Today: Today, Jefferies Group Reiterates “Buy” Rating for Merus NV (MRUS)

Today, Jefferies Group Reiterates “Buy” Rating for Merus NV (MRUS)

Merus NV (NASDAQ:MRUS)‘s stock had its “buy” rating reiterated by stock analysts at Jefferies Group in a research note issued to investors on Tuesday. They presently have a $21.00 target price on the stock. Jefferies Group’s price objective suggests a potential upside of 35.40% from the company’s current price.

A number of other brokerages have also recently commented on MRUS. Zacks Investment Research cut Merus NV from a “buy” rating to a “hold” rating in a research note on Tuesday, August 16th. Wedbush reissued an “outperform” rating and issued a $14.00 price objective on shares of Merus NV in a research note on Tuesday, July 12th. Finally, Citigroup Inc. cut Merus NV from a “buy” rating to a “neutral” rating and raised their price objective for the company from $14.00 to $19.00 in a research note on Monday, November 7th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Merus NV currently has an average rating of “Buy” and an average target price of $16.40.

Merus NV (NASDAQ:MRUS) remained flat at $15.51 during midday trading on Tuesday. 6 shares of the company’s stock were exchanged. The company’s market capitalization is $249.39 million. Merus NV has a 12-month low of $7.26 and a 12-month high of $19.63. The stock’s 50-day moving average is $17.07 and its 200 day moving average is $11.56.

Merus NV (NASDAQ:MRUS) last issued its earnings results on Monday, November 7th. The company reported ($0.31) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.56) by $0.25. Equities analysts forecast that Merus NV will post ($1.89) earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Baker BROS. Advisors LP bought a new position in shares of Merus NV during the third quarter valued at about $19,430,000. Platinum Investment Management Ltd. boosted its position in shares of Merus NV by 59.3% in the third quarter. Platinum Investment Management Ltd. now owns 111,519 shares of the company’s stock valued at $1,867,000 after buying an additional 41,519 shares during the last quarter. Rock Springs Capital Management LP boosted its position in shares of Merus NV by 6.1% in the third quarter. Rock Springs Capital Management LP now owns 383,000 shares of the company’s stock valued at $6,415,000 after buying an additional 22,189 shares during the last quarter. Iguana Healthcare Management LLC bought a new position in shares of Merus NV during the second quarter valued at about $1,598,000. Finally, Tekla Capital Management LLC bought a new position in shares of Merus NV during the second quarter valued at about $2,113,000. 29.74% of the stock is currently owned by institutional investors.

Merus NV Company Profile

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