Scotiabank Boosts Outlook on Liquidia with a Positive Review
Analyst Predicts Significant Price Increase
On October 16, 2024, Scotiabank began covering Liquidia (MUN:LT4) with a Sector Outperform rating. As of December 21, 2023, analysts estimate the average one-year price target for Liquidia at 13.55 €/share, suggesting a potential upside of 30.05% from the most recent closing price of 10.42 € / share. The price targets vary, with a low of 3.03 € and a high of 21.00 €.
Projected Revenue Shows Strong Growth
Liquidia’s anticipated annual revenue stands at 37 million euros, marking an impressive increase of 148.32%. However, their projected annual non-GAAP earnings per share (EPS) is expected to be -1.19.
Investor Interest Increases
A total of 268 funds or institutions hold shares in Liquidia, reflecting an increase of three investors, or 1.13%, from the previous quarter. The average portfolio weight of all funds invested in LT4 is 0.40%, which has risen by 20.24%. Over the last three months, the total shares owned by institutions grew by 2.35% to reach 47,881K shares.
Key Institutional Shareholders
Caligan Partners remains a significant shareholder, holding 10,361K shares, which accounts for 12.28% ownership. Patient Square Capital also retains a strong position with 7,183K shares, or 8.51% ownership, stable from the last quarter.
Findell Capital Management has increased its holdings to 2,400K shares, representing 2.84% ownership, up from 2,105K shares previously, reflecting a 12.29% increase. In contrast, their overall allocation to LT4 has declined by 14.66% this quarter.
Farallon Capital Management has maintained its holdings at 2,055K shares, representing 2.44% ownership, while VTSMX – Vanguard Total Stock Market Index Fund Investor Shares has increased its holdings to 1,883K shares, or 2.23% ownership, up from 1,533K shares, showing an 18.58% rise, despite a slight decrease in portfolio allocation by 2.83% over the last quarter.
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