BidaskClub Downgrades Synthetic Biologics Inc (SYN) to Sell
Synthetic Biologics Inc (NYSEMKT:SYN) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Saturday.
SYN has been the subject of several other research reports. ValuEngine upgraded Synthetic Biologics from a “strong sell” rating to a “sell” rating in a report on Friday, August 18th. Zacks Investment Research upgraded Synthetic Biologics from a “hold” rating to a “buy” rating and set a $0.75 price objective for the company in a report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $3.92.
Shares of Synthetic Biologics (SYN) opened at $0.79 on Friday. Synthetic Biologics has a 52 week low of $0.41 and a 52 week high of $1.60.
Synthetic Biologics (NYSEMKT:SYN) last announced its quarterly earnings data on Wednesday, November 1st. The company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.10).
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A number of large investors have recently modified their holdings of SYN. Bank of New York Mellon Corp lifted its stake in Synthetic Biologics by 3.1% in the 1st quarter. Bank of New York Mellon Corp now owns 263,598 shares of the company’s stock valued at $166,000 after purchasing an additional 7,962 shares during the last quarter. UBS Group AG lifted its stake in Synthetic Biologics by 10.3% in the 1st quarter. UBS Group AG now owns 214,357 shares of the company’s stock valued at $135,000 after purchasing an additional 20,038 shares during the last quarter. Creative Planning lifted its stake in Synthetic Biologics by 65.4% in the 2nd quarter. Creative Planning now owns 177,000 shares of the company’s stock valued at $100,000 after purchasing an additional 70,000 shares during the last quarter. LMR Partners LLP acquired a new stake in Synthetic Biologics in the 2nd quarter valued at about $194,000. Finally, Goldman Sachs Group Inc. lifted its stake in Synthetic Biologics by 8,102.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,129,108 shares of the company’s stock valued at $639,000 after purchasing an additional 1,115,343 shares during the last quarter.
Synthetic Biologics Company Profile
Synthetic Biologics, Inc is a clinical-stage company. The Company is engaged in developing therapeutics to protect the gut microbiome while targeting pathogen-specific diseases. The Company’s lead product candidates in Phase II development are SYN-010, which is intended to reduce the impact of methane-producing organisms in the gut microbiome to treat an underlying cause of irritable bowel syndrome with constipation (IBS-C), and SYN-004, which is designed to protect the gut microbiome (gastrointestinal (GI) microflora) from the effects of certain commonly used intravenous (IV) antibiotics for the prevention of C.
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