Zacks Investment Research Upgrades Myovant Sciences Ltd (MYOV) to Hold
Myovant Sciences Ltd (NASDAQ:MYOV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Thursday.
According to Zacks, “Myovant Sciences Ltd. is a biopharmaceutical company. It focused on developing and commercializing therapies for women’s health diseases and other endocrine-related disorders, including advanced prostate cancer. The company’s product candidate consists of relugolix which are in clinical trial, an oral once-daily small molecule that acts as a gonadotropin-releasing hormone receptor antagonist. Myovant Sciences Ltd. is based in Hamilton, Bermuda. “
Separately, Evercore ISI began coverage on shares of Myovant Sciences in a research note on Wednesday, August 16th. They set an “outperform” rating on the stock. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $18.20.
Myovant Sciences (NASDAQ:MYOV) opened at 12.37 on Thursday. The firm has a 50-day moving average of $12.05 and a 200 day moving average of $12.05. The firm’s market capitalization is $752.64 million. Myovant Sciences has a 12 month low of $9.92 and a 12 month high of $15.50.
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Several hedge funds and other institutional investors have recently modified their holdings of the stock. OxFORD Asset Management LLP increased its stake in shares of Myovant Sciences by 15.4% in the second quarter. OxFORD Asset Management LLP now owns 29,745 shares of the company’s stock worth $348,000 after buying an additional 3,971 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Myovant Sciences by 36.3% in the first quarter. Bank of New York Mellon Corp now owns 23,784 shares of the company’s stock worth $279,000 after buying an additional 6,330 shares during the period. Wells Fargo & Company MN increased its stake in shares of Myovant Sciences by 331.9% in the first quarter. Wells Fargo & Company MN now owns 16,527 shares of the company’s stock worth $194,000 after buying an additional 12,700 shares during the period. Quantitative Systematic Strategies LLC purchased a new position in shares of Myovant Sciences in the second quarter worth $165,000. Finally, BB Biotech AG increased its stake in shares of Myovant Sciences by 0.4% in the second quarter. BB Biotech AG now owns 3,317,171 shares of the company’s stock worth $38,811,000 after buying an additional 14,336 shares during the period.
About Myovant Sciences
Myovant Sciences Ltd. is a clinical-stage biopharmaceutical company focused on developing and commercializing therapies for women’s health diseases and other endocrine-related disorders. Its main product candidate is Relugolix. Relugolix is an oral, once-daily, small molecule that acts as a gonadotropin-releasing hormone (GnRH) receptor antagonist that binds to and inhibits receptors in the anterior pituitary gland.
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