Fusion Pharmaceuticals (NASDAQ:FUSN) had its price target decreased by equities researchers at Morgan Stanley from $23.00 to $21.00 in a research note issued to investors on Tuesday, Stock Target Advisor reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price target would suggest a potential upside of 103.88% from the stock’s current price.
Several other equities analysts have also recently commented on FUSN. Zacks Investment Research upgraded Fusion Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Wednesday, March 31st. Bloom Burton reiterated a “buy” rating on shares of Fusion Pharmaceuticals in a research note on Thursday, December 17th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $21.25.
Shares of NASDAQ:FUSN opened at $10.30 on Tuesday. Fusion Pharmaceuticals has a 52-week low of $9.31 and a 52-week high of $19.00. The company has a 50 day moving average of $11.34 and a two-hundred day moving average of $12.09.
Several institutional investors have recently added to or reduced their stakes in FUSN. Victory Capital Management Inc. lifted its stake in Fusion Pharmaceuticals by 18.4% during the fourth quarter. Victory Capital Management Inc. now owns 179,524 shares of the company’s stock worth $2,110,000 after purchasing an additional 27,916 shares during the last quarter. BlackRock Inc. lifted its stake in Fusion Pharmaceuticals by 1.5% during the third quarter. BlackRock Inc. now owns 459,918 shares of the company’s stock worth $5,528,000 after purchasing an additional 6,727 shares during the last quarter. Pivotal bioVenture Partners Investment Advisor LLC bought a new position in Fusion Pharmaceuticals during the fourth quarter worth $18,781,000. Federated Hermes Inc. lifted its stake in Fusion Pharmaceuticals by 2.9% during the fourth quarter. Federated Hermes Inc. now owns 525,000 shares of the company’s stock worth $6,169,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Norges Bank bought a new position in Fusion Pharmaceuticals during the fourth quarter worth $588,000. Institutional investors own 61.35% of the company’s stock.
About Fusion Pharmaceuticals
Fusion Pharmaceuticals Inc, a clinical-stage oncology company, focuses on developing radiopharmaceuticals as precision medicines. The company has developed Targeted Alpha Therapies platform together with its proprietary Fast-Clear linker technology to enable us to connect alpha particle emitting isotopes to antibodies and other targeting molecules in order to selectively deliver the alpha particle payloads to tumors.
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