Maxim Group set a $14.00 target price on Mesoblast (NASDAQ:MESO) in a report published on Wednesday. The brokerage currently has a buy rating on the stock.

Other analysts also recently issued research reports about the stock. Cantor Fitzgerald set a $20.00 price objective on shares of Mesoblast and gave the company a buy rating in a report on Tuesday, January 16th. Zacks Investment Research upgraded shares of Mesoblast from a hold rating to a buy rating and set a $6.25 price objective for the company in a report on Saturday, January 13th. Finally, Oppenheimer set a $16.00 price objective on shares of Mesoblast and gave the company a buy rating in a report on Wednesday, December 20th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $13.54.

Shares of Mesoblast (NASDAQ MESO) traded up $0.09 during trading on Wednesday, reaching $7.60. 58,938 shares of the company were exchanged, compared to its average volume of 83,012. The stock has a market cap of $706.60, a price-to-earnings ratio of -20.54 and a beta of 1.83. Mesoblast has a 1 year low of $4.74 and a 1 year high of $12.50.

A hedge fund recently bought a new stake in Mesoblast stock. Penbrook Management LLC acquired a new stake in Mesoblast limited (NASDAQ:MESO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 266,800 shares of the company’s stock, valued at approximately $1,558,000. Mesoblast comprises about 1.4% of Penbrook Management LLC’s portfolio, making the stock its 18th largest position. Penbrook Management LLC owned approximately 0.28% of Mesoblast at the end of the most recent quarter. 2.74% of the stock is owned by institutional investors and hedge funds.

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About Mesoblast

Mesoblast Limited is engaged in developing cell-based medicines. The Company has leveraged its technology platform, which is based on specialized cells known as mesenchymal lineage adult stem cells, to establish a portfolio of late-stage product candidates. Its allogeneic, off-the-shelf cell product candidates target advanced stages of diseases with high, unmet medical needs, including cardiovascular conditions, orthopedic disorders, immunologic and inflammatory disorders and oncologic/hematologic conditions.

Analyst Recommendations for Mesoblast (NASDAQ:MESO)

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