Spero Therapeutics - SPRO Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Spero Therapeutics in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SPRO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SPRO, but not buy additional shares or sell existing shares.
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5 analysts have issued 12 month price targets for Spero Therapeutics' shares. Their SPRO share price forecasts range from $5.00 to $8.00. On average, they expect the company's stock price to reach $6.67 in the next twelve months. This suggests a possible upside of 238.4% from the stock's current price.
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Spero Therapeutics' stock was trading at $16.01 at the beginning of 2022. Since then, SPRO stock has decreased by 87.7% and is now trading at $1.97.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 9th 2022.
View our SPRO earnings forecast.

Spero Therapeutics, Inc. (NASDAQ:SPRO) released its earnings results on Wednesday, November, 10th. The company reported ($0.70) EPS for the quarter, missing analysts' consensus estimates of ($0.66) by $0.04. The firm earned $3.06 million during the quarter, compared to analyst estimates of $3 million. Spero Therapeutics had a negative net margin of 1,147.64% and a negative trailing twelve-month return on equity of 151.75%. During the same period in the previous year, the firm earned ($0.86) EPS.

27 employees have rated Spero Therapeutics Chief Executive Officer Ankit Mahadevia, MD on Glassdoor.com. Ankit Mahadevia, MD has an approval rating of 100% among the company's employees. This puts Ankit Mahadevia, MD in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Spero Therapeutics investors own include Sorrento Therapeutics (SRNE), Matinas BioPharma (MTNB), ADMA Biologics (ADMA), Editas Medicine (EDIT), SCYNEXIS (SCYX), Kadmon (KDMN), Aldeyra Therapeutics (ALDX), KushCo (KSHB), Dynavax Technologies (DVAX) and Zosano Pharma (ZSAN).

(SPRO) raised $75 million in an initial public offering on Thursday, November 2nd 2017. The company issued 5,000,000 shares at $14.00-$16.00 per share. BofA Merrill Lynch, Cowen and Stifel served as the underwriters for the IPO and Oppenheimer & Co. was co-manager.

Spero Therapeutics trades on the NASDAQ under the ticker symbol "SPRO."

Spero Therapeutics' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Renaissance Technologies LLC (2.86%), Millennium Management LLC (0.96%), Goldman Sachs Group Inc. (0.86%), AQR Capital Management LLC (0.47%), Assenagon Asset Management S.A. (0.40%) and State Street Corp (0.31%). Insiders that own company stock include Ankit Mahadevia, Aquilo Capital Management, Llc, Cristina Larkin and Sath Shukla.
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Shares of SPRO 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 SPRO stock can currently be purchased for approximately $1.97.

Spero Therapeutics (NASDAQ:SPRO) has a market capitalization of $69.09 million and generates $18.26 million in revenue each year. The company earns $-89,760,000.00 in net income (profit) each year or ($3.48) on an earnings per share basis.

The company employs 146 workers across the globe.

Spero Therapeutics' mailing address is 675 Massachusetts Avenue 14th Floor, Cambridge MA, 02139. The official website for the company is sperotherapeutics.com. The company can be reached via phone at (857) 242-1600 or via email at ir@sperotherapeutics.com.