Reata Pharmaceuticals (RETA) Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Reata Pharmaceuticals in the last twelve months. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" RETA shares.
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7 equities research analysts have issued twelve-month target prices for Reata Pharmaceuticals' shares. Their RETA share price forecasts range from $75.00 to $120.00. On average, they predict the company's share price to reach $99.89 in the next year. This suggests a possible upside of 13.3% from the stock's current price.
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Reata Pharmaceuticals' stock was trading at $37.99 at the beginning of the year. Since then, RETA shares have increased by 132.2% and is now trading at $88.20.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
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Reata Pharmaceuticals, Inc. (NASDAQ:RETA) announced its quarterly earnings data on Wednesday, May, 10th. The company reported ($3.14) earnings per share for the quarter, missing analysts' consensus estimates of ($2.34) by $0.80. The company had revenue of $0.20 million for the quarter, compared to analysts' expectations of $0.73 million. Reata Pharmaceuticals had a negative trailing twelve-month return on equity of 922.50% and a negative net margin of 9,897.91%.

ETFs with the largest weight of Reata Pharmaceuticals (NASDAQ:RETA) stock in their portfolio include Invesco DWA Healthcare Momentum ETF (PTH), SPDR S&P Pharmaceuticals ETF (XPH), Virtus LifeSci Biotech Clinical Trials ETF (BBC), Direxion Daily Pharmaceutical & Medical Bull 3X Shares (PILL), Invesco Nasdaq Future Gen 200 ETF (QQQS), iShares U.S. Pharmaceuticals ETF (IHE), Principal Healthcare Innovators ETF (BTEC) and Invesco Nasdaq Biotechnology ETF (IBBQ).

10 employees have rated Reata Pharmaceuticals Chief Executive Officer Warren Huff on Glassdoor.com. Warren Huff has an approval rating of 92% among the company's employees. This puts Warren Huff in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Reata Pharmaceuticals investors own include Approach Resources (AREX), Precision Drilling (PDS), First Financial Bankshares (FFIN), Synlogic (SYBX), NVIDIA (NVDA), Basic Energy Services (BAS), Sarepta Therapeutics (SRPT), Gilead Sciences (GILD), Inovio Pharmaceuticals (INO) and Archrock (AROC).

(RETA) raised $60 million in an initial public offering on Thursday, May 26th 2016. The company issued 4,000,000 shares at $14.00-$16.00 per share. Citigroup, Cowen and Company and Piper Jaffray acted as the underwriters for the IPO.

Reata Pharmaceuticals trades on the NASDAQ under the ticker symbol "RETA."

Reata Pharmaceuticals' stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.02%), Perceptive Advisors LLC (5.91%), First Light Asset Management LLC (4.32%), Deutsche Bank AG (4.07%), Wellington Management Group LLP (3.87%) and State Street Corp (1.72%). Insiders that own company stock include Andrea Loewen, Bhaskar Anand, Colin John Meyer, Dawn Carter Bir, Elaine Castellanos, James Warren Huff, Manmeet Singh Soni, Michael D Wortley, Samina Khan and Shamim Ruff.
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Shares of RETA 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 RETA stock can currently be purchased for approximately $88.20.

Reata Pharmaceuticals (NASDAQ:RETA) has a market capitalization of $3.31 billion and generates $2.22 million in revenue each year.

The company employs 346 workers across the globe.

Reata Pharmaceuticals' mailing address is 5320 LEGACY DRIVE, PLANO TX, 75024. The official website for the company is www.reatapharma.com. The company can be reached via phone at (972) 865-2219 or via email at ir@reatapharma.com.