Myovant Sciences Ltd (MYOV) Rating Reiterated by Cowen and Company
Myovant Sciences Ltd (NASDAQ:MYOV)‘s stock had its “buy” rating reiterated by analysts at Cowen and Company in a report released on Tuesday.
The analysts wrote, “Myovant reported a FQ2:18 net loss of $29.9MM and a 9/30 cash balance of.””
A number of other equities analysts have also weighed in on the stock. Evercore ISI started coverage on shares of Myovant Sciences in a research report on Wednesday, August 16th. They issued an “outperform” rating for the company. JMP Securities reissued an “outperform” rating and issued a $25.00 price objective (up previously from $23.00) on shares of Myovant Sciences in a research report on Wednesday, October 4th. Zacks Investment Research raised shares of Myovant Sciences from a “sell” rating to a “hold” rating in a research report on Saturday, September 16th. Finally, Robert W. Baird reissued a “buy” rating and issued a $20.00 price objective on shares of Myovant Sciences in a research report on Friday. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Myovant Sciences has a consensus rating of “Buy” and a consensus price target of $20.00.
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A number of hedge funds have recently modified their holdings of MYOV. Wells Fargo & Company MN increased its position in Myovant Sciences by 331.9% during the first quarter. Wells Fargo & Company MN now owns 16,527 shares of the company’s stock worth $194,000 after purchasing an additional 12,700 shares during 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 worth $279,000 after buying an additional 6,330 shares during the period. JPMorgan Chase & Co. grew its stake in Myovant Sciences by 30.6% during the first quarter. JPMorgan Chase & Co. now owns 83,070 shares of the company’s stock worth $975,000 after buying an additional 19,474 shares during the period. Quantitative Systematic Strategies LLC purchased a new stake in Myovant Sciences during the second quarter worth approximately $165,000. Finally, LMR Partners LLP purchased a new stake in Myovant Sciences during the second quarter worth approximately $320,000.
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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