Wall Street Zen upgraded Liquidia Technologies (NASDAQ: LQDA) from Hold to Buy. The broader analyst consensus remains at Hold with an average price target of $98.08. Shares opened at $66.88, representing a 2.2% decline.
Quarterly revenue surged 1,842.1% year-over-year to $171.68 million. Earnings per share reached $0.74, slightly missing analyst expectations.
Institutional investors and hedge funds recently increased their positions in the company. Insiders sold 722,519 shares for approximately $55.7 million during the last quarter.