Cybin Inc. (NASDAQ:HELP) Given Consensus Rating of "Buy" by Brokerages

Key Points

• Consensus "Buy": Six analysts cover Cybin with a consensus rating of "Buy" (five Buy, one Strong Buy) and an average 12-month price target of $58.75.
• Big institutional inflows: Millennium Management boosted its stake by 1,388.5% to about 1,028,549 shares (≈$8.41M), and institutional investors now own roughly 17.94% of the stock.
• Valuation and results show risk: Cybin opened at $5.34 (52-week range $4.29–$9.83, market cap $275.7M) and reported a loss of $0.72 per share last quarter, missing estimates, with analysts forecasting a −4.08 EPS for the fiscal year.

Cybin Inc. (NASDAQ:HELP - Get Free Report) has been assigned a consensus rating of "Buy" from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $58.75.

A number of equities analysts have recently weighed in on the stock. TD Cowen began coverage on shares of Cybin in a research report on Monday, April 13th. They issued a "buy" rating for the company. Jefferies Financial Group assumed coverage on shares of Cybin in a research note on Monday, February 2nd. They issued a "buy" rating and a $22.00 target price for the company. Finally, HC Wainwright boosted their price target on Cybin from $55.00 to $95.00 and gave the company a "buy" rating in a report on Monday, March 2nd.

Hedge Funds Weigh In On Cybin

Institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its stake in Cybin by 66.8% in the 2nd quarter. Bank of America Corp DE now owns 29,443 shares of the company's stock worth $247,000 after buying an additional 11,790 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of Cybin by 46.7% during the 2nd quarter. Osaic Holdings Inc. now owns 7,543 shares of the company's stock valued at $63,000 after acquiring an additional 2,400 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Cybin by 1,388.5% during the 4th quarter. Millennium Management LLC now owns 1,028,549 shares of the company's stock worth $8,414,000 after acquiring an additional 959,448 shares during the period. 17.94% of the stock is currently owned by institutional investors and hedge funds.

Cybin Trading Down 3.6%

Cybin stock opened at $5.34 on Friday. The stock's 50-day moving average is $5.47. Cybin has a 52 week low of $4.29 and a 52 week high of $9.83. The stock has a market cap of $275.70 million, a PE ratio of -1.26 and a beta of 0.80.

Cybin (NASDAQ:HELP - Get Free Report) last released its earnings results on Friday, February 13th. The company reported ($0.72) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.53) by ($0.19). Equities research analysts predict that Cybin will post -4.08 EPS for the current fiscal year.

Cybin Company Profile

Cybin Inc is a clinical-stage biopharmaceutical company focused on the development of psychedelic-based therapeutics for the treatment of mental health disorders. Headquartered in Toronto and listed on the NASDAQ under the symbol HELP, Cybin pursues research and development programs intended to harness the therapeutic potential of psychedelic compounds to address conditions with significant unmet need.

The company operates a drug discovery and development platform aimed at creating novel small-molecule psychedelic analogs and tailored formulations.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.