Merus NV’s (NASDAQ:MRUS) lock-up period is set to end on Tuesday, November 15th. Merus NV had issued 5,500,000 shares in its initial public offering on May 19th. The total size of the offering was $55,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Several research analysts have issued reports on the stock. Jefferies Group restated a “buy” rating and set a $21.00 price target on shares of Merus NV in a report on Tuesday. Citigroup Inc. lowered shares of Merus NV from a “buy” rating to a “neutral” rating and raised their price target for the stock from $14.00 to $19.00 in a report on Monday, November 7th. Finally, Zacks Investment Research lowered shares of Merus NV from a “buy” rating to a “hold” rating in a report on Tuesday, August 16th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $16.40.

Shares of Merus NV (NASDAQ:MRUS) opened at 17.40 on Friday. The company’s market cap is $279.77 million. The stock has a 50 day moving average of $16.70 and a 200 day moving average of $11.22. Merus NV has a 1-year low of $7.26 and a 1-year high of $19.63.

Merus NV (NASDAQ:MRUS) last issued its quarterly earnings data on Monday, November 7th. The company reported ($0.31) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.56) by $0.25. Analysts predict that Merus NV will post ($2.20) EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Platinum Investment Management Ltd. acquired a new position in shares of Merus NV during the second quarter valued at approximately $559,000. Iguana Healthcare Management LLC purchased a new stake in shares of Merus NV during the second quarter valued at about $1,598,000. Tekla Capital Management LLC purchased a new stake in shares of Merus NV during the second quarter valued at about $2,113,000. Finally, Franklin Resources Inc. purchased a new stake in shares of Merus NV during the second quarter valued at about $5,192,000. 30.99% of the stock is owned by institutional investors.

About Merus NV

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