Sagimet Biosciences (SGMT) News Today

$4.38
+0.14 (+3.30%)
(As of 05/14/2024 ET)
Sagimet Biosciences (NASDAQ:SGMT) Coverage Initiated at HC Wainwright
HC Wainwright initiated coverage on Sagimet Biosciences in a research note on Thursday. They set a "buy" rating and a $32.00 target price for the company.
Short Interest in Sagimet Biosciences Inc. (NASDAQ:SGMT) Expands By 31.3%
Sagimet Biosciences Inc. (NASDAQ:SGMT - Get Free Report) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 2,350,000 shares, a growth of 31.3% from the March 15th total of 1,790,000 shares. Currently, 19.4% of the company's stock are sold short. Based on an average trading volume of 1,710,000 shares, the days-to-cover ratio is presently 1.4 days.
Leerink Partnrs Equities Analysts Boost Earnings Estimates for Sagimet Biosciences Inc. (NASDAQ:SGMT)
Sagimet Biosciences Inc. (NASDAQ:SGMT - Free Report) - Research analysts at Leerink Partnrs boosted their Q1 2024 earnings per share estimates for shares of Sagimet Biosciences in a research report issued to clients and investors on Tuesday, March 26th. Leerink Partnrs analyst T. Smith now expect
Sagimet Biosciences Inc. (NASDAQ:SGMT) CEO David Happel Acquires 12,100 Shares
Sagimet Biosciences Inc. (NASDAQ:SGMT - Get Free Report) CEO David Happel bought 12,100 shares of the firm's stock in a transaction on Tuesday, March 26th. The stock was bought at an average price of $5.27 per share, with a total value of $63,767.00. Following the completion of the purchase, the chief executive officer now owns 639,200 shares of the company's stock, valued at $3,368,584. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
The Goldman Sachs Group Trims Sagimet Biosciences (NASDAQ:SGMT) Target Price to $27.00
The Goldman Sachs Group cut their price target on shares of Sagimet Biosciences from $37.00 to $27.00 and set a "buy" rating on the stock in a report on Tuesday.
SVB Leerink Initiates Coverage on Sagimet Biosciences (NASDAQ:SGMT)
SVB Leerink began coverage on shares of Sagimet Biosciences in a research note on Monday. They issued an "outperform" rating and a $26.00 price target on the stock.
RTW Investments LP Invests $3.52 Million in Sagimet Biosciences Inc. (NASDAQ:SGMT)
RTW Investments LP acquired a new stake in shares of Sagimet Biosciences Inc. (NASDAQ:SGMT - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 400,277 shares of the company's stock, valued at approx
738,355 Shares in Sagimet Biosciences Inc. (NASDAQ:SGMT) Purchased by Rock Springs Capital Management LP
Rock Springs Capital Management LP purchased a new position in shares of Sagimet Biosciences Inc. (NASDAQ:SGMT - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 738,355 shares of the company's stock
Short Interest in Sagimet Biosciences Inc. (NASDAQ:SGMT) Grows By 44.4%
Sagimet Biosciences Inc. (NASDAQ:SGMT - Get Free Report) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 1,560,000 shares, an increase of 44.4% from the January 31st total of 1,080,000 shares. Based on an average daily volume of 1,310,000 shares, the days-to-cover ratio is presently 1.2 days. Currently, 12.9% of the company's stock are short sold.
100,000 Shares in Sagimet Biosciences Inc. (NASDAQ:SGMT) Purchased by Silverarc Capital Management LLC
Silverarc Capital Management LLC acquired a new position in shares of Sagimet Biosciences Inc. (NASDAQ:SGMT - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 100,000 shares of the company's stock, valued at approximately $880,000.
Sagimet Biosciences Inc Class A Shares SGMT
Sagimet Biosciences (NASDAQ:SGMT) PT Lowered to $46.00
JMP Securities reduced their target price on shares of Sagimet Biosciences from $47.00 to $46.00 and set a "market outperform" rating for the company in a research report on Wednesday.
Sagimet Biosciences Inc. (SGMT)
Sagimet Biosciences (NASDAQ:SGMT) Given New $37.00 Price Target at The Goldman Sachs Group
The Goldman Sachs Group boosted their price objective on Sagimet Biosciences from $30.00 to $37.00 and gave the stock a "buy" rating in a research note on Tuesday.
JMP Securities Boosts Sagimet Biosciences (NASDAQ:SGMT) Price Target to $47.00
JMP Securities boosted their price target on shares of Sagimet Biosciences from $31.00 to $47.00 and gave the stock a "market outperform" rating in a research report on Monday.
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SGMT Media Mentions By Week

SGMT Media Sentiment

Each headline receives a score ranging from 2 (good news) to -2 (bad news). Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press.

SGMT
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0.56

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Medical
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SGMT News Coverage

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This page (NASDAQ:SGMT) was last updated on 5/15/2024 by MarketBeat.com Staff

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