Zymeworks Inc (ZYME) Receives Consensus Recommendation of “Hold” from Analysts
Zymeworks Inc (NASDAQ:ZYME) has been given a consensus recommendation of “Hold” by the seven research firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $16.00.
Several equities research analysts recently weighed in on the company. Zacks Investment Research raised Zymeworks from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. Scotiabank downgraded Zymeworks from an “overweight” rating to an “underweight” rating in a report on Thursday, September 7th. Barclays PLC reaffirmed an “underweight” rating and set a $8.00 price target on shares of Zymeworks in a report on Thursday, September 7th. Finally, Cormark reaffirmed a “buy” rating on shares of Zymeworks in a report on Saturday, September 30th.
Zymeworks (NASDAQ:ZYME) opened at 8.33 on Friday. The stock’s 50 day moving average is $8.42 and its 200 day moving average is $9.11. The stock’s market capitalization is $211.07 million. Zymeworks has a 12-month low of $6.25 and a 12-month high of $14.25.
Hedge funds and other institutional investors have recently modified their holdings of the stock. OxFORD Asset Management LLP acquired a new stake in shares of Zymeworks during the second quarter worth $154,000. Sentry Investments Corp. acquired a new stake in shares of Zymeworks during the second quarter worth $206,000. Barometer Capital Management Inc. acquired a new stake in shares of Zymeworks during the second quarter worth $484,000. Finally, Franklin Resources Inc. acquired a new stake in shares of Zymeworks during the second quarter worth $6,878,000.
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Zymeworks Company Profile
Zymeworks Inc is a Canada-based clinical-stage biopharmaceutical company. The Company focuses on the discovery, development and commercialization of multifunctional biotherapeutics. The Company’s ZymeCAD platform is for protein modeling and structure-guided protein engineering. The Company’s platforms include Azymetric Platform, AlbuCORE Platform, EFECT Platform and Zymelink Conjugation Platform + Cytotoxins.
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