Brokerages Expect Vistagen Therapeutics Inc (VTGN) to Post -$0.28 Earnings Per Share

Equities analysts predict that Vistagen Therapeutics Inc (NASDAQ:VTGN) will post earnings of ($0.28) per share for the current quarter, according to Zacks. Zero analysts have made estimates for Vistagen Therapeutics’ earnings. Vistagen Therapeutics reported earnings of ($0.32) per share in the same quarter last year, which indicates a positive year over year growth rate of 12.5%. The business is expected to announce its next quarterly earnings report on Thursday, July 5th.

On average, analysts expect that Vistagen Therapeutics will report full year earnings of ($1.08) per share for the current financial year. For the next fiscal year, analysts anticipate that the business will post earnings of ($1.09) per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Vistagen Therapeutics.

Several analysts recently issued reports on VTGN shares. Oppenheimer started coverage on Vistagen Therapeutics in a report on Thursday, May 24th. They issued a “buy” rating and a $6.00 price target for the company. Zacks Investment Research upgraded Vistagen Therapeutics from a “hold” rating to a “buy” rating and set a $1.25 price target for the company in a report on Friday, March 30th. Finally, UBS Group started coverage on Vistagen Therapeutics in a research note on Thursday, May 24th. They set an “outperform” rating and a $6.00 target price for the company.

Shares of Vistagen Therapeutics traded down $0.04, hitting $1.45, during trading hours on Monday, according to Marketbeat. The stock had a trading volume of 200 shares, compared to its average volume of 960,750. The firm has a market capitalization of $32.52 million, a P/E ratio of -0.95 and a beta of 0.29. Vistagen Therapeutics has a 12-month low of $0.69 and a 12-month high of $2.65.

Institutional investors have recently made changes to their positions in the company. Sabby Management LLC acquired a new stake in shares of Vistagen Therapeutics during the fourth quarter valued at about $2,352,000. Sphera Funds Management LTD. grew its stake in shares of Vistagen Therapeutics by 17.8% during the fourth quarter. Sphera Funds Management LTD. now owns 1,247,251 shares of the company’s stock valued at $1,384,000 after acquiring an additional 188,865 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Vistagen Therapeutics by 131.6% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 104,414 shares of the company’s stock valued at $116,000 after acquiring an additional 59,338 shares in the last quarter. Institutional investors own 9.43% of the company’s stock.

About Vistagen Therapeutics

VistaGen Therapeutics, Inc, a clinical-stage biopharmaceutical company, engages in developing and commercializing medicines for depression and other central nervous system (CNS) disorders. The company's lead product candidate is AV-101, which is in Phase II development stage, an adjunctive treatment used for major depressive disorder.

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