ARS Pharmaceuticals (NASDAQ:SPRY) Posts Earnings Results, Beats Estimates By $0.61 EPS

ARS Pharmaceuticals (NASDAQ:SPRY - Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.61, Zacks reports.Get ARS Pharmaceuticals alerts:ARS Pharmaceuticals Price PerformanceNASDAQ SPRY traded up $2.82 on Thursday, reaching $14.47. 4,254,858 shares of the company's stock traded hands, compared to its average volume of 1,017,073. The stock has a market cap of $1.41 billion, a PE ratio of -29.07 and a beta of 1.03. ARS Pharmaceuticals has a 12 month low of $7.55 and a 12 month high of $18.51. The stock has a 50-day simple moving average of $11.98 and a 200 day simple moving average of $13.03. Wall Street Analysts Forecast GrowthSPRY has been the subject of a number of recent analyst reports. William Blair reaffirmed an "outperform" rating on shares of ARS Pharmaceuticals in a report on Monday, March 3rd. Oppenheimer initiated coverage on shares of ARS Pharmaceuticals in a report on Monday, February 10th. They set an "outperform" rating and a $40.00 target price on the stock. Leerink Partners raised their price target on shares of ARS Pharmaceuticals from $26.00 to $27.00 and gave the company an "outperform" rating in a report on Monday, January 13th. Scotiabank assumed coverage on shares of ARS Pharmaceuticals in a report on Friday, March 7th. They issued a "sector outperform" rating and a $30.00 price target on the stock. Finally, Raymond James increased their price objective on ARS Pharmaceuticals from $26.00 to $28.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, January 14th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, ARS Pharmaceuticals presently has a consensus rating of "Buy" and a consensus price target of $31.00.Read Our Latest Research Report on ARS PharmaceuticalsInsider Transactions at ARS PharmaceuticalsIn related news, Director Laura Shawver sold 49,600 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $11.21, for a total transaction of $556,016.00. Following the transaction, the director now owns 210,346 shares of the company's stock, valued at approximately $2,357,978.66. This trade represents a 19.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders sold 149,600 shares of company stock worth $1,726,516. 40.10% of the stock is currently owned by insiders. About ARS Pharmaceuticals (Get Free Report)ARS Pharmaceuticals, Inc, a biopharmaceutical company, develops treatments for severe allergic reactions. The company is developing neffy, a needle-free and low-dose intranasal epinephrine nasal spray for the emergency treatment of Type I allergic reactions, including anaphylaxis. It serves healthcare professionals, patients, and caregivers.Further ReadingFive stocks we like better than ARS PharmaceuticalsAsset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?Everything About Amazon Stock Signals a Buy—Time to Load Up?Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?5 Reasons Five Below’s Stock Price Is Heading Higher This Year3 Must-Buy Warren Buffett Stocks for Volatile TimesBroadcom: Why the Chip Stock Remains a Top Long-Term AI PlayThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in ARS Pharmaceuticals Right Now?Before you consider ARS Pharmaceuticals, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ARS Pharmaceuticals wasn't on the list.While ARS Pharmaceuticals currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here