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AMZN   3,000.46 (+0.77%)
NVDA   498.46 (+0.74%)
BABA   233.89 (+1.47%)
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QQQ   308.68 (+1.51%)
AAPL   121.42 (+1.07%)
MSFT   231.60 (+2.15%)
FB   264.28 (+2.58%)
GOOGL   2,097.07 (+3.10%)
TSLA   597.95 (-3.78%)
AMZN   3,000.46 (+0.77%)
NVDA   498.46 (+0.74%)
BABA   233.89 (+1.47%)
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FB   264.28 (+2.58%)
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TSLA   597.95 (-3.78%)
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NVDA   498.46 (+0.74%)
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CGC   31.17 (+0.52%)
GE   13.60 (+0.22%)
MU   88.93 (+5.45%)
NIO   38.11 (-2.98%)
AMD   78.52 (+0.99%)
T   29.62 (+2.42%)
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Mersana Therapeutics, Inc. (NASDAQ:MRSN) Given Average Recommendation of "Buy" by Brokerages

Last updated on Tuesday, February 23, 2021 | 2021 MarketBeat

Shares of Mersana Therapeutics, Inc. (NASDAQ:MRSN) have received an average rating of "Buy" from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $27.80.

A number of research analysts recently issued reports on the company. SVB Leerink boosted their price objective on Mersana Therapeutics from $25.00 to $28.00 and gave the company an "outperform" rating in a research report on Monday, November 9th. Zacks Investment Research downgraded Mersana Therapeutics from a "hold" rating to a "sell" rating in a research note on Saturday, January 9th. Finally, Stifel Nicolaus began coverage on Mersana Therapeutics in a research note on Wednesday, December 2nd. They issued a "buy" rating and a $33.00 price objective on the stock.

NASDAQ:MRSN opened at $19.68 on Tuesday. Mersana Therapeutics has a 12-month low of $4.12 and a 12-month high of $29.09. The firm has a market capitalization of $1.35 billion, a P/E ratio of -14.58 and a beta of 2.54. The company has a debt-to-equity ratio of 0.02, a current ratio of 13.05 and a quick ratio of 13.05. The business has a 50 day simple moving average of $20.75 and a 200 day simple moving average of $21.06.

In related news, insider Timothy B. Lowinger sold 8,203 shares of the firm's stock in a transaction that occurred on Monday, December 21st. The shares were sold at an average price of $25.60, for a total transaction of $209,996.80. Following the completion of the sale, the insider now directly owns 1,874 shares in the company, valued at $47,974.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Andrew A. F. Hack purchased 250,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 12th. The shares were bought at an average price of $18.36 per share, with a total value of $4,590,000.00. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 17,198 shares of company stock valued at $404,897. Corporate insiders own 5.30% of the company's stock.

Several hedge funds have recently bought and sold shares of the stock. Truist Financial Corp boosted its holdings in shares of Mersana Therapeutics by 33.0% during the fourth quarter. Truist Financial Corp now owns 15,557 shares of the company's stock worth $414,000 after purchasing an additional 3,857 shares during the period. Silverarc Capital Management LLC acquired a new stake in shares of Mersana Therapeutics during the fourth quarter worth approximately $286,000. Squarepoint Ops LLC boosted its holdings in shares of Mersana Therapeutics by 129.4% during the fourth quarter. Squarepoint Ops LLC now owns 45,187 shares of the company's stock worth $1,202,000 after purchasing an additional 25,492 shares during the period. Tri Locum Partners LP bought a new position in Mersana Therapeutics during the fourth quarter valued at approximately $7,237,000. Finally, Nuveen Asset Management LLC raised its position in Mersana Therapeutics by 7.3% during the fourth quarter. Nuveen Asset Management LLC now owns 396,043 shares of the company's stock valued at $10,538,000 after acquiring an additional 26,857 shares in the last quarter.

Mersana Therapeutics Company Profile

Mersana Therapeutics, Inc, a clinical stage biopharmaceutical company focusing on the development of antibody drug conjugate (ADC) for cancer patients with unmet need. The company develops Dolaflexin, a platform, which is used to generate a pipeline of proprietary ADC product candidates to address patient populations that are not amenable to treat with traditional ADC-based therapies.

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Analyst Recommendations for Mersana Therapeutics (NASDAQ:MRSN)

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 [email protected]


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