Gossamer Bio, Inc. (NASDAQ:GOSS) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Gossamer Bio, Inc. (NASDAQ:GOSSGet Free Report) have been assigned an average rating of “Hold” from the ten research firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $5.00.

A number of equities research analysts have recently commented on GOSS shares. Wedbush reaffirmed a “neutral” rating and set a $1.00 price objective (down from $6.00) on shares of Gossamer Bio in a research note on Tuesday, February 24th. Wall Street Zen cut shares of Gossamer Bio from a “hold” rating to a “sell” rating in a research note on Friday, January 23rd. Leerink Partners cut shares of Gossamer Bio from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Cantor Fitzgerald reissued a “neutral” rating on shares of Gossamer Bio in a research note on Monday, March 23rd. Finally, HC Wainwright dropped their price target on shares of Gossamer Bio from $10.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, March 6th.

View Our Latest Stock Report on Gossamer Bio

Institutional Investors Weigh In On Gossamer Bio

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its stake in Gossamer Bio by 66.5% in the 1st quarter. Bank of America Corp DE now owns 3,173,725 shares of the company’s stock valued at $1,041,000 after acquiring an additional 1,267,056 shares during the period. ADAR1 Capital Management LLC grew its stake in Gossamer Bio by 233.4% in the 1st quarter. ADAR1 Capital Management LLC now owns 287,531 shares of the company’s stock valued at $94,000 after acquiring an additional 503,100 shares during the period. Kalehua Capital Management LLC acquired a new stake in Gossamer Bio in the 1st quarter valued at $3,363,000. Renaissance Technologies LLC grew its stake in Gossamer Bio by 84.8% in the 1st quarter. Renaissance Technologies LLC now owns 1,217,868 shares of the company’s stock valued at $400,000 after acquiring an additional 558,980 shares during the period. Finally, Hsbc Holdings PLC acquired a new stake in Gossamer Bio in the 1st quarter valued at $38,000. Institutional investors and hedge funds own 81.23% of the company’s stock.

Gossamer Bio Price Performance

Shares of NASDAQ GOSS opened at $0.21 on Monday. The stock has a market capitalization of $49.31 million, a price-to-earnings ratio of -0.27 and a beta of 2.15. Gossamer Bio has a 12 month low of $0.16 and a 12 month high of $3.87. The firm’s 50 day simple moving average is $0.36 and its 200-day simple moving average is $1.75.

Gossamer Bio (NASDAQ:GOSSGet Free Report) last issued its quarterly earnings data on Monday, May 18th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.03). The firm had revenue of $16.96 million for the quarter, compared to analyst estimates of $4.67 million. Analysts anticipate that Gossamer Bio will post -0.46 earnings per share for the current fiscal year.

Gossamer Bio News Summary

Here are the key news stories impacting Gossamer Bio this week:

About Gossamer Bio

(Get Free Report)

Gossamer Bio, Inc is a clinical-stage biopharmaceutical company headquartered in San Diego, California. Founded in 2012, the company is focused on discovering and developing oral, once-daily therapies for immune-mediated and inflammatory diseases, as well as oncology indications. Gossamer Bio leverages a deep pipeline of small-molecule candidates aimed at improving patient outcomes in areas of high unmet need.

The company’s lead programs include GB004, an S1P1 receptor modulator in late-stage development for ulcerative colitis, and GB1275, a CD11b modulator being investigated in solid tumors and hematologic malignancies.

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Analyst Recommendations for Gossamer Bio (NASDAQ:GOSS)

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