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Wellington Management Group LLP Lowers Holdings in Zenas Biopharma Inc (NASDAQ:ZBIO)

Zenas Biopharma logo with Medical background

Wellington Management Group LLP cut its position in shares of Zenas Biopharma Inc (NASDAQ:ZBIO - Free Report) by 24.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,135,289 shares of the company's stock after selling 366,139 shares during the quarter. Wellington Management Group LLP owned about 2.72% of Zenas Biopharma worth $9,172,000 as of its most recent filing with the Securities & Exchange Commission.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ZBIO shares. Wedbush restated an "outperform" rating and set a $35.00 price target on shares of Zenas Biopharma in a research report on Thursday, May 15th. HC Wainwright restated a "buy" rating and set a $30.00 price target on shares of Zenas Biopharma in a research report on Friday, May 16th. Finally, Guggenheim restated a "buy" rating and set a $45.00 price target on shares of Zenas Biopharma in a research report on Wednesday, March 12th.

Get Our Latest Analysis on Zenas Biopharma

Zenas Biopharma Price Performance

NASDAQ:ZBIO traded up $1.51 during trading hours on Friday, reaching $11.12. 197,971 shares of the company traded hands, compared to its average volume of 181,254. The firm has a 50-day moving average price of $9.52. The firm has a market capitalization of $465.19 million and a PE ratio of -3.13. Zenas Biopharma Inc has a 1 year low of $5.83 and a 1 year high of $26.25.

Zenas Biopharma (NASDAQ:ZBIO - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($0.80) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.15) by $0.35. The company had revenue of $10.00 million for the quarter, compared to analysts' expectations of $5.00 million.

Zenas Biopharma Profile

(Free Report)

Zenas BioPharma, Inc is a clinical-stage global biopharmaceutical company, which engages in the development and commercialization of transformative immunology-based therapies for patients. The company was founded by Lonnie O. Moulder Jr on November 12, 2019 and is headquartered in Waltham, MA.

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Institutional Ownership by Quarter for Zenas Biopharma (NASDAQ:ZBIO)

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