What is William Blair's Estimate for NMRA FY2029 Earnings?

Key Points

• William Blair has raised its FY2029 earnings per share estimate for Neumora Therapeutics from $0.94 to $1.01, while the current consensus estimate indicates a loss of ($1.61) per share for the year.
• Neumora Therapeutics recently reported quarterly earnings that surpassed expectations, showing ($0.33) per share against a consensus estimate of ($0.38).
• The company's stock price saw a decline of 6.4% recently, trading at $1.55, with a market cap of approximately $249.90 million.

Neumora Therapeutics, Inc. (NASDAQ:NMRA - Free Report) - Stock analysts at William Blair raised their FY2029 earnings per share (EPS) estimates for Neumora Therapeutics in a report released on Wednesday, August 6th. William Blair analyst M. Minter now expects that the company will earn $1.01 per share for the year, up from their previous estimate of $0.94. The consensus estimate for Neumora Therapeutics' current full-year earnings is ($1.61) per share.

Neumora Therapeutics (NASDAQ:NMRA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.38) by $0.05.

A number of other research firms also recently issued reports on NMRA. Needham & Company LLC reiterated a "buy" rating and set a $5.00 price objective on shares of Neumora Therapeutics in a report on Tuesday, May 13th. Mizuho lifted their target price on Neumora Therapeutics from $4.00 to $5.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $7.14.

Neumora Therapeutics Stock Down 6.4%

Shares of NASDAQ:NMRA traded down $0.11 during mid-day trading on Friday, reaching $1.55. 189,456 shares of the stock were exchanged, compared to its average volume of 2,133,940. The company has a market cap of $249.90 million, a P/E ratio of -0.99 and a beta of 2.91. Neumora Therapeutics has a one year low of $0.61 and a one year high of $17.19. The stock's 50 day simple moving average is $1.23 and its 200-day simple moving average is $1.19.

Institutional Trading of Neumora Therapeutics

Several institutional investors have recently added to or reduced their stakes in NMRA. Lunate Capital Ltd acquired a new position in Neumora Therapeutics in the 1st quarter valued at $2,124,000. Schonfeld Strategic Advisors LLC increased its holdings in Neumora Therapeutics by 273.9% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 521,013 shares of the company's stock worth $5,523,000 after purchasing an additional 381,676 shares in the last quarter. Capital International Investors increased its holdings in Neumora Therapeutics by 692.1% in the 4th quarter. Capital International Investors now owns 3,700,359 shares of the company's stock worth $39,224,000 after purchasing an additional 3,233,179 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Neumora Therapeutics in the 4th quarter valued at about $1,258,000. Finally, California State Teachers Retirement System grew its position in shares of Neumora Therapeutics by 793.5% in the 4th quarter. California State Teachers Retirement System now owns 54,457 shares of the company's stock valued at $577,000 after buying an additional 48,362 shares during the last quarter. 47.65% of the stock is currently owned by institutional investors.

About Neumora Therapeutics

Neumora Therapeutics, Inc, a clinical-stage biopharmaceutical company, engages in developing therapeutic treatments for brain diseases, neuropsychiatric disorders, and neurodegenerative diseases. The company develops navacaprant (NMRA-140), a novel once-daily oral kappa opioid receptor antagonist, which is in phase 3 clinical trials for the treatment of major depressive disorder.

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