Zymeworks Inc (ZYME) Receives $25.00 Consensus Target Price from Analysts

Shares of Zymeworks Inc (NYSE:ZYME) have been given a consensus recommendation of “Buy” by the nine analysts that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $25.00.

Several research firms recently issued reports on ZYME. Citigroup downgraded Zymeworks from a “buy” rating to a “neutral” rating in a report on Wednesday, June 6th. Raymond James boosted their price objective on Zymeworks from $22.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, June 5th. Wells Fargo & Co boosted their price objective on Zymeworks from $20.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, June 4th. ValuEngine upgraded Zymeworks from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd. Finally, Canaccord Genuity boosted their price objective on Zymeworks from $18.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, May 16th.

A number of hedge funds and other institutional investors have recently modified their holdings of ZYME. Stanley Laman Group Ltd. purchased a new stake in Zymeworks during the 1st quarter worth about $439,000. PenderFund Capital Management Ltd. acquired a new stake in shares of Zymeworks during the first quarter worth $5,360,000. Finally, Perceptive Advisors LLC boosted its holdings in shares of Zymeworks by 6.4% during the fourth quarter. Perceptive Advisors LLC now owns 777,497 shares of the company’s stock worth $5,549,000 after purchasing an additional 46,729 shares during the last quarter. Institutional investors own 8.09% of the company’s stock.



Shares of ZYME stock traded down $0.48 on Friday, hitting $16.52. The stock had a trading volume of 244,900 shares, compared to its average volume of 94,279. The company has a market capitalization of $450.70 million, a PE ratio of -29.16 and a beta of 5.53. Zymeworks has a 1 year low of $6.25 and a 1 year high of $29.00.

Zymeworks (NYSE:ZYME) last posted its quarterly earnings data on Tuesday, May 1st. The company reported ($0.83) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.68) by ($0.15). The firm had revenue of $0.04 million during the quarter. Zymeworks had a negative net margin of 30.41% and a negative return on equity of 16.07%. sell-side analysts expect that Zymeworks will post -2.55 EPS for the current fiscal year.

About Zymeworks

Zymeworks Inc, a clinical-stage biopharmaceutical company, engages in the discovery, development, and commercialization of bio-therapeutics for the treatment of cancer in Canada. The company's lead product candidate is ZW25, a novel bispecific antibody that is in Phase I clinical trial for the treatment of breast and gastric cancer.

Analyst Recommendations for Zymeworks (NYSE:ZYME)

Receive News & Ratings for Zymeworks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zymeworks and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply