Inozyme Pharma (NASDAQ:INZY – Get Free Report)‘s stock had its “outperform” rating reissued by Wedbush in a research note issued to investors on Tuesday, RTT News reports. They presently have a $15.00 price objective on the stock. Wedbush’s target price indicates a potential upside of 226.09% from the stock’s current price.
Other analysts also recently issued reports about the company. Needham & Company LLC reiterated a “buy” rating and set a $23.00 target price on shares of Inozyme Pharma in a research note on Tuesday, April 9th. Bank of America reduced their price target on shares of Inozyme Pharma from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday, April 9th. Finally, HC Wainwright restated a “buy” rating and set a $16.00 price objective on shares of Inozyme Pharma in a research report on Wednesday, March 13th.
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Inozyme Pharma Price Performance
Inozyme Pharma (NASDAQ:INZY – Get Free Report) last posted its quarterly earnings results on Tuesday, March 12th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.04). As a group, sell-side analysts anticipate that Inozyme Pharma will post -1.46 earnings per share for the current year.
Insider Buying and Selling
In other Inozyme Pharma news, CEO Douglas A. Treco sold 7,523 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $6.94, for a total transaction of $52,209.62. Following the transaction, the chief executive officer now directly owns 20,665 shares in the company, valued at approximately $143,415.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.88% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Inozyme Pharma
Several institutional investors have recently made changes to their positions in INZY. SG Americas Securities LLC purchased a new position in shares of Inozyme Pharma during the 3rd quarter worth $61,000. Strs Ohio acquired a new position in Inozyme Pharma in the third quarter valued at $41,000. FMR LLC grew its stake in Inozyme Pharma by 229.2% during the 3rd quarter. FMR LLC now owns 2,465,232 shares of the company’s stock worth $10,354,000 after buying an additional 1,716,398 shares during the last quarter. CHI Advisors LLC grew its position in shares of Inozyme Pharma by 6.3% during the third quarter. CHI Advisors LLC now owns 1,270,027 shares of the company’s stock worth $5,334,000 after acquiring an additional 75,000 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its stake in shares of Inozyme Pharma by 346.8% during the third quarter. Schonfeld Strategic Advisors LLC now owns 311,880 shares of the company’s stock worth $1,310,000 after buying an additional 242,080 shares during the period. 88.30% of the stock is owned by hedge funds and other institutional investors.
Inozyme Pharma Company Profile
Inozyme Pharma, Inc, a clinical-stage rare disease biopharmaceutical company, focuses on developing novel therapeutics for the treatment of vasculature, soft tissue, and skeleton diseases. The company's lead product candidate is INZ-701, a soluble, recombinant, genetically engineered, and fusion protein for the treatment of ENPP1 and ABCC6 deficiencies, as well as patients with end-stage kidney disease receiving hemodialysis.
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