Myovant Sciences Ltd (MYOV) Lifted to “Hold” at Zacks Investment Research
Myovant Sciences Ltd (NASDAQ:MYOV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.
According to Zacks, “Myovant Sciences Ltd. is a biopharmaceutical company. It focused on developing and commercializing therapies for women’s health diseases and other endocrine-related disorders, including advanced prostate cancer. The company’s product candidate consists of relugolix which are in clinical trial, an oral once-daily small molecule that acts as a gonadotropin-releasing hormone receptor antagonist. Myovant Sciences Ltd. is based in Hamilton, Bermuda. “
Separately, Evercore ISI assumed coverage on shares of Myovant Sciences in a research note on Wednesday, August 16th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $18.20.
Shares of Myovant Sciences (MYOV) traded down 0.16% during trading on Thursday, reaching $12.37. The company had a trading volume of 22,218 shares. Myovant Sciences has a 52-week low of $9.92 and a 52-week high of $15.50. The company’s market capitalization is $752.64 million. The firm has a 50-day moving average price of $12.05 and a 200-day moving average price of $12.05.
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Several hedge funds and other institutional investors have recently bought and sold shares of MYOV. RA Capital Management LLC boosted its stake in shares of Myovant Sciences by 56.6% in the first quarter. RA Capital Management LLC now owns 2,348,422 shares of the company’s stock valued at $27,570,000 after purchasing an additional 848,422 shares during the period. Eventide Asset Management LLC purchased a new position in shares of Myovant Sciences in the first quarter valued at approximately $3,463,000. Emory University purchased a new position in shares of Myovant Sciences in the second quarter valued at approximately $1,512,000. BB Biotech AG boosted its stake in shares of Myovant Sciences by 3.4% in the first quarter. BB Biotech AG now owns 3,302,835 shares of the company’s stock valued at $38,775,000 after purchasing an additional 110,000 shares during the period. Finally, Susquehanna International Group LLP purchased a new position in shares of Myovant Sciences in the second quarter valued at approximately $648,000.
About Myovant Sciences
Myovant Sciences Ltd. is a clinical-stage biopharmaceutical company focused on developing and commercializing therapies for women’s health diseases and other endocrine-related disorders. Its main product candidate is Relugolix. Relugolix is an oral, once-daily, small molecule that acts as a gonadotropin-releasing hormone (GnRH) receptor antagonist that binds to and inhibits receptors in the anterior pituitary gland.
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