Zymeworks (ZYME) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Zymeworks in the last twelve months. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ZYME shares.
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9 brokers have issued 1-year price targets for Zymeworks' stock. Their ZYME share price forecasts range from $8.00 to $19.00. On average, they expect the company's stock price to reach $12.44 in the next twelve months. This suggests a possible upside of 46.8% from the stock's current price.
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Zymeworks' stock was trading at $7.86 at the beginning of the year. Since then, ZYME stock has increased by 7.9% and is now trading at $8.48.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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Zymeworks Inc. (NYSE:ZYME) released its earnings results on Monday, May, 8th. The company reported ($0.37) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.64) by $0.27. The company earned $35.58 million during the quarter, compared to analyst estimates of $8.73 million. Zymeworks had a trailing twelve-month return on equity of 77.65% and a net margin of 38.69%.

ETFs with the largest weight of Zymeworks (NYSE:ZYME) stock in their portfolio include Virtus LifeSci Biotech Clinical Trials ETF (BBC), iShares Biotechnology ETF (IBB),

9 employees have rated Zymeworks Chief Executive Officer Ali Tehrani on Glassdoor.com. Ali Tehrani has an approval rating of 100% among the company's employees. This puts Ali Tehrani in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. 86.0% of employees surveyed would recommend working at Zymeworks to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Zymeworks investors own include Advanced Micro Devices (AMD), Gilead Sciences (GILD), Just Energy Group (JE), NVIDIA (NVDA), Just Energy Group (JE), PayPal (PYPL), Alibaba Group (BABA), Cronos Group (CRON), CRISPR Therapeutics (CRSP) and Tesla (TSLA).

(ZYME) raised $65 million in an initial public offering on Friday, April 28th 2017. The company issued 4,500,000 shares at a price of $13.00-$16.00 per share. Citigroup, Barclays, Wells Fargo Securities and Canaccord Genuity served as the underwriters for the IPO and Cormark Securities was co-manager.

Zymeworks trades on the New York Stock Exchange (NYSE) under the ticker symbol "ZYME."

Zymeworks' stock is owned by a variety of institutional and retail investors. Top institutional investors include EcoR1 Capital LLC (15.73%), Perceptive Advisors LLC (5.26%), Rubric Capital Management LP (4.45%), Credit Suisse AG (3.87%), Farallon Capital Management LLC (3.12%) and BlackRock Inc. (1.17%). Insiders that own company stock include Ali Tehrani, Christopher Astle, Diana Hausman, Ecor1 Capital, Llc, James Priour, Kathryn O'driscoll, Neil A Klompas and Neil Josephson.
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Shares of ZYME 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 ZYME stock can currently be purchased for approximately $8.48.

Zymeworks (NYSE:ZYME) has a market capitalization of $544.16 million and generates $412.48 million in revenue each year. The company earns $124.34 million in net income (profit) each year or $2.59 on an earnings per share basis.

The company employs 455 workers across the globe.

Zymeworks' mailing address is 1385 WEST 8TH AVENUE SUITE 540, VANCOUVER A1, V6H 3V9. The official website for the company is www.zymeworks.com. The company can be reached via phone at (302) 274-8744, via email at ir@zymeworks.com, or via fax at 604-737-7077.