Moderna (NASDAQ:MRNA)'s stock had its "overweight" rating reissued by Piper Sandler in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $234.00 price target on the stock, up from their prior price target of $208.00. Piper Sandler's price objective points to a potential upside of 49.25% from the company's current price.
A number of other research analysts also recently weighed in on the company. Brookline Capital Management upped their target price on Moderna from $180.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, March 4th. Bank of America restated a "sell" rating and issued a $140.00 price target on shares of Moderna in a research note on Friday, February 26th. Wells Fargo & Company upped their price objective on Moderna from $129.00 to $145.00 and gave the company an "equal weight" rating in a research report on Monday, February 1st. Chardan Capital upped their price objective on Moderna from $107.00 to $182.00 and gave the company a "buy" rating in a research report on Monday, March 8th. Finally, SVB Leerink reissued a "sell" rating on shares of Moderna in a report on Sunday. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company's stock. The company presently has a consensus rating of "Hold" and a consensus target price of $152.22.
MRNA opened at $156.78 on Wednesday. The business has a 50 day simple moving average of $140.09 and a two-hundred day simple moving average of $125.54. The firm has a market capitalization of $62.79 billion, a price-to-earnings ratio of -96.78, a PEG ratio of 0.53 and a beta of 1.73. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.43 and a quick ratio of 2.43. Moderna has a one year low of $43.11 and a one year high of $189.26.
Moderna (NASDAQ:MRNA) last posted its earnings results on Thursday, February 25th. The company reported ($0.69) earnings per share for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.44). Moderna had a negative return on equity of 28.11% and a negative net margin of 242.73%. The firm had revenue of $570.80 million for the quarter, compared to analysts' expectations of $279.41 million. During the same quarter last year, the company posted ($0.37) EPS. The firm's revenue was up 3948.2% on a year-over-year basis. As a group, sell-side analysts expect that Moderna will post -1.5 EPS for the current fiscal year.
In other news, insider Tal Zvi Zaks sold 1,199 shares of the firm's stock in a transaction on Monday, March 22nd. The shares were sold at an average price of $144.82, for a total value of $173,639.18. Following the sale, the insider now directly owns 1,199 shares in the company, valued at approximately $173,639.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephane Bancel sold 11,046 shares of the firm's stock in a transaction on Friday, January 22nd. The shares were sold at an average price of $131.81, for a total transaction of $1,455,973.26. Following the completion of the sale, the chief executive officer now owns 6,483,868 shares in the company, valued at $854,638,641.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,704,212 shares of company stock valued at $831,464,033. 29.20% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Black Swift Group LLC purchased a new position in Moderna during the 4th quarter worth $26,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Moderna in the fourth quarter valued at about $29,000. Clearview Wealth Advisors LLC purchased a new stake in shares of Moderna in the fourth quarter valued at about $32,000. Jeppson Wealth Management LLC purchased a new stake in shares of Moderna in the third quarter valued at about $33,000. Finally, Park Capital Group purchased a new stake in shares of Moderna in the fourth quarter valued at about $33,000. 51.21% of the stock is currently owned by hedge funds and other institutional investors.
Moderna Company Profile
Moderna, Inc, a biotechnology company, develops therapeutics and vaccines based on messenger RNA for the treatment of infectious diseases, immuno-oncology, rare diseases, cardiovascular diseases, and auto-immune diseases. As of March 9, 2021, the company had 13 programs in clinical trials and a total of 24 development programs in six modalities comprising prophylactic vaccines, cancer vaccines, intratumoral immuno-oncology, localized regenerative therapeutics, systemic secreted and cell surface therapeutics, and systemic intracellular therapeutics.
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