Kezar Life Sciences (KZR) Posts Earnings Results, Beats Expectations By $0.18 EPS

Kezar Life Sciences (NASDAQ:KZR) released its earnings results on Thursday. The company reported ($0.30) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.48) by $0.18, MarketWatch Earnings reports.

Shares of KZR stock traded up $0.24 during trading hours on Friday, reaching $24.24. 2,422 shares of the stock were exchanged, compared to its average volume of 65,990. Kezar Life Sciences has a 12-month low of $14.77 and a 12-month high of $26.86.

A number of analysts recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Kezar Life Sciences in a research note on Monday, July 16th. They set a “buy” rating and a $23.00 target price on the stock. William Blair assumed coverage on shares of Kezar Life Sciences in a research note on Monday, July 16th. They set an “outperform” rating on the stock. Zacks Investment Research upgraded shares of Kezar Life Sciences from a “sell” rating to a “hold” rating in a research note on Thursday. Wells Fargo & Co assumed coverage on shares of Kezar Life Sciences in a research note on Monday, July 16th. They set an “outperform” rating and a $30.00 target price on the stock. Finally, Cowen assumed coverage on shares of Kezar Life Sciences in a research note on Monday, July 16th. They set an “outperform” rating on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $26.50.

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Kezar Life Sciences Company Profile

Kezar Life Sciences, Inc, a clinical-stage biotechnology company, engages in the discovery and development of small molecule therapeutics to treat unmet needs in autoimmunity and cancer in the United States. Its lead product candidate, KZR-616, a selective immunoproteasome inhibitor that is in Phase 1b/2 clinical trials in lupus and lupus nephritis The company was incorporated in 2015 and is headquartered in South San Francisco, California.

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