Millendo Therapeutics (NASDAQ:MLND) Cut to “Sell” at Zacks Investment Research
According to Zacks, “Millendo Therapeutics Inc. is a biopharmaceutical company. It focuses on developing novel treatments for orphan endocrine diseases. The company’s product candidate consists of AZP-531 and ATR-101 which are in clinical stage. Millendo Therapeutics Inc., formerly known as OvaScience Inc., is based in Ann Arbor, United States. “
MLND has been the topic of a number of other research reports. Jefferies Financial Group began coverage on Millendo Therapeutics in a research note on Wednesday, March 13th. They set a buy rating and a $22.00 price target on the stock. ValuEngine lowered Welbilt from a hold rating to a sell rating in a research note on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $23.25.
Millendo Therapeutics (NASDAQ:MLND) last posted its earnings results on Wednesday, May 15th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.70) by ($0.08). On average, analysts anticipate that Millendo Therapeutics will post -3.25 EPS for the current year.
Several institutional investors have recently modified their holdings of MLND. Great Point Partners LLC purchased a new position in shares of Millendo Therapeutics during the 4th quarter worth $10,240,000. Worth Venture Partners LLC purchased a new position in shares of Millendo Therapeutics during the 4th quarter worth $206,000. BlackRock Inc. purchased a new position in shares of Millendo Therapeutics during the 4th quarter worth $203,000. Tibra Equities Europe Ltd purchased a new position in shares of Millendo Therapeutics during the 1st quarter worth $303,000. Finally, Geode Capital Management LLC purchased a new position in shares of Millendo Therapeutics during the 4th quarter worth $113,000. 44.07% of the stock is currently owned by institutional investors.
About Millendo Therapeutics
Millendo Therapeutics, Inc, a clinical-stage biopharmaceutical company, engages in the development of various treatments for orphan endocrine diseases in the United States. The company's lead drug candidates include livoletide, an unacylated ghrelin analogue to treat for Prader-Willi syndrome; and nevanimibe, which is in Phase 2b clinical development for the treatment of congenital adrenal hyperplasia and endogenous Cushing's syndrome.
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