Victory Capital Management Inc. Buys Shares of 54,000 Mersana Therapeutics, Inc. (MRSN)
Victory Capital Management Inc. purchased a new position in Mersana Therapeutics, Inc. (NASDAQ:MRSN) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 54,000 shares of the company’s stock, valued at approximately $754,000. Victory Capital Management Inc. owned about 0.24% of Mersana Therapeutics at the end of the most recent reporting period.
Separately, DekaBank Deutsche Girozentrale acquired a new stake in Mersana Therapeutics in the 2nd quarter worth $676,000. 74.64% of the stock is owned by hedge funds and other institutional investors.
In other Mersana Therapeutics news, major shareholder M James Barrett purchased 1,000,000 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were acquired at an average cost of $15.00 per share, for a total transaction of $15,000,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Mersana Therapeutics, Inc. (NASDAQ:MRSN) opened at 16.20 on Friday. The firm’s market capitalization is $367.95 million. The stock’s 50 day moving average is $16.19 and its 200 day moving average is $15.41. Mersana Therapeutics, Inc. has a 12 month low of $12.71 and a 12 month high of $18.48.
Mersana Therapeutics (NASDAQ:MRSN) last issued its quarterly earnings data on Friday, August 11th. The company reported ($6.33) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.56) by ($5.77). The firm had revenue of $3.73 million for the quarter, compared to the consensus estimate of $3.33 million. Equities research analysts forecast that Mersana Therapeutics, Inc. will post ($6.59) earnings per share for the current fiscal year.
Several analysts have issued reports on MRSN shares. Wedbush restated an “outperform” rating and issued a $25.00 price target on shares of Mersana Therapeutics in a research report on Monday, July 24th. J P Morgan Chase & Co started coverage on shares of Mersana Therapeutics in a research report on Monday, July 24th. They issued an “overweight” rating and a $23.00 price target on the stock. Cowen and Company started coverage on shares of Mersana Therapeutics in a research report on Monday, July 24th. They issued an “outperform” rating on the stock. Finally, Leerink Swann started coverage on shares of Mersana Therapeutics in a research report on Monday, July 24th. They issued an “outperform” rating and a $23.00 price target on the stock.
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About Mersana Therapeutics
Mersana Therapeutics, Inc is a United States-based biotechnology company focused on discovering and developing a pipeline of antibody drug conjugates (ADCs). The Company focuses on advancing a pipeline of targeted oncology therapeutics leveraging its Fleximer immunoconjugate technology. The Fleximer platform allows it to design ADCs with specific properties and manage the drug’s chances of attacking cancers.
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