Biohaven Ltd. (BHVN)

Watch
Watch: carries more cash than debt
$15.41
Last close
-0.7%
1-year return
BHVN Bull Case vs. Bear Case

A data-driven read of BHVN's strengths and risk factors, built from its financials, earnings history, analyst activity, and insider trading, not opinion or speculation.

Strengths
Holds more cash & investments than debt (net cash position).
Cluster insider buying on record: 1 instance(s) of 2+ insiders buying within a 30-day window.
Watch Items
Free cash flow was negative in the most recent year.
Share count grew 31.2% year over year, meaningful dilution.
On a 3-quarter EPS miss streak.
Beats EPS estimates only 22% of the time.
Largest EPS miss on record is -104.6%.
Who's Bullish on BHVN, and Who Isn't

Five independent market signals, analysts, institutions, insiders, short sellers, and price trend, each scored from real, current data. See exactly where the smart money agrees, and where it's split.

All 5 available signals lean the same direction: bullish.

Institutions
19.57M shares net this 13F cycle
Insiders
Net buying
Analysts
Moderate Buy consensus, 9 analysts
Short Sellers
Short interest falling, 3 straight reports
Price Trend
Uptrend, price above a rising 50-day average
Valuation check: Revenue growth trend and analyst price target trend are roughly in line.
BHVN's Biggest Trading Days

Every trading day in the last 2 years where BHVN moved 4% or more in a single session, most recent first, a quick read on how volatile this stock has really been. See full daily price history →

DateMoveClose
Aug 28, 2026-4.40%$15.41
Aug 27, 2026-4.90%$16.12
Aug 26, 2026+17.87%$16.95
Aug 25, 2026+5.12%$14.38
Aug 20, 2026-4.53%$13.50
Aug 6, 2026+5.80%$14.42
Jul 28, 2026-5.10%$13.77
Jul 22, 2026-4.90%$14.75
Jul 21, 2026+4.37%$15.51
Jul 17, 2026+8.96%$15.44
Jul 16, 2026-4.64%$14.17
Jul 10, 2026-7.39%$15.55
Jul 8, 2026+7.01%$16.64
Jul 1, 2026+5.91%$15.76
Jun 29, 2026-5.56%$14.95
Jun 23, 2026-4.65%$14.78
Jun 22, 2026+14.22%$15.50
Jun 17, 2026+12.66%$13.62
Jun 15, 2026+7.62%$12.14
Jun 5, 2026-5.26%$10.80
Jun 4, 2026+5.46%$11.40
Jun 3, 2026+6.71%$10.81
Jun 2, 2026-11.37%$10.13
May 29, 2026+7.52%$11.01
May 28, 2026-9.30%$10.24

Showing the 25 most recent of 154 on record. Full history is on the Price Insights page.

The BHVN Timeline: Earnings, Insider Trades & Analyst Calls

Every major event from the past 12 months, earnings reports, insider transactions, and analyst upgrades or downgrades, merged into a single chronological feed so you can see what clustered together.

EAug 10, 2026Q2 '26 earnings: missed EPS-19.6% surprise
RJun 29, 2026BofA Securities: DowngradeUnderperform
EMay 4, 2026Q1 '26 earnings: missed EPS-6.3% surprise
EMar 2, 2026Q4 '25 earnings: missed EPS-1.9% surprise
RJan 21, 2026RBC Capital Mkts: UpgradeOutperform
RDec 3, 2025H.C. Wainwright: DowngradeNeutral
RNov 26, 2025UBS: DowngradeNeutral
INov 17, 2025Clark George C.: Purchase$145K
INov 13, 2025Coric Vlad: Purchase$5,000K
INov 13, 2025CHILDS JOHN W: Purchase$25,000K
INov 13, 2025Bailey Gregory: Purchase$3,000K
ENov 10, 2025Q3 '25 earnings: beat EPS+13.8% surprise
RNov 6, 2025Bernstein: DowngradeMkt Perform
RNov 5, 2025BofA Securities: DowngradeNeutral
Sector
Healthcare
Industry
Biotechnology
Exchange
NYSE

Biohaven Ltd., a biopharmaceutical company, focuses on the discovery, development, and commercialization of treatments for immunology, neuroscience, and oncology therapeutic areas worldwide. It develops BHV-1300, which is in Phase 2 clinical trial to treat Graves' disease and rheumatoid arthritis; BHV-1400 that is in Phase 2 clinical trial for treating IgA nephropathy; BHV-1600, which is in Phase 1 clinical trial for the treatment of peripartum cardiomyopathy; BHV-8000 that is in Phase 3 clinical trial for treating Parkinson's disease; Opakalim, which is in Phase 3 clinical trial for the treatment of focal epilepsy; BHV-2100 that is in Phase 2 clinical trial for the treatment of pain disorders; and BHV-2000, which is in Phase 2 clinical trial for treating obesity. The company is also developing BHV-1510 that is in Phase 2 clinical trial for the treatment of advanced or metastatic epithelial tumors; and BHV-1530, which is in Phase 2 clinical trial for treating urothelial cancer and other tumors. In addition, its preclinical product pipeline includes BHV-1310 for treating myasthenia gravis; BHV-1320 for treating immune mediated-diseases; BHV-1450 for treating Pemphigus, MuSK MG, and LGI-1 Encephalitis; BHV-1420 for treating membranous nephropathy; BHV-1440 for treating Graves' disease and TED; BHV-6500 for treating type 1 diabetes; BHV-1490 for treating IgM neuropathy and Waldenstrom's; BHV-8100 for treating neurodegenerative diseases; and BHV-1955 for treating tinnitus. The company was formerly known as Biohaven Research Ltd. and changed its name to Biohaven Ltd. in September 2022. Biohaven Ltd. was incorporated in 2022 and is headquartered in New Haven, Connecticut.

215 Church Street, New Haven, CT, 06510, United States, 203 404 0410

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BHVN By the Numbers

A complete statistical profile built from BHVN's full price, financial, and ownership history, not an isolated snapshot. Explore any category in depth below.

Price & Momentum
Full price insights →
Volatility regime
Above its normal
52-week range position
74%
Trend
Uptrend, price above a rising 50-day average
Current streak
2d down
View full historical prices →
Financial Health
Full financial statements →
Revenue growth
Not enough data
FCF conversion
83%
Net cash
$319.14M
Share count, 1yr
+31.2%
Earnings
Full earnings history →
EPS beat rate
+22%
Current streak
3q miss
Analyst Coverage
Full analyst ratings →
Consensus
Moderate Buy
Avg target upside
+52.1%
Target agreement
Wide disagreement
Insider Activity
Full insider transactions →
Net flow
$33.14M
Transactions on record
4
Short Interest
Full short interest →
Shares short
18.2M
Days-to-cover percentile
86th
Days to cover
9.3
Institutional Ownership
Full institutional holders →
Total holders
226
Net flow this cycle
-$146.55M
Top 10 concentration
+61%
This overview draws together BHVN's price action, fundamentals, and market activity into one view, click through any section above for the full underlying analysis. The bull/bear breakdown and agreement matrix combine independently-sourced signals and are not a recommendation; any single signal can be wrong, and agreement between them is not a guarantee of future performance. This is historical data, not investment advice. Read disclaimer →