Reata Pharmaceuticals - RETA Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Reata Pharmaceuticals in the last year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" RETA shares.
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6 brokerages have issued 12-month price objectives for Reata Pharmaceuticals' shares. Their RETA share price forecasts range from $67.00 to $138.00. On average, they expect the company's stock price to reach $96.89 in the next twelve months. This suggests a possible upside of 6.6% from the stock's current price.
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Reata Pharmaceuticals' stock was trading at $37.99 at the beginning of 2023. Since then, RETA shares have increased by 139.3% and is now trading at $90.92.
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Reata Pharmaceuticals saw a drop in short interest in March. As of March 15th, there was short interest totaling 5,030,000 shares, a drop of 39.8% from the February 28th total of 8,360,000 shares. Based on an average trading volume of 1,420,000 shares, the short-interest ratio is presently 3.5 days. Currently, 18.1% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 9th 2023.
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Reata Pharmaceuticals, Inc. (NASDAQ:RETA) released its quarterly earnings results on Monday, November, 8th. The company reported ($1.97) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($2.32) by $0.35. The business had revenue of $7.40 million for the quarter, compared to analysts' expectations of $2.07 million. Reata Pharmaceuticals had a negative net margin of 9,897.91% and a negative trailing twelve-month return on equity of 922.50%. Reata Pharmaceuticals's quarterly revenue was up 428.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.94) EPS.

ETFs with the largest weight of Reata Pharmaceuticals (NASDAQ:RETA) stock in their portfolio include Direxion Daily Pharmaceutical & Medical Bull 3X Shares (PILL), Invesco DWA Healthcare Momentum ETF (PTH), SPDR S&P Pharmaceuticals ETF (XPH), Virtus LifeSci Biotech Clinical Trials ETF (BBC), 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 IPO 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 served as the underwriters for the IPO.

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

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 $90.92.

Reata Pharmaceuticals (NASDAQ:RETA) has a market capitalization of $3.34 billion and generates $2.22 million in revenue each year. The company earns $-311,900,000.00 in net income (profit) each year or ($8.56) on an earnings per share basis.

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.