Metsera (NASDAQ:MTSR - Get Free Report) was downgraded by Leerink Partnrs from a "strong-buy" rating to a "hold" rating in a note issued to investors on Wednesday,Zacks.com reports.
MTSR has been the subject of a number of other reports. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Metsera in a report on Wednesday, September 3rd. Guggenheim upped their price objective on Metsera from $56.00 to $62.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Bank of America raised their target price on Metsera from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Wells Fargo & Company started coverage on Metsera in a research report on Friday, June 20th. They set an "overweight" rating and a $65.00 target price on the stock. Finally, Wall Street Zen cut Metsera from a "hold" rating to a "sell" rating in a research report on Tuesday. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $58.50.
Get Our Latest Stock Analysis on Metsera
Metsera Stock Down 0.9%
Shares of NASDAQ MTSR opened at $52.50 on Wednesday. The firm's 50-day moving average price is $36.09 and its 200-day moving average price is $29.68. Metsera has a 52-week low of $12.30 and a 52-week high of $54.47.
Metsera (NASDAQ:MTSR - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The company reported ($0.66) earnings per share for the quarter.
Hedge Funds Weigh In On Metsera
A number of hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. raised its stake in Metsera by 45.5% during the 2nd quarter. Osaic Holdings Inc. now owns 946 shares of the company's stock valued at $27,000 after purchasing an additional 296 shares during the period. Corient Private Wealth LLC purchased a new stake in Metsera during the 2nd quarter valued at approximately $373,000. Rafferty Asset Management LLC purchased a new position in shares of Metsera in the second quarter worth $549,000. Eventide Asset Management LLC lifted its holdings in shares of Metsera by 58.5% in the second quarter. Eventide Asset Management LLC now owns 396,160 shares of the company's stock worth $11,271,000 after buying an additional 146,160 shares in the last quarter. Finally, EcoR1 Capital LLC boosted its position in shares of Metsera by 443.1% during the second quarter. EcoR1 Capital LLC now owns 271,529 shares of the company's stock worth $7,725,000 after acquiring an additional 221,529 shares during the last quarter.
About Metsera
(
Get Free Report)
Metsera, Inc is a clinical stage biopharmaceutical company, which engages in the development of a next-generation injectable and oral nutrient stimulated hormone, or NuSH, analog peptides to treat obesity, overweight and related conditions. Its product pipeline includes MET-097i, MET-233, and MET-224o.
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