Wave Life Sciences (WVE) Gets a Buy Rating from Mizuho Securities
Mizuho Securities analyst Salim Syed maintained a Buy rating on Wave Life Sciences (WVE) yesterday and set a price target of $65. The company’s shares closed on Friday at $34.08, close to its 52-week low of $32.25.
According to TipRanks.com, Syed is a 2-star analyst with an average return of 0.3% and a 47.4% success rate. Syed covers the Healthcare sector, focusing on stocks such as Unity Biotechnology Inc, Atara Biotherapeutics, and Gilead Sciences.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Wave Life Sciences with a $55.67 average price target.
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The company has a one-year high of $56 and a one-year low of $32.25. Currently, Wave Life Sciences has an average volume of 423.7K.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WVE in relation to earlier this year.
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Wave Life Sciences Ltd. is a biotechnology company, which engages in the development of proprietary synthetic chemistry drug. It focuses on the design, development, and commercialization of nucleic acid-based therapeutics. The company was founded by Gregory L. Verdine and Takeshi Wada on July 23, 2012 and is headquartered in Singapore.