StockNews.com initiated coverage on shares of Epizyme (NASDAQ:EPZM – Get Rating) in a research note issued to investors on Friday. The firm set a “hold” rating on the biopharmaceutical company’s stock.
Other equities analysts have also issued research reports about the company. Wedbush lowered Epizyme from an “outperform” rating to a “neutral” rating in a report on Monday, June 27th. Cowen lowered Epizyme from an “outperform” rating to a “market perform” rating and set a $1.50 price objective on the stock. in a report on Monday, June 27th. HC Wainwright dropped their price objective on Epizyme from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, June 3rd. Finally, Cowen lowered Epizyme from an “outperform” rating to a “market perform” rating and set a $1.50 price objective on the stock. in a report on Monday, June 27th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Epizyme currently has an average rating of “Hold” and a consensus price target of $3.00.
Epizyme Price Performance
NASDAQ:EPZM opened at $1.47 on Friday. The firm has a market capitalization of $247.44 million, a PE ratio of -0.85 and a beta of -0.41. The business’s fifty day moving average price is $1.48 and its 200 day moving average price is $1.12. Epizyme has a 12 month low of $0.41 and a 12 month high of $5.80.
Institutional Investors Weigh In On Epizyme
Hedge funds have recently made changes to their positions in the business. Kraematon Investment Advisors Inc. acquired a new stake in shares of Epizyme during the fourth quarter worth about $28,000. Bayesian Capital Management LP acquired a new stake in Epizyme in the fourth quarter valued at about $40,000. Strategic Blueprint LLC acquired a new stake in Epizyme in the second quarter valued at about $25,000. Verition Fund Management LLC acquired a new stake in Epizyme in the second quarter valued at about $34,000. Finally, Amalgamated Bank lifted its position in Epizyme by 65.1% in the first quarter. Amalgamated Bank now owns 26,516 shares of the biopharmaceutical company’s stock valued at $30,000 after purchasing an additional 10,458 shares during the period. Institutional investors and hedge funds own 76.45% of the company’s stock.
Epizyme Company Profile
Epizyme, Inc, a commercial-stage biopharmaceutical company, discovers, develops, and commercializes novel epigenetic medicines for patients with cancer and other diseases in the United States. The company offers Tazemetostat for the treatment of metastatic or locally advanced epithelioid sarcoma for adults and pediatric patients.
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