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FY2023 EPS Estimates for Molecular Partners AG (NASDAQ:MOLN) Cut by Analyst

Molecular Partners AG (NASDAQ:MOLN - Get Rating) - Research analysts at SVB Leerink decreased their FY2023 earnings estimates for Molecular Partners in a research report issued on Wednesday, November 23rd. SVB Leerink analyst D. Graybosch now forecasts that the company will post earnings of ($1.94) per share for the year, down from their prior forecast of ($1.93). SVB Leerink currently has a "Market Perform" rating and a $8.00 target price on the stock. The consensus estimate for Molecular Partners' current full-year earnings is $3.59 per share. SVB Leerink also issued estimates for Molecular Partners' FY2024 earnings at ($2.19) EPS, FY2025 earnings at ($3.17) EPS and FY2026 earnings at ($2.38) EPS.

Separately, Royal Bank of Canada downgraded Molecular Partners from an "outperform" rating to a "sector perform" rating in a research report on Tuesday, August 30th.

Molecular Partners Trading Down 1.8 %

Shares of Molecular Partners stock opened at $6.57 on Monday. Molecular Partners has a one year low of $5.50 and a one year high of $32.04. The business's 50 day moving average price is $6.39 and its 200 day moving average price is $6.57.

Molecular Partners (NASDAQ:MOLN - Get Rating) last posted its earnings results on Thursday, October 27th. The company reported ($0.42) EPS for the quarter. The company had revenue of $2.45 million during the quarter.

Institutional Investors Weigh In On Molecular Partners


A number of institutional investors and hedge funds have recently added to or reduced their stakes in MOLN. Federated Hermes Inc. raised its position in Molecular Partners by 94.2% in the first quarter. Federated Hermes Inc. now owns 457,037 shares of the company's stock valued at $9,264,000 after purchasing an additional 221,743 shares during the period. AlphaCentric Advisors LLC purchased a new stake in Molecular Partners in the third quarter valued at $218,000. Finally, Tang Capital Management LLC purchased a new stake in Molecular Partners in the third quarter valued at $105,000. Hedge funds and other institutional investors own 2.70% of the company's stock.

About Molecular Partners

(Get Rating)

Molecular Partners AG operates as a clinical-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of therapeutic proteins. Its products candidates include Abicipar, a DARPin therapeutic candidate, which is in Phase III clinical trials for the treatment of neovascular wet age-related macular degeneration, as well as for diabetic macular edema; and MP0420, a multi-specific DARPin therapeutic candidate for the SARS-CoV-2 virus.

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Earnings History and Estimates for Molecular Partners (NASDAQ:MOLN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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