BidaskClub Lowers DBV TECHNOLOGIE/S (NASDAQ:DBVT) to Strong Sell

BidaskClub lowered shares of DBV TECHNOLOGIE/S (NASDAQ:DBVT) from a sell rating to a strong sell rating in a report released on Saturday morning, BidAskClub reports.

Several other research analysts also recently weighed in on DBVT. Zacks Investment Research raised shares of DBV TECHNOLOGIE/S from a hold rating to a buy rating and set a $10.00 target price for the company in a research note on Wednesday, April 10th. JMP Securities reissued a buy rating and issued a $20.00 target price on shares of DBV TECHNOLOGIE/S in a research note on Wednesday, March 6th. Goldman Sachs Group began coverage on shares of DBV TECHNOLOGIE/S in a research note on Monday, June 17th. They issued a buy rating and a $14.00 target price for the company. Finally, Stifel Nicolaus reissued a hold rating and issued a $10.00 target price on shares of DBV TECHNOLOGIE/S in a research note on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $14.67.

DBV TECHNOLOGIE/S stock opened at $8.67 on Friday. DBV TECHNOLOGIE/S has a 52 week low of $3.60 and a 52 week high of $25.77. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.30 and a current ratio of 3.34. The stock has a 50-day simple moving average of $8.79.

A number of hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its stake in DBV TECHNOLOGIE/S by 334.1% in the 4th quarter. Bank of New York Mellon Corp now owns 1,645,000 shares of the company’s stock valued at $10,561,000 after purchasing an additional 1,266,041 shares during the last quarter. First Midwest Bank Trust Division raised its stake in DBV TECHNOLOGIE/S by 14.5% in the 1st quarter. First Midwest Bank Trust Division now owns 1,131,884 shares of the company’s stock valued at $8,727,000 after purchasing an additional 142,993 shares during the last quarter. Bailard Inc. acquired a new position in shares of DBV TECHNOLOGIE/S during the 1st quarter valued at about $2,675,000. Exane Asset Management increased its stake in shares of DBV TECHNOLOGIE/S by 46.4% during the 1st quarter. Exane Asset Management now owns 205,000 shares of the company’s stock valued at $1,581,000 after acquiring an additional 65,000 shares during the last quarter. Finally, Premier Asset Management LLC acquired a new position in shares of DBV TECHNOLOGIE/S during the 4th quarter valued at about $1,121,000. 46.56% of the stock is owned by hedge funds and other institutional investors.

About DBV TECHNOLOGIE/S

DBV Technologies SA, a clinical-stage biopharmaceutical company, engages in the research and development of epicutaneous immunotherapy products. Its lead product candidate is Viaskin Peanut, an immunotherapy product, which has completed Phase III clinical trial for the treatment of peanut allergies in children, adolescents, and adults.

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Analyst Recommendations for DBV TECHNOLOGIE/S (NASDAQ:DBVT)

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