Verona Pharma (NASDAQ:VRNA) Stock Price Up 3.4% - Still a Buy?

Market Beat
2024.11.19 19:02
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Verona Pharma's stock (NASDAQ:VRNA) rose 3.4% to $0.14, with a trading volume significantly lower than average. Analysts have given the stock a "buy" rating, with target price increases from HC Wainwright, Canaccord Genuity, Truist Financial, and Wells Fargo. The company reported a loss of $0.56 EPS, missing estimates, but had revenue of $1.62 million. Insider selling occurred, with CFO and CEO reducing their stakes. Institutional ownership is high at 85.88%. Verona Pharma focuses on therapies for respiratory diseases, with its main product candidate being ensifentrine.