Mersana Therapeutics (MRSN) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Mersana Therapeutics in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MRSN shares.
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6 brokerages have issued 1-year price objectives for Mersana Therapeutics' stock. Their MRSN share price forecasts range from $10.00 to $20.00. On average, they expect the company's stock price to reach $14.00 in the next year. This suggests a possible upside of 84.9% from the stock's current price.
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Mersana Therapeutics' stock was trading at $5.86 at the beginning of 2023. Since then, MRSN stock has increased by 29.2% and is now trading at $7.57.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
View our MRSN earnings forecast.

Mersana Therapeutics, Inc. (NASDAQ:MRSN) announced its quarterly earnings data on Tuesday, May, 9th. The company reported ($0.52) EPS for the quarter, missing analysts' consensus estimates of ($0.41) by $0.11. The company earned $7.80 million during the quarter, compared to analysts' expectations of $18.29 million. Mersana Therapeutics had a negative net margin of 658.85% and a negative trailing twelve-month return on equity of 223.97%. The business's quarterly revenue was up 290.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.59) EPS.

ETFs with the largest weight of Mersana Therapeutics (NASDAQ:MRSN) stock in their portfolio include Virtus LifeSci Biotech Clinical Trials ETF (BBC), Invesco Nasdaq Future Gen 200 ETF (QQQS), ALPS Medical Breakthroughs ETF (SBIO), SPDR S&P Biotech ETF (XBI), Direxion Daily S&P Biotech Bull 3x Shares (LABU), Principal Healthcare Innovators ETF (BTEC), Invesco Nasdaq Biotechnology ETF (IBBQ) and iShares Biotechnology ETF (IBB).

3 employees have rated Mersana Therapeutics Chief Executive Officer Anna Protopapas on Glassdoor.com. Anna Protopapas has an approval rating of 100% among the company's employees. This puts Anna Protopapas in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Mersana Therapeutics investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Ovid Therapeutics (OVID), Sorrento Therapeutics (SRNE), Dynavax Technologies (DVAX), Marvell Technology (MRVL), Inovio Pharmaceuticals (INO), DocuSign (DOCU), Immunomedics (IMMU) and Marinus Pharmaceuticals (MRNS).

(MRSN) raised $75 million in an initial public offering on Wednesday, June 28th 2017. The company issued 5,000,000 shares at $14.00-$16.00 per share. J.P. Morgan, Cowen and Leerink Partners served as the underwriters for the IPO and Wedbush PacGrow was co-manager.

Mersana Therapeutics trades on the NASDAQ under the ticker symbol "MRSN."

Mersana Therapeutics' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.85%), State Street Corp (5.61%), Sarissa Capital Management LP (3.32%), Braidwell LP (2.93%), Candriam S.C.A. (2.72%) and Baker BROS. Advisors LP (1.65%). Insiders that own company stock include Alejandra Carvajal, Andrew A F Hack, Anna Protopapas, Arvin Yang, Ashish Mandelia, Brian Deschuytner, Eva M Jack, Lawrence M Alleva, Lawrence M Alleva, Timothy B Lowinger and Tushar Misra.
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Shares of MRSN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MRSN stock can currently be purchased for approximately $7.57.

Mersana Therapeutics (NASDAQ:MRSN) has a market capitalization of $865.93 million and generates $26.58 million in revenue each year. The company earns $-204,210,000.00 in net income (profit) each year or ($2.12) on an earnings per share basis.

The company employs 169 workers across the globe.

Mersana Therapeutics' mailing address is 840 MEMORIAL DRIVE, CAMBRIDGE MA, 02139. The official website for the company is www.mersana.com. The company can be reached via phone at (617) 498-0020 or via email at ir@mersana.com.