Analysts Set Zymeworks Inc. (ZYME) PT at $14.35
Shares of Zymeworks Inc. (NYSE:ZYME) have earned a consensus rating of “Hold” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $14.35.
ZYME has been the subject of several research reports. Zacks Investment Research raised Zymeworks from a “hold” rating to a “buy” rating and set a $7.75 target price for the company in a research report on Tuesday, November 14th. Cormark reissued a “buy” rating on shares of Zymeworks in a research report on Saturday, September 30th. Scotiabank lowered Zymeworks from an “overweight” rating to an “underweight” rating in a research report on Thursday, September 7th. Finally, Barclays PLC reaffirmed an “underweight” rating and set a $8.00 price objective on shares of Zymeworks in a research report on Thursday, September 7th.
A number of hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. bought a new position in Zymeworks during the 2nd quarter valued at approximately $6,878,000. Barometer Capital Management Inc. purchased a new stake in Zymeworks during the 2nd quarter valued at $484,000. Sentry Investments Corp. purchased a new stake in Zymeworks during the 2nd quarter valued at $206,000. Finally, OxFORD Asset Management LLP purchased a new stake in Zymeworks during the 2nd quarter valued at $154,000. 8.10% of the stock is owned by institutional investors.
Shares of Zymeworks (ZYME) traded up $0.11 during trading hours on Tuesday, hitting $8.27. The stock had a trading volume of 11,200 shares, compared to its average volume of 23,387. Zymeworks has a 12-month low of $6.25 and a 12-month high of $14.25.
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Zymeworks Company Profile
Zymeworks Inc is a Canada-based clinical-stage biopharmaceutical company. The Company focuses on the discovery, development and commercialization of multifunctional biotherapeutics. The Company’s ZymeCAD platform is for protein modeling and structure-guided protein engineering. The Company’s platforms include Azymetric Platform, AlbuCORE Platform, EFECT Platform and Zymelink Conjugation Platform + Cytotoxins.
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