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Metsera (NASDAQ:MTSR) Stock Price Down 6.3% - Here's Why

Metsera logo with Medical background

Metsera Inc. (NASDAQ:MTSR - Get Free Report) traded down 6.3% on Monday . The company traded as low as $26.57 and last traded at $27.74. 164,075 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 921,512 shares. The stock had previously closed at $29.60.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company assumed coverage on Metsera in a research note on Friday, June 20th. They issued an "overweight" rating and a $65.00 price objective for the company. Guggenheim lifted their price objective on Metsera from $56.00 to $62.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Metsera presently has a consensus rating of "Buy" and an average price target of $55.00.

Get Our Latest Research Report on Metsera

Metsera Stock Up 7.7%

The stock's fifty day simple moving average is $26.34.

Metsera (NASDAQ:MTSR - Get Free Report) last released its earnings results on Monday, May 12th. The company reported ($1.03) earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers purchased a new position in Metsera in the first quarter valued at $520,000. Strs Ohio purchased a new stake in Metsera during the 1st quarter worth about $76,000. Siren L.L.C. purchased a new stake in Metsera during the 1st quarter worth about $4,083,000. Woodline Partners LP purchased a new stake in Metsera during the 1st quarter worth about $8,172,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Metsera during the 1st quarter worth about $568,000.

Metsera Company Profile

(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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