Wellington Management Group LLP Has $40.45 Million Stock Holdings in Zenas BioPharma, Inc. $ZBIO

Key Points

• Wellington Management increased its Zenas BioPharma stake by 27.9% in the second quarter, acquiring 347,766 additional shares and bringing its holdings to 1.59 million shares worth approximately $40.45 million.
• Other major investors, including BlackRock and Bank of America, also initiated positions, while Federated Hermes increased its stake by 45.9%, signaling strong institutional interest in ZBIO.
• Zenas reported a larger-than-expected quarterly loss of $1.77 per share and revenue of just $1 million. Despite the miss, analysts maintain a “Moderate Buy” consensus with an average price target of $45.71 versus the reported share price of $32.88.

Wellington Management Group LLP increased its holdings in shares of Zenas BioPharma, Inc. (NASDAQ:ZBIO - Free Report) by 27.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,593,819 shares of the company's stock after purchasing an additional 347,766 shares during the quarter. Wellington Management Group LLP owned 2.45% of Zenas BioPharma worth $40,451,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ZBIO. BlackRock Inc. acquired a new position in shares of Zenas BioPharma in the second quarter valued at approximately $68,176,000. Bank of America Corp DE acquired a new stake in shares of Zenas BioPharma during the second quarter worth $31,247,000. Polar Capital Holdings Plc acquired a new stake in shares of Zenas BioPharma during the fourth quarter worth $38,402,000. Federated Hermes Inc. lifted its position in Zenas BioPharma by 45.9% in the 4th quarter. Federated Hermes Inc. now owns 2,715,578 shares of the company's stock valued at $98,603,000 after acquiring an additional 853,740 shares in the last quarter. Finally, EcoR1 Capital LLC bought a new stake in Zenas BioPharma in the 4th quarter valued at $28,667,000.

Zenas BioPharma Stock Down 0.1%

Shares of ZBIO stock opened at $32.88 on Friday. The company has a current ratio of 9.93, a quick ratio of 9.93 and a debt-to-equity ratio of 1.57. Zenas BioPharma, Inc. has a 1 year low of $13.50 and a 1 year high of $44.60. The firm's fifty day moving average price is $30.61 and its two-hundred day moving average price is $24.51. The firm has a market capitalization of $2.14 billion, a P/E ratio of -3.66 and a beta of -1.04.

Zenas BioPharma (NASDAQ:ZBIO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($1.77) EPS for the quarter, missing the consensus estimate of ($1.12) by ($0.65). The business had revenue of $1.00 million for the quarter, compared to analysts' expectations of $15.00 million. On average, equities analysts predict that Zenas BioPharma, Inc. will post -5.81 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ZBIO shares. Weiss Ratings cut Zenas BioPharma from a "sell (d-)" rating to a "sell (e+)" rating in a report on Thursday, July 9th. Guggenheim reaffirmed a "buy" rating and set a $55.00 price objective on shares of Zenas BioPharma in a research report on Friday, August 14th. Zacks Research upgraded Zenas BioPharma from a "strong sell" rating to a "hold" rating in a report on Friday, May 15th. Wedbush reissued an "outperform" rating and issued a $45.00 target price on shares of Zenas BioPharma in a research report on Friday, August 14th. Finally, Morgan Stanley boosted their target price on Zenas BioPharma from $22.00 to $32.00 and gave the company an "equal weight" rating in a research note on Friday, August 14th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $45.71.

Zenas BioPharma Profile

Zenas BioPharma, Inc is a clinical-stage biotechnology company focused on the discovery and development of novel therapies in oncology and infectious diseases. The company's proprietary platform integrates structure-guided design, computational modeling and high-throughput screening to address challenging protein-protein interactions. Zenas BioPharma is advancing multiple preclinical and clinical-stage candidates aimed at providing new treatment options where current modalities may be limited by efficacy or safety concerns.

Founded in 2021 and headquartered in Cambridge, Massachusetts, Zenas BioPharma was built to streamline the drug discovery process from target identification through to IND-enabling studies.

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