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Maze Therapeutics (NASDAQ:MAZE) Shares Gap Up - Here's What Happened

Maze Therapeutics logo with Medical background

Key Points

  • Maze Therapeutics shares surged from a closing price of $16.02 to an opening price of $21.10, with a latest share price of $24.42, reflecting a significant increase in trading volume.
  • Recent analyst coverage has resulted in a consensus rating of "Buy" for Maze Therapeutics, with price targets ranging from $17.00 to $34.00, indicating strong market confidence.
  • Several hedge funds have increased their stakes in Maze Therapeutics, including notable increases from Legal & General Group Plc and Tower Research Capital LLC, indicating strong institutional interest.
  • Five stocks to consider instead of Maze Therapeutics.

Shares of Maze Therapeutics, Inc. (NASDAQ:MAZE - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $16.02, but opened at $21.10. Maze Therapeutics shares last traded at $24.42, with a volume of 1,030,535 shares trading hands.

Analyst Ratings Changes

MAZE has been the subject of a number of recent research reports. Wedbush initiated coverage on Maze Therapeutics in a research note on Tuesday, July 8th. They issued an "outperform" rating and a $17.00 target price for the company. Wall Street Zen raised Maze Therapeutics from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. HC Wainwright began coverage on Maze Therapeutics in a report on Wednesday, July 23rd. They issued a "buy" rating and a $34.00 price target for the company. Finally, BTIG Research began coverage on Maze Therapeutics in a report on Tuesday, September 2nd. They issued a "buy" rating and a $30.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $26.33.

Get Our Latest Analysis on Maze Therapeutics

Maze Therapeutics Trading Up 44.1%

The business has a fifty day simple moving average of $14.78 and a 200 day simple moving average of $12.09.

Maze Therapeutics (NASDAQ:MAZE - Get Free Report) last released its earnings results on Tuesday, August 12th. The company reported ($0.77) EPS for the quarter, topping analysts' consensus estimates of ($0.79) by $0.02.

Institutional Trading of Maze Therapeutics

Several hedge funds have recently made changes to their positions in MAZE. New York State Common Retirement Fund bought a new stake in shares of Maze Therapeutics in the 1st quarter worth approximately $25,000. CWM LLC bought a new stake in shares of Maze Therapeutics in the 2nd quarter worth approximately $28,000. Corebridge Financial Inc. bought a new stake in shares of Maze Therapeutics in the 1st quarter worth approximately $48,000. Legal & General Group Plc lifted its holdings in shares of Maze Therapeutics by 387.0% in the 2nd quarter. Legal & General Group Plc now owns 4,242 shares of the company's stock worth $52,000 after purchasing an additional 3,371 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Maze Therapeutics by 452.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,608 shares of the company's stock worth $57,000 after purchasing an additional 3,774 shares during the last quarter.

About Maze Therapeutics

(Get Free Report)

We are a clinical-stage biopharmaceutical company harnessing the power of human genetics to develop novel, small molecule precision medicines for patients living with renal, cardiovascular and related metabolic diseases, including obesity. We are advancing a pipeline using our Compass platform, which allows us to identify and characterize genetic variants in disease and then link those variants to the biological pathways that drive disease in specific patient groups through a process we refer to as variant functionalization.

Further Reading

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