Analysts Set $26.67 Price Target for Synthorx Inc (NASDAQ:THOR)

Synthorx Inc (NASDAQ:THOR) has earned a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that cover the stock, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy recommendation.

Analysts have set a 1-year consensus target price of $26.67 for the company and are anticipating that the company will post ($0.38) EPS for the current quarter, according to Zacks. Zacks has also assigned Synthorx an industry rank of 74 out of 256 based on the ratings given to related companies.

Several analysts recently weighed in on the company. Zacks Investment Research downgraded Synthorx from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Svb Leerink reiterated an “outperform” rating on shares of Synthorx in a research report on Monday, March 18th. Leerink Swann assumed coverage on Synthorx in a research report on Friday, March 15th. They issued an “outperform” rating for the company. Finally, HC Wainwright reiterated a “buy” rating and issued a $30.00 price objective on shares of Synthorx in a research report on Wednesday, May 1st.



Several hedge funds have recently made changes to their positions in the business. Strs Ohio bought a new stake in shares of Synthorx in the 1st quarter worth approximately $38,000. Matisse Capital lifted its position in shares of Synthorx by 16.9% in the 1st quarter. Matisse Capital now owns 64,333 shares of the medical instruments supplier’s stock worth $1,310,000 after acquiring an additional 9,300 shares during the period. Monashee Investment Management LLC bought a new stake in shares of Synthorx in the 4th quarter worth approximately $435,000. Dean Capital Investments Management LLC bought a new stake in shares of Synthorx in the 4th quarter worth approximately $827,000. Finally, Emory University bought a new stake in shares of Synthorx in the 1st quarter worth approximately $2,439,000. Institutional investors own 66.08% of the company’s stock.

NASDAQ:THOR traded up $0.37 during mid-day trading on Tuesday, hitting $12.59. 1,387 shares of the company’s stock traded hands, compared to its average volume of 85,795. The firm’s 50 day moving average price is $14.56. Synthorx has a 12 month low of $11.00 and a 12 month high of $23.53. The company has a market capitalization of $392.75 million and a price-to-earnings ratio of -1.92.

Synthorx (NASDAQ:THOR) last announced its earnings results on Tuesday, April 30th. The medical instruments supplier reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.03). On average, sell-side analysts forecast that Synthorx will post -1.65 earnings per share for the current year.

Synthorx Company Profile

Synthorx, Inc, a biopharmaceutical company, focuses on the development of cytokine Synthorin programs for the treatment of cancer and autoimmune disorders in the United States. The company's lead product candidate is THOR-707, a variant of recombinant human IL-2 that is in the development in various solid tumor types as a single agent and in combination with an immune checkpoint inhibitor.

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