HC Wainwright & Co. Reiterates Dare Bioscience (DARE) Buy Recommendation

Fintel reports that on May 12, 2023, HC Wainwright & Co. reiterated coverage of Dare Bioscience (NASDAQ:DARE) with a Buy recommendation.

Analyst Price Forecast Suggests 463.59% Upside

As of May 11, 2023, the average one-year price target for Dare Bioscience is 5.61. The forecasts range from a low of 3.03 to a high of $8.40. The average price target represents an increase of 463.59% from its latest reported closing price of 1.00.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Dare Bioscience is 11MM, an increase of 13.94%. The projected annual non-GAAP EPS is -0.34.

What is the Fund Sentiment?

There are 48 funds or institutions reporting positions in Dare Bioscience. This is an increase of 2 owner(s) or 4.35% in the last quarter. Average portfolio weight of all funds dedicated to DARE is 0.02%, an increase of 28.33%. Total shares owned by institutions decreased in the last three months by 6.62% to 7,761K shares.

What are Other Shareholders Doing?

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,375K shares representing 2.75% ownership of the company. No change in the last quarter.

VEXMX - Vanguard Extended Market Index Fund Investor Shares holds 958K shares representing 1.11% ownership of the company. In it's prior filing, the firm reported owning 956K shares, representing an increase of 0.20%. The firm decreased its portfolio allocation in DARE by 19.86% over the last quarter.

Geode Capital Management holds 817K shares representing 0.95% ownership of the company. In it's prior filing, the firm reported owning 819K shares, representing a decrease of 0.23%. The firm decreased its portfolio allocation in DARE by 23.41% over the last quarter.

Renaissance Technologies holds 569K shares representing 0.66% ownership of the company. In it's prior filing, the firm reported owning 501K shares, representing an increase of 12.01%. The firm increased its portfolio allocation in DARE by 38.03% over the last quarter.

FSMAX - Fidelity Extended Market Index Fund holds 454K shares representing 0.53% ownership of the company. In it's prior filing, the firm reported owning 456K shares, representing a decrease of 0.42%. The firm increased its portfolio allocation in DARE by 11.89% over the last quarter.

Dare Bioscience Background Information
(This description is provided by the company.)

Daré Bioscience is a clinical-stage biopharmaceutical company committed to the advancement of innovative products for women's health. The company's mission is to identify, develop and bring to market a diverse portfolio of differentiated therapies that expand treatment options, improve outcomes and facilitate convenience for women, primarily in the areas of contraception, vaginal health, sexual health, and fertility.

This story originally appeared on Fintel.