89bio (ETNB) Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 89bio in the last year. There are currently 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" ETNB shares.
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7 brokerages have issued 12-month price objectives for 89bio's shares. Their ETNB share price forecasts range from $24.00 to $50.00. On average, they expect the company's stock price to reach $34.00 in the next twelve months. This suggests a possible upside of 67.5% from the stock's current price.
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89bio's stock was trading at $12.73 at the beginning of 2023. Since then, ETNB shares have increased by 59.5% and is now trading at $20.30.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
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89bio, Inc. (NASDAQ:ETNB) issued its quarterly earnings data on Thursday, May, 4th. The company reported ($0.54) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.56) by $0.02.

ETFs with the largest weight of 89bio (NASDAQ:ETNB) stock in their portfolio include AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), SPDR S&P Biotech ETF (XBI), Invesco Raymond James SB-1 Equity ETF (RYJ), Harbor Health Care ETF (MEDI), Direxion Daily S&P Biotech Bull 3x Shares (LABU), ALPS Medical Breakthroughs ETF (SBIO), iShares Biotechnology ETF (IBB) and ProShares Ultra Nasdaq Biotechnology (BIB).

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

(ETNB) raised $70 million in an initial public offering 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 served as the underwriters for the IPO and Oppenheimer was co-manager.

89bio trades on the NASDAQ under the ticker symbol "ETNB."

89bio's stock is owned by a number of retail and institutional investors. Top institutional investors include State Street Corp (4.21%), Federated Hermes Inc. (3.49%), Suvretta Capital Management LLC (3.03%), Boxer Capital LLC (2.88%), BVF Inc. IL (2.53%) and BlackRock Inc. (1.71%). Insiders that own company stock include Edward Morrow Atkinson III, Gregory Grunberg, Longitude Capital Partners Iii, Michael R Hayden, Ollin B Sykes, Orbimed Advisors Llc, Quoc Le-Nguyen, Ra Capital Management, LP, Ram Waisbourd, Rohan Palekar and Ryan Martins.
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Shares of ETNB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ETNB stock can currently be purchased for approximately $20.30.

89bio (NASDAQ:ETNB) has a market capitalization of $1.48 billion. The company earns $-102,030,000.00 in net income (profit) each year or ($2.82) on an earnings per share basis.

89bio's mailing address is 142 SANSOME STREET SECOND FLOOR, SAN FRANCISCO CA, 94104. The official website for the company is www.89bio.com. The company can be reached via phone at 415-432-9270 or via email at investors@89bio.com.