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Maze Therapeutics (NASDAQ:MAZE) Stock Price Down 6.6% - Here's Why

Maze Therapeutics logo with Medical background

Maze Therapeutics, Inc. (NASDAQ:MAZE - Get Free Report) fell 6.6% during mid-day trading on Wednesday . The company traded as low as $14.00 and last traded at $14.06. 67,075 shares changed hands during trading, a decline of 68% from the average session volume of 211,837 shares. The stock had previously closed at $15.06.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MAZE. Wedbush began coverage on shares of Maze Therapeutics in a research report on Tuesday. They set an "outperform" rating and a $17.00 target price on the stock. Guggenheim restated a "buy" rating and set a $19.00 target price on shares of Maze Therapeutics in a research report on Wednesday, April 2nd. Four investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $23.50.

Check Out Our Latest Stock Analysis on MAZE

Maze Therapeutics Trading Down 3.8%

The company's fifty day simple moving average is $11.65.

Maze Therapeutics (NASDAQ:MAZE - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported ($1.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.76) by ($0.39).

Hedge Funds Weigh In On Maze Therapeutics

A number of hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. acquired a new position in shares of Maze Therapeutics in the 1st quarter valued at $145,000. Rhumbline Advisers acquired a new position in shares of Maze Therapeutics during the 1st quarter valued at $80,000. Woodline Partners LP acquired a new position in shares of Maze Therapeutics during the 1st quarter valued at $10,229,000. Octagon Capital Advisors LP acquired a new position in shares of Maze Therapeutics during the 1st quarter valued at $5,153,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Maze Therapeutics during the 1st quarter valued at $57,000.

Maze Therapeutics Company Profile

(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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