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GH Research (NASDAQ:GHRS) Stock Rating Upgraded by Wall Street Zen

GH Research logo with Medical background

Wall Street Zen upgraded shares of GH Research (NASDAQ:GHRS - Free Report) from a sell rating to a hold rating in a research note issued to investors on Saturday.

A number of other equities analysts also recently issued reports on GHRS. Cantor Fitzgerald initiated coverage on shares of GH Research in a report on Wednesday, June 4th. They set an "overweight" rating and a $25.00 price objective on the stock. Guggenheim cut their price target on shares of GH Research from $32.00 to $29.00 and set a "buy" rating on the stock in a report on Friday, May 9th. HC Wainwright reaffirmed a "buy" rating and issued a $40.00 price objective on shares of GH Research in a research report on Friday, May 9th. Royal Bank Of Canada initiated coverage on shares of GH Research in a research note on Friday, March 7th. They issued an "outperform" rating and a $31.00 price objective for the company. Finally, JMP Securities restated a "market outperform" rating and issued a $39.00 target price on shares of GH Research in a research note on Tuesday, June 24th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, GH Research presently has an average rating of "Moderate Buy" and a consensus target price of $32.00.

Check Out Our Latest Stock Report on GH Research

GH Research Stock Down 3.6%

GHRS stock traded down $0.54 during mid-day trading on Friday, reaching $14.47. 165,011 shares of the company traded hands, compared to its average volume of 196,938. The firm's 50 day moving average price is $12.05 and its 200 day moving average price is $10.95. The stock has a market cap of $752.87 million, a price-to-earnings ratio of -18.32 and a beta of 0.96. GH Research has a fifty-two week low of $6.00 and a fifty-two week high of $20.50.

GH Research (NASDAQ:GHRS - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.61) by $0.42. On average, analysts anticipate that GH Research will post -0.8 EPS for the current fiscal year.

Institutional Trading of GH Research

Large investors have recently added to or reduced their stakes in the stock. Cormorant Asset Management LP boosted its stake in GH Research by 238.8% in the first quarter. Cormorant Asset Management LP now owns 2,009,482 shares of the company's stock valued at $22,165,000 after acquiring an additional 1,416,439 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of GH Research in the 1st quarter worth approximately $5,018,000. RA Capital Management L.P. lifted its stake in GH Research by 3.9% in the first quarter. RA Capital Management L.P. now owns 6,944,648 shares of the company's stock valued at $76,599,000 after purchasing an additional 257,959 shares during the last quarter. Troluce Capital Advisors LLC bought a new position in GH Research during the first quarter valued at $1,716,000. Finally, Walleye Capital LLC purchased a new stake in GH Research in the first quarter worth $584,000. Hedge funds and other institutional investors own 56.90% of the company's stock.

About GH Research

(Get Free Report)

GH Research PLC, together with its subsidiary GH Research Ireland Limited, engages in developing various therapies to treat psychiatric and neurological disorders. It is involved in the development of 5-Methoxy-N,N-Dimethyltryptamine (5-MeO-DMT) therapies for the treatment of patients with treatment-resistant depression (TRD).

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