Epizyme Inc (EPZM) Given Consensus Rating of “Buy” by Brokerages

Epizyme Inc (NASDAQ:EPZM) has received an average recommendation of “Buy” from the fourteen research firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $22.67.

A number of analysts have recently weighed in on the company. BidaskClub upgraded Epizyme from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. ValuEngine lowered Epizyme from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. Oppenheimer set a $26.00 target price on Epizyme and gave the company a “buy” rating in a research note on Tuesday, December 12th. Cann restated a “buy” rating and issued a $26.00 target price on shares of Epizyme in a research note on Thursday, November 2nd. Finally, Zacks Investment Research lowered Epizyme from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd.

In related news, insider Peter Tai-Ching Ho sold 15,000 shares of Epizyme stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $16.44, for a total value of $246,600.00. Following the completion of the sale, the insider now directly owns 23,123 shares in the company, valued at $380,142.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 25.20% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. NEA Management Company LLC increased its position in Epizyme by 3.2% in the third quarter. NEA Management Company LLC now owns 6,460,851 shares of the biopharmaceutical company’s stock worth $123,079,000 after purchasing an additional 200,000 shares during the period. Palo Alto Investors LLC increased its position in Epizyme by 18.9% in the second quarter. Palo Alto Investors LLC now owns 5,698,296 shares of the biopharmaceutical company’s stock worth $86,044,000 after purchasing an additional 907,245 shares during the period. Vanguard Group Inc. increased its position in Epizyme by 6.2% in the second quarter. Vanguard Group Inc. now owns 3,419,844 shares of the biopharmaceutical company’s stock worth $51,640,000 after purchasing an additional 200,982 shares during the period. State Street Corp increased its position in Epizyme by 59.6% in the second quarter. State Street Corp now owns 1,764,450 shares of the biopharmaceutical company’s stock worth $26,644,000 after purchasing an additional 658,727 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in Epizyme in the third quarter worth about $17,591,000. Hedge funds and other institutional investors own 85.28% of the company’s stock.

Shares of Epizyme (EPZM) opened at $15.25 on Friday. Epizyme has a 12 month low of $9.30 and a 12 month high of $20.45. The firm has a market capitalization of $1,060.00, a price-to-earnings ratio of -6.72 and a beta of 2.00.

Epizyme (NASDAQ:EPZM) last announced its earnings results on Wednesday, November 1st. The biopharmaceutical company reported ($0.63) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.65) by $0.02. equities research analysts forecast that Epizyme will post -2.23 EPS for the current fiscal year.

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Epizyme Company Profile

Epizyme, Inc is a clinical-stage biopharmaceutical company. The Company discovers, develops and plans to commercialize epigenetic therapies for cancer patients. The Company is engaged in the discovery and development of novel epigenetic therapies for cancer patients. The Company develops small molecule inhibitors of a class of enzymes known as histone methyltransferases (HMTs).

Analyst Recommendations for Epizyme (NASDAQ:EPZM)

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