Myovant Sciences Ltd (MYOV) Receives Buy Rating from Cowen and Company
A number of other research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Myovant Sciences from a hold rating to a sell rating in a report on Wednesday, June 21st. Evercore ISI initiated coverage on shares of Myovant Sciences in a research note on Wednesday, August 16th. They set an outperform rating on the stock. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $18.20.
Myovant Sciences (NASDAQ:MYOV) traded up 1.21% during mid-day trading on Tuesday, hitting $15.06. The company had a trading volume of 5,994 shares. The firm’s market capitalization is $916.31 million. The company has a 50-day moving average price of $13.46 and a 200 day moving average price of $13.46. Myovant Sciences has a 12 month low of $10.25 and a 12 month high of $18.85.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. RA Capital Management LLC raised its position in Myovant Sciences by 56.6% during the first quarter. RA Capital Management LLC now owns 2,348,422 shares of the company’s stock worth $27,570,000 after acquiring an additional 848,422 shares during the period. Eventide Asset Management LLC acquired a new stake in shares of Myovant Sciences in the first quarter valued at about $3,463,000. Emory University acquired a new stake in shares of Myovant Sciences in the second quarter valued at about $1,512,000. Susquehanna International Group LLP acquired a new stake in shares of Myovant Sciences in the second quarter valued at about $648,000. Finally, LMR Partners LLP acquired a new stake in shares of Myovant Sciences in the second quarter valued at about $320,000.
Myovant Sciences Company Profile
Myovant Sciences Ltd. is a clinical-stage biopharmaceutical company focused on developing and commercializing therapies for women’s health diseases and other endocrine-related disorders. Its main product candidate is Relugolix. Relugolix is an oral, once-daily, small molecule that acts as a gonadotropin-releasing hormone (GnRH) receptor antagonist that binds to and inhibits receptors in the anterior pituitary gland.
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