Investment analysts at HC Wainwright started coverage on shares of Pulmatrix (NASDAQ:PULM) in a research note issued to investors on Friday, The Fly reports. The firm set a “buy” rating on the biotechnology company’s stock.
Separately, ValuEngine upgraded shares of Pulmatrix from a “strong sell” rating to a “sell” rating in a report on Friday, February 2nd.
Shares of Pulmatrix (NASDAQ PULM) opened at $1.48 on Friday. Pulmatrix has a fifty-two week low of $1.35 and a fifty-two week high of $5.34.
A hedge fund recently raised its stake in Pulmatrix stock. Vanguard Group Inc. grew its position in Pulmatrix Inc (NASDAQ:PULM) by 8.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 99,758 shares of the biotechnology company’s stock after purchasing an additional 7,351 shares during the quarter. Vanguard Group Inc. owned approximately 0.52% of Pulmatrix worth $240,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 19.95% of the company’s stock.
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Pulmatrix, Inc is a clinical stage biopharmaceutical company developing inhaled therapies to address serious pulmonary disease. The Company’s product pipeline is focused on advancing treatments for rare diseases, including PUR1900, an inhaled anti-fungal for patients with lung disease, including cystic fibrosis.
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