Analysts Set Kymera Therapeutics, Inc. (NASDAQ:KYMR) Target Price at $56.36

Kymera Therapeutics, Inc. (NASDAQ:KYMRGet Free Report) has received an average recommendation of “Moderate Buy” from the fifteen research firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $56.36.

KYMR has been the subject of a number of recent research reports. BMO Capital Markets started coverage on Kymera Therapeutics in a report on Friday, December 6th. They issued a “market perform” rating and a $55.00 target price for the company. BTIG Research initiated coverage on Kymera Therapeutics in a research note on Tuesday, December 10th. They set a “buy” rating and a $60.00 price objective for the company. Leerink Partners reissued an “outperform” rating and set a $60.00 price objective on shares of Kymera Therapeutics in a report on Friday, December 27th. Citigroup started coverage on shares of Kymera Therapeutics in a report on Thursday. They issued a “buy” rating and a $52.00 target price on the stock. Finally, Wells Fargo & Company raised shares of Kymera Therapeutics from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $38.00 to $57.00 in a report on Monday, December 2nd.

Get Our Latest Stock Report on Kymera Therapeutics

Insider Buying and Selling at Kymera Therapeutics

In other news, CFO Bruce N. Jacobs sold 7,035 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $30.45, for a total transaction of $214,215.75. Following the transaction, the chief financial officer now owns 201,886 shares of the company’s stock, valued at $6,147,428.70. This represents a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ellen Chiniara sold 3,129 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $41.75, for a total value of $130,635.75. Following the completion of the transaction, the insider now owns 54,826 shares in the company, valued at approximately $2,288,985.50. This represents a 5.40 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,788 shares of company stock worth $455,202. Insiders own 15.82% of the company’s stock.

Institutional Investors Weigh In On Kymera Therapeutics

A number of institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. boosted its stake in Kymera Therapeutics by 74.8% in the fourth quarter. Blue Trust Inc. now owns 631 shares of the company’s stock valued at $25,000 after acquiring an additional 270 shares during the last quarter. State of Wyoming acquired a new position in shares of Kymera Therapeutics in the 4th quarter valued at $45,000. GF Fund Management CO. LTD. bought a new position in shares of Kymera Therapeutics in the 4th quarter worth $55,000. KBC Group NV grew its stake in shares of Kymera Therapeutics by 53.8% during the fourth quarter. KBC Group NV now owns 2,151 shares of the company’s stock worth $87,000 after purchasing an additional 752 shares during the period. Finally, Quarry LP bought a new stake in Kymera Therapeutics in the third quarter valued at about $95,000.

Kymera Therapeutics Price Performance

Shares of Kymera Therapeutics stock opened at $34.37 on Friday. Kymera Therapeutics has a 52-week low of $29.07 and a 52-week high of $53.27. The firm has a market capitalization of $2.23 billion, a PE ratio of -14.69 and a beta of 2.22. The company’s fifty day moving average price is $37.43 and its two-hundred day moving average price is $42.76.

Kymera Therapeutics (NASDAQ:KYMRGet Free Report) last posted its earnings results on Thursday, February 27th. The company reported ($0.88) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.76) by ($0.12). Kymera Therapeutics had a negative net margin of 191.26% and a negative return on equity of 24.96%. The business had revenue of $7.39 million during the quarter, compared to the consensus estimate of $14.81 million. Analysts predict that Kymera Therapeutics will post -2.79 earnings per share for the current fiscal year.

Kymera Therapeutics Company Profile

(Get Free Report

Kymera Therapeutics, Inc, a biopharmaceutical company, focuses on discovering and developing novel small molecule therapeutics that selectively degrade disease-causing proteins by harnessing the body's own natural protein degradation system. It engages in developing IRAK4 program, which is in Phase II clinical trial for the treatment of immunology-inflammation diseases, including hidradenitis suppurativa, atopic dermatitis; STAT3 program for the treatment of hematologic malignancies and solid tumors, as well as autoimmune diseases and fibrosis; and MDM2 program to treat hematological malignancies and solid tumors.

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Analyst Recommendations for Kymera Therapeutics (NASDAQ:KYMR)

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