Zymeworks Inc (ZYME) Stock Rating Reaffirmed by Cormark
Several other research firms also recently weighed in on ZYME. Zacks Investment Research downgraded Zymeworks from a hold rating to a sell rating in a research report on Saturday, August 12th. Barclays PLC restated an underweight rating and issued a $8.00 price target on shares of Zymeworks in a report on Thursday, September 7th. Finally, Scotiabank cut shares of Zymeworks from an overweight rating to an underweight rating in a report on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $16.00.
Zymeworks (NASDAQ:ZYME) opened at 8.44 on Friday. The company’s market capitalization is $213.86 million. The firm has a 50-day moving average of $7.89 and a 200 day moving average of $9.06. Zymeworks has a one year low of $6.25 and a one year high of $14.25.
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Several institutional investors have recently bought and sold shares of the company. Barometer Capital Management Inc. purchased a new stake in shares of Zymeworks in the second quarter valued at approximately $484,000. Franklin Resources Inc. purchased a new position in Zymeworks during the 2nd quarter worth $6,878,000. OxFORD Asset Management LLP purchased a new position in Zymeworks during the 2nd quarter worth $154,000. Finally, Sentry Investments Corp. purchased a new position in Zymeworks during the 2nd quarter worth $206,000.
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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