Insider Buying: Syros Pharmaceuticals Inc (SYRS) Director Purchases $991,259.22 in Stock
Syros Pharmaceuticals Inc (NASDAQ:SYRS) Director Srinivas Akkaraju bought 109,774 shares of Syros Pharmaceuticals stock in a transaction on Thursday, December 14th. The shares were acquired at an average cost of $9.03 per share, with a total value of $991,259.22. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Syros Pharmaceuticals Inc (NASDAQ SYRS) opened at $8.99 on Monday. Syros Pharmaceuticals Inc has a 12-month low of $6.30 and a 12-month high of $24.38.
Syros Pharmaceuticals (NASDAQ:SYRS) last issued its earnings results on Wednesday, November 8th. The company reported ($0.53) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.53). sell-side analysts predict that Syros Pharmaceuticals Inc will post -2.12 earnings per share for the current fiscal year.
A number of analysts have commented on SYRS shares. Roth Capital started coverage on shares of Syros Pharmaceuticals in a report on Monday, October 23rd. They set a “neutral” rating and a $15.00 target price for the company. Piper Jaffray Companies reiterated an “overweight” rating and issued a $30.00 price target on shares of Syros Pharmaceuticals in a research report on Tuesday, October 31st. ValuEngine lowered shares of Syros Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Friday, September 22nd. Zacks Investment Research upgraded shares of Syros Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, JMP Securities upgraded shares of Syros Pharmaceuticals from a “market perform” rating to an “outperform” rating and set a $33.00 price target for the company in a research report on Thursday, September 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $26.14.
About Syros Pharmaceuticals
Syros Pharmaceuticals, Inc is a biopharmaceutical company. The Company offers a gene control platform designed to analyze the unexploited region of deoxyribonucleic acid (DNA) in human disease tissue to identify and drug targets linked to genomically defined patient populations. The Company is focused on developing treatments for cancer and immune-mediated diseases and is building a pipeline of gene control medicines.
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