Spero Therapeutics (SPRO) Issues Earnings Results

Spero Therapeutics (NASDAQ:SPRO) announced its earnings results on Thursday. The company reported ($0.29) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.78) by $0.49, Fidelity Earnings reports. The company had revenue of $7.72 million during the quarter, compared to analysts’ expectations of $1.25 million. Spero Therapeutics had a negative net margin of 1,050.48% and a negative return on equity of 43.63%.

Shares of NASDAQ:SPRO traded up $1.05 during trading on Friday, reaching $12.43. The stock had a trading volume of 16 shares, compared to its average volume of 73,898. The firm has a market cap of $198.27 million, a PE ratio of -4.60 and a beta of 2.70. Spero Therapeutics has a fifty-two week low of $5.52 and a fifty-two week high of $18.23.

A number of brokerages have issued reports on SPRO. Cantor Fitzgerald restated a “buy” rating on shares of Spero Therapeutics in a research report on Tuesday, February 26th. Oppenheimer set a $30.00 price objective on shares of Spero Therapeutics and gave the company a “buy” rating in a research report on Tuesday, February 26th. Zacks Investment Research raised shares of Spero Therapeutics from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Saturday, March 16th. Finally, TheStreet lowered shares of Spero Therapeutics from a “c-” rating to a “d” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Spero Therapeutics has an average rating of “Hold” and an average target price of $21.80.

An institutional investor recently raised its position in Spero Therapeutics stock. Geode Capital Management LLC increased its position in Spero Therapeutics Inc (NASDAQ:SPRO) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,842 shares of the company’s stock after buying an additional 3,876 shares during the period. Geode Capital Management LLC owned about 0.53% of Spero Therapeutics worth $564,000 as of its most recent SEC filing. Institutional investors and hedge funds own 45.83% of the company’s stock.

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Spero Therapeutics Company Profile

Spero Therapeutics, Inc, a clinical-stage biopharmaceutical company, focuses on identifying, developing, and commercializing novel treatments for multi-drug resistant (MDR) bacterial infections in the United States. Its product candidate includes SPR994, an oral carbapenem-class antibiotic to treat MDR gram-negative infections for adults; SPR741, which is in Phase Ib clinical trial to treat MDR gram-negative infections in the hospital setting; SPR206, an agent that is phase I clinical trial to disrupt the outer membrane of gram-negative bacteria; and SPR720, an oral antibiotic, which is in phase I clinical trial for the treatment of pulmonary non-tuberculous mycobacterial infections.

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Earnings History for Spero Therapeutics (NASDAQ:SPRO)

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