Mersana Therapeutics (MRSN) Now Covered by HC Wainwright

Stock analysts at HC Wainwright started coverage on shares of Mersana Therapeutics (NASDAQ:MRSN) in a report issued on Thursday, MarketBeat.com reports. The firm set a “buy” rating on the stock.

A number of other equities analysts also recently issued reports on the company. Zacks Investment Research raised Mersana Therapeutics from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. ValuEngine raised Mersana Therapeutics from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $23.67.

Mersana Therapeutics (NASDAQ:MRSN) opened at $15.36 on Thursday. Mersana Therapeutics has a one year low of $12.45 and a one year high of $21.01.

Several hedge funds have recently modified their holdings of the company. TIAA CREF Investment Management LLC increased its stake in Mersana Therapeutics by 1,132.7% in the 4th quarter. TIAA CREF Investment Management LLC now owns 8,037 shares of the company’s stock valued at $132,000 after purchasing an additional 7,385 shares in the last quarter. California State Teachers Retirement System purchased a new position in Mersana Therapeutics in the 3rd quarter valued at approximately $142,000. Candriam Luxembourg S.C.A. purchased a new position in Mersana Therapeutics in the 4th quarter valued at approximately $197,000. Bank of New York Mellon Corp purchased a new position in Mersana Therapeutics in the 3rd quarter valued at approximately $231,000. Finally, Goldman Sachs Group Inc. purchased a new position in Mersana Therapeutics in the 4th quarter valued at approximately $247,000. 76.71% of the stock is owned by institutional investors and hedge funds.

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Mersana Therapeutics Company Profile

Mersana Therapeutics, Inc is a United States-based biotechnology company focused on discovering and developing a pipeline of antibody drug conjugates (ADCs). The Company focuses on advancing a pipeline of targeted oncology therapeutics leveraging its Fleximer immunoconjugate technology. The Fleximer platform allows it to design ADCs with specific properties and manage the drug’s chances of attacking cancers.

Analyst Recommendations for Mersana Therapeutics (NASDAQ:MRSN)

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