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 report released on Saturday.
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 started coverage on shares of Myovant Sciences in a research report on Wednesday, August 16th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $18.20.
Shares of Myovant Sciences (MYOV) opened at 12.47 on Friday. Myovant Sciences has a 52-week low of $10.25 and a 52-week high of $14.27. The company’s 50 day moving average is $12.59 and its 200 day moving average is $12.15. The firm’s market cap is $758.72 million.
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Large investors have recently modified their holdings of the stock. Quantitative Systematic Strategies LLC purchased a new position in Myovant Sciences during the second quarter valued at approximately $165,000. Goldman Sachs Group Inc. purchased a new position in Myovant Sciences during the second quarter valued at approximately $174,000. Wells Fargo & Company MN grew its stake in Myovant Sciences by 331.9% during the first quarter. Wells Fargo & Company MN now owns 16,527 shares of the company’s stock valued at $194,000 after acquiring an additional 12,700 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Myovant Sciences by 36.3% during the first quarter. Bank of New York Mellon Corp now owns 23,784 shares of the company’s stock valued at $279,000 after acquiring an additional 6,330 shares in the last quarter. Finally, Swiss National Bank purchased a new position in Myovant Sciences during the second quarter valued at approximately $294,000.
Myovant Sciences Company Profile
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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