Spero Therapeutics Inc. [SPRO] Chief Financial Officer makes an insider purchase of 6,017 shares worth 5378.0.

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Spero Therapeutics Inc. shares valued at $5,378 were sold by Shukla Sath on Aug 29. At $0.89 per share, Shukla Sath sold 6,017 shares. The insider’s holdings dropped to 56,064 shares worth approximately $0.12 million following the completion of this transaction.

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Also, Aquilo Capital Management, LLC purchased 39,727 shares, netting a total of over 207,971 in proceeds. Following the buying of shares at $5.24 each, the insider now holds 5,321,231 shares.

Before that, Aquilo Capital Management, LLC had added 50,000 shares to its account. In a trade valued at $439,420, the 10% Owner bought Spero Therapeutics Inc. shares for $8.79 each. Upon closing the transaction, the insider’s holdings increased to 50,000 shares, worth approximately $11.62 million.

As published in a research note from Oppenheimer on October 01, 2021, Spero Therapeutics Inc. [SPRO] has been rated down from an Outperform to a Perform. Analysts at H.C. Wainwright resumed the stock at ‘”a Buy”‘ outlook in a report released in late January. As of December 16, 2020, Berenberg has initiated its “Buy” rating for SPRO. Earlier on September 29, 2020, Evercore ISI initiated its rating. Their recommendation was “an Outperform” for SPRO stock.

Analyzing SPRO’s Price Performance

On Thursday, Spero Therapeutics Inc. [NASDAQ: SPRO] rose 167.74% to $2.20. The stock’s lowest price that day was $1.85, but it reached a high of $3.18 in the same session. During the last five days, there has been a surge of approximately 126.80%. Over the course of the year, Spero Therapeutics Inc. shares have dropped approximately -86.26%. Shares of the company reached a 52-week high of $16.3000 on 01/03/22 and a 52-week low of $0.6800 on 08/02/22. A 50-day SMA is recorded $0.9000, while a 200-day SMA reached $5.6000. Nevertheless, trading volume fell to 216.52 million shares from 0.48 million shares the previous day.

Support And Resistance Levels for Spero Therapeutics Inc. (SPRO)

According to the 24-hour chart, there is a support level at 1.6400, which, if violated, would cause prices to drop to 1.0800. In the upper region, resistance lies at 2.9700. The next price resistance is at 3.7400. RSI (Relative Strength Index) is 76.58 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.2100, which suggests the price will decrease in the coming days. Percent R is at 39.71%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Spero Therapeutics Inc. subject to short interest?

Stocks of Spero Therapeutics Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.86 million shares to 0.56 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 1.42 million shares. A decline of -154.56% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.36 of the overall float, the days-to-cover ratio (short ratio) decline to 1.36.

Which companies own the most shares of Spero Therapeutics Inc. (SPRO)?

According to Aquilo Capital Management LLC filings, the company currently owns 5,321,231 shares, which is about 15.17% of the total SPRO shares outstanding. The investor’s shares have appreciated by 39,727 from its previous 13-F filing of 5281504.0 shares. With the completion of the buy transaction, BVF Partners LP’s stake is now worth $2,493,319. The Vanguard Group, Inc. reduced a -6.90% interest valued at $1.0 million while Renaissance Technologies LLC purchased a 829,917 stake. A total of -220,203 shares of Spero Therapeutics Inc. were bought by Rock Springs Capital Management L during the quarter, and -988,073 were sold by BlackRock Fund Advisors. In its current portfolio, D. E. Shaw & Co. LP holds 649,334 shares valued at $0.52 million.

In terms of Spero Therapeutics Inc. share price expectations, FactSet research, analysts set an average price target of $6.67 in the next 12 months, up nearly 753.66% from the previous closing price of $0.82. Analysts anticipate Spero Therapeutics Inc. stock to reach $8.00 by 2022, with the lowest price target being $5.00. In spite of this, 4 analysts ranked Spero Therapeutics Inc. stock as an Overweight at the end of 2022. On November 05, 2019, H.C. Wainwright assigned a price target of “a Buy” to the stock and reiterated coverage with a $35.


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