Akari Therapeutics PLC (NASDAQ:AKTX) Receives “Neutral” Rating from Chardan Capital

Akari Therapeutics PLC (NASDAQ:AKTX)‘s stock had its “neutral” rating reissued by stock analysts at Chardan Capital in a research note issued on Friday. They presently have a $2.50 price target on the biopharmaceutical company’s stock, down from their previous price target of $6.00. Chardan Capital’s price objective suggests a potential downside of 27.49% from the company’s current price.

A number of other research firms also recently weighed in on AKTX. William Blair downgraded Akari Therapeutics PLC from an “outperform” rating to a “market perform” rating in a research note on Friday, May 12th. Zacks Investment Research downgraded Akari Therapeutics PLC from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 23rd. Finally, Canaccord Genuity reissued a “buy” rating and issued a $15.00 price target (down previously from $33.00) on shares of Akari Therapeutics PLC in a research note on Monday, June 26th.

Shares of Akari Therapeutics PLC (NASDAQ:AKTX) opened at 3.4477 on Friday. Akari Therapeutics PLC has a 12 month low of $3.37 and a 12 month high of $22.20. The stock’s 50 day moving average price is $4.51 and its 200-day moving average price is $7.71. The firm’s market capitalization is $40.60 million.

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An institutional investor recently raised its position in Akari Therapeutics PLC stock. VHCP Management II LLC increased its position in shares of Akari Therapeutics PLC (NASDAQ:AKTX) by 15.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 426,297 shares of the biopharmaceutical company’s stock after buying an additional 56,807 shares during the period. Akari Therapeutics PLC makes up 0.8% of VHCP Management II LLC’s investment portfolio, making the stock its 13th largest position. VHCP Management II LLC owned 3.62% of Akari Therapeutics PLC worth $1,965,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 28.75% of the company’s stock.

Akari Therapeutics PLC Company Profile

Akari Therapeutics, Plc, formerly Celsus Therapeutics Plc, is a clinical-stage biopharmaceutical company. It is focused on the development and commercialization of treatments for a range of rare and orphan autoimmune and inflammatory diseases caused by dysregulation of complement component 5 (C5), including paroxysmal nocturnal hemoglobinuria, Guillain Barre syndrome and atypical Hemolytic Uremic Syndrome.

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