Trading Report: Today, DBV Technologies SA (DBVT) Receives $48.17 Consensus Target Price from Analysts

Today, DBV Technologies SA (DBVT) Receives $48.17 Consensus Target Price from Analysts

Shares of DBV Technologies SA (NASDAQ:DBVT) have earned a consensus recommendation of “Buy” from the seven research firms that are presently covering the firm. Seven investment analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have covered the stock in the last year is $48.17.

A number of brokerages recently issued reports on DBVT. Zacks Investment Research raised DBV Technologies SA from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. Leerink Swann restated a “buy” rating and set a $54.00 target price on shares of DBV Technologies SA in a research note on Tuesday, August 23rd. JMP Securities initiated coverage on DBV Technologies SA in a research note on Monday, September 26th. They set an “outperform” rating and a $47.00 target price for the company. Finally, Jefferies Group set a $47.00 target price on DBV Technologies SA and gave the stock a “buy” rating in a research note on Monday, October 24th.

Several hedge funds and other institutional investors have recently made changes to their positions in DBVT. Baker BROS. Advisors LP purchased a new position in shares of DBV Technologies SA during the third quarter worth approximately $200,162,000. Deerfield Management Co. boosted its position in shares of DBV Technologies SA by 113.2% in the second quarter. Deerfield Management Co. now owns 1,743,229 shares of the company’s stock worth $56,864,000 after buying an additional 925,423 shares during the last quarter. Price T Rowe Associates Inc. MD purchased a new position in shares of DBV Technologies SA during the third quarter worth approximately $6,114,000. Exane Asset Management purchased a new position in shares of DBV Technologies SA during the second quarter worth approximately $4,407,000. Finally, Alliancebernstein L.P. boosted its position in shares of DBV Technologies SA by 20.3% in the second quarter. Alliancebernstein L.P. now owns 794,220 shares of the company’s stock worth $25,907,000 after buying an additional 133,953 shares during the last quarter. Institutional investors own 47.40% of the company’s stock.

Shares of DBV Technologies SA (NASDAQ:DBVT) opened at 35.8400 on Tuesday. DBV Technologies SA has a 52 week low of $22.55 and a 52 week high of $37.98.

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