Indivior PLC (NASDAQ:INDV - Get Free Report)'s stock price shot up 6.8% during trading on Monday after Craig Hallum raised their price target on the stock from $15.00 to $22.00. Craig Hallum currently has a buy rating on the stock. Indivior traded as high as $14.88 and last traded at $14.90. 1,097,421 shares were traded during trading, a decline of 9% from the average session volume of 1,206,198 shares. The stock had previously closed at $13.95.
Other equities analysts have also issued reports about the company. Piper Sandler cut their target price on Indivior from $16.00 to $13.00 and set an "overweight" rating on the stock in a report on Thursday, March 6th. Wall Street Zen upgraded shares of Indivior from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 21st. Three analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $17.00.
Get Our Latest Stock Analysis on Indivior
Institutional Investors Weigh In On Indivior
A number of hedge funds have recently made changes to their positions in INDV. GF Fund Management CO. LTD. acquired a new stake in Indivior in the fourth quarter worth $36,000. Lazard Asset Management LLC acquired a new stake in Indivior in the 4th quarter valued at approximately $57,000. Schaper Benz & Wise Investment Counsel Inc. WI acquired a new stake in shares of Indivior in the first quarter valued at approximately $95,000. Cannon Global Investment Management LLC acquired a new position in Indivior during the first quarter worth $95,000. Finally, CTC Alternative Strategies Ltd. bought a new position in Indivior in the first quarter valued at $96,000. Institutional investors and hedge funds own 60.33% of the company's stock.
Indivior Stock Performance
The firm's 50-day simple moving average is $12.60 and its 200 day simple moving average is $11.21.
Indivior (NASDAQ:INDV - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.19. Indivior had a negative return on equity of 97.29% and a negative net margin of 4.02%. The business had revenue of $266.00 million during the quarter, compared to analysts' expectations of $240.13 million. On average, sell-side analysts anticipate that Indivior PLC will post 1.22 earnings per share for the current fiscal year.
Indivior Company Profile
(
Get Free Report)
Indivior PLC, together with its subsidiaries, engages in the development, manufacture, and sale of buprenorphine-based prescription drugs for the treatment of opioid dependence and co-occurring disorders in the United States, the United Kingdom, and internationally. The company develops medicines to treat substance use disorders, serious mental illnesses, and opioid overdose.
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