Septerna shares hit 52-week high following earnings beat

Septerna, Inc. (NASDAQ: SEPN) recently reached a new 52-week high, with shares trading as high as $40.65. The company reported quarterly earnings that exceeded analyst expectations, posting an earnings per share (EPS) of ($0.29), which beat the consensus estimate of ($0.43).

Revenue for the quarter was reported between $26.52 million and $26.75 million, both of which surpassed analyst estimates. Despite the earnings beat, the company maintains a negative net margin and a negative return on equity.

Wall Street analysts maintain a consensus rating of ‘Moderate Buy’ with an average price target of $45.89. Recent analyst actions include Raymond James Financial raising its price target to $53.00 with a ‘strong-buy’ rating, and Truist Financial increasing its target to $43.00 with a ‘buy’ rating. Conversely, Weiss Ratings has maintained a ‘sell’ rating.