Inozyme Pharma (NASDAQ:INZY – Get Free Report)‘s stock had its “buy” rating restated by investment analysts at Needham & Company LLC in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $23.00 target price on the stock. Needham & Company LLC’s price objective would indicate a potential upside of 460.98% from the company’s previous close.
INZY has been the topic of a number of other reports. Jefferies Financial Group restated a “buy” rating and issued a $17.00 price target (up from $16.00) on shares of Inozyme Pharma in a report on Tuesday, August 13th. HC Wainwright reiterated a “buy” rating and issued a $14.00 price target on shares of Inozyme Pharma in a report on Wednesday. Wedbush restated an “outperform” rating and set a $12.00 price objective (down from $15.00) on shares of Inozyme Pharma in a report on Tuesday. Finally, Stifel Nicolaus started coverage on Inozyme Pharma in a report on Thursday, September 12th. They issued a “buy” rating and a $16.00 target price for the company. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $15.71.
Check Out Our Latest Analysis on Inozyme Pharma
Inozyme Pharma Stock Performance
Inozyme Pharma (NASDAQ:INZY – Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported ($0.39) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.05. On average, equities research analysts predict that Inozyme Pharma will post -1.68 EPS for the current year.
Institutional Trading of Inozyme Pharma
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Deerfield Management Company L.P. Series C purchased a new stake in shares of Inozyme Pharma during the 2nd quarter worth $52,000. Meeder Asset Management Inc. bought a new position in Inozyme Pharma in the second quarter worth about $68,000. SG Americas Securities LLC purchased a new stake in shares of Inozyme Pharma during the third quarter valued at about $81,000. Values First Advisors Inc. purchased a new stake in shares of Inozyme Pharma during the second quarter valued at about $76,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Inozyme Pharma in the 2nd quarter valued at about $84,000. Institutional investors own 88.30% of the company’s stock.
Inozyme Pharma Company Profile
Inozyme Pharma, Inc, a clinical-stage rare disease biopharmaceutical company, focuses on developing novel therapeutics for the treatment of vasculature, soft tissue, and skeleton diseases. The company's lead product candidate is INZ-701, a soluble, recombinant, genetically engineered, and fusion protein for the treatment of ENPP1 and ABCC6 deficiencies, as well as patients with end-stage kidney disease receiving hemodialysis.
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