Zymeworks Inc (NYSE:ZYME) has been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $16.00.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Zymeworks from a “buy” rating to a “hold” rating in a research note on Saturday. Cormark restated a “buy” rating on shares of Zymeworks in a research note on Saturday, September 30th.
An institutional investor recently bought a new position in Zymeworks stock. Franklin Resources Inc. purchased a new position in shares of Zymeworks Inc (NYSE:ZYME) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 823,700 shares of the company’s stock, valued at approximately $6,878,000. Franklin Resources Inc. owned about 3.30% of Zymeworks as of its most recent SEC filing. Hedge funds and other institutional investors own 7.20% of the company’s stock.
Shares of Zymeworks (NYSE ZYME) traded up $0.13 during mid-day trading on Wednesday, hitting $9.52. 15,081 shares of the stock traded hands, compared to its average volume of 15,040. Zymeworks has a 12 month low of $6.25 and a 12 month high of $14.25. The stock has a market cap of $241.59 and a price-to-earnings ratio of -4.19.
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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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