AP

ARS Pharmaceuticals, Inc.

SPRY·NASDAQ

$9.07

+1.9%
HealthcareBiotechnology

ARS Pharmaceuticals, Inc. develops ARS-1, a novel intranasal epinephrine spray with absorption technology for patients and their families at-risk of severe allergic reactions to food, medications, and insect bites. Its product includes Neffy, a low-dose intranasal epinephrine nasal spray. The company was incorporated in 2015 and is based in San Diego, California.

At a Glance

Live Snapshot
Market Cap$900.68M
EPS-1.7400
P/E Ratio-5.21
Earnings Date08/12/2026
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ARS Pharmaceuticals, Inc. Street Expectations Map

SPRY · NASDAQ

Wall Street analysts project that SPRY stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 25.50, with estimates ranging from a low of 25.00 to a high of 26.00.

Lowest Target
25.00
175.63%
Consensus Target
25.50
181.15%
Highest Target
26.00
186.66%

The consensus 1-year price target stands at 25.50, with estimates ranging from a low of 25.00 to a high of 26.00.

Analyst Consensus Analysis

Upside Potential

+181.2%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

3.9% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

Very High

Strong buy conviction: High upside with tight consensus suggests compelling investment opportunity backed by analyst confidence.

Market Sentiment Insight

Rare opportunity: Exceptional upside potential with strong analyst consensus creates a compelling setup. The combination of significant price target premium and tight agreement suggests high-conviction undervaluation that may attract institutional capital.

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ARS Pharmaceuticals, Inc. Forward Estimates of Revenue

SPRY · NASDAQ
Latest Revenue
84.28M
FY 2025
Avg Estimate
149.35M
FY 2026
Estimate Range
126.89M - 166.03M
Analyst Spread

Forward Growth Analysis

Projected Growth+77.2%

Strong growth expectations signal robust business momentum and market opportunity expansion.

Analyst Coverage4 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread26%

Moderate uncertainty in forecasts—typical for companies with evolving business models.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

Key Insight

Limited coverage with volatile estimates: Few analysts covering despite significant projected changes may indicate information gaps or emerging risks.

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ARS Pharmaceuticals, Inc. Forward Estimates of Net Income

SPRY · NASDAQ
Latest Net Income
-171.30M
FY 2025
Avg Estimate
-179.35M
FY 2026
Estimate Range
-202.06M - -116.31M
Analyst Spread

Forward Growth Analysis

Projected Growth-4.7%

Declining expectations indicate headwinds—investigate whether temporary or structural issues.

Analyst Coverage4 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread48%

Wide estimate range reveals significant forecast uncertainty and potential volatility.

OutlookCautious

Analyst skepticism evident—carefully evaluate risks before investment decisions.

Key Insight

Declining estimates with wide disagreement: Analysts projecting contraction without consensus signals significant business uncertainty—exercise caution.

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ARS Pharmaceuticals, Inc. Forward Estimates of EPS

SPRY · NASDAQ
Latest EPS
-1.74
FY 2025
Avg Estimate
$-1.75
FY 2026
Estimate Range
$-2.05 - $-1.18
Analyst Spread

Forward Growth Analysis

Projected Growth-0.6%

Declining expectations indicate headwinds—investigate whether temporary or structural issues.

Analyst Coverage4 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread50%

Wide estimate range reveals significant forecast uncertainty and potential volatility.

OutlookCautious

Analyst skepticism evident—carefully evaluate risks before investment decisions.

Key Insight

Declining estimates with wide disagreement: Analysts projecting contraction without consensus signals significant business uncertainty—exercise caution.

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ARS Pharmaceuticals, Inc. Forward Estimates of EBIT

SPRY · NASDAQ
Latest EBIT
-179.45M
FY 2025
Avg Estimate
-120.51M
FY 2026
Estimate Range
-133.97M - -102.39M
Analyst Spread

Forward Growth Analysis

Projected Growth+32.8%

Strong growth expectations signal robust business momentum and market opportunity expansion.

Analyst Coverage4 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread26%

Moderate uncertainty in forecasts—typical for companies with evolving business models.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

Key Insight

Limited coverage with volatile estimates: Few analysts covering despite significant projected changes may indicate information gaps or emerging risks.

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ARS Pharmaceuticals, Inc. Forward Estimates of EBITDA

SPRY · NASDAQ
Latest EBITDA
-178.08M
FY 2025
Avg Estimate
-120.49M
FY 2026
Estimate Range
-133.94M - -102.36M
Analyst Spread

Forward Growth Analysis

Projected Growth+32.3%

Strong growth expectations signal robust business momentum and market opportunity expansion.

Analyst Coverage4 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread26%

Moderate uncertainty in forecasts—typical for companies with evolving business models.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

Key Insight

Limited coverage with volatile estimates: Few analysts covering despite significant projected changes may indicate information gaps or emerging risks.

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ARS Pharmaceuticals, Inc. Forward Estimates of SG&A Expense

SPRY · NASDAQ
Latest SG&A Expense
230.12M
FY 2025
Avg Estimate
47.61B
FY 2026
Estimate Range
40.45B - 52.93B
Analyst Spread

Forward Growth Analysis

Projected Growth+20588.7%

Strong growth expectations signal robust business momentum and market opportunity expansion.

Analyst Coverage4 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread26%

Moderate uncertainty in forecasts—typical for companies with evolving business models.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

Key Insight

Limited coverage with volatile estimates: Few analysts covering despite significant projected changes may indicate information gaps or emerging risks.

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ARS Pharmaceuticals, Inc. Insider Positioning

SPRY · NASDAQ

During the last 12 months, insiders have sold $1.20M worth of SPRY shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

51.8K

457.41K

Net Activity

-457K

-$457K

9-12 Months

Bought

0

0.00

Sold

62.5K

743.10K

Net Activity

-743K

-$743K

Top Buyers

No buying activity

Top Sellers

1
LRE

Lowenthal Richard E

Director, 10 Percent Owner, Officer: President And Ceo

50.0K shares1 transactions

$724K

2
CJ

Chakma Justin

Officer: Chief Business Officer

30.0K shares1 transactions

$267K

3
DB

Dorsey Brian

Officer: Chief Operating Officer

21.8K shares1 transactions

$190K

4
SKD

Scott Kathleen D.

Officer: Chief Financial Officer

12.5K shares1 transactions

$19K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $1.20M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Insider Participation

High Selling

4 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.