BofA Merrill Lynch, SVB Leerink and RBC Capital Markets acted as the underwriters for the IPO and Oppenheimer was co-manager.
Who are 89bio's major shareholders?: 89bio's stock is owned by many different institutional and retail investors. Top institutional shareholders include Bourgeon Capital Management LLC (0.04%). Insiders that own company stock include Edward Morrow Atkinson III, Gregory Grunberg, Kathleen Laporte, Michael R Hayden, Ollin B Sykes, Orbimed Advisors Llc, Quoc Le-Nguyen, Ra Capital Management, LP, Ram Waisbourd, Rohan Palekar and Ryan Martins.
View institutional ownership trends.
How do I buy shares of 89bio?: Shares of ETNB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:ETNB) was last updated on 4/20/2024 by MarketBeat.com Staff

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