Synthorx (NASDAQ:THOR) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Synthorx (NASDAQ:THOR) from a hold rating to a buy rating in a research note issued to investors on Thursday, Zacks.com reports. The brokerage currently has $17.00 price target on the medical instruments supplier’s stock.

According to Zacks, “Synthorx Inc. is a biopharmaceutical company which focuses on cancer and autoimmune disorders. The company’s product pipeline consists of THOR-707, IL-2 autoimmune synthorin, IL-10 synthorin and IL-15 synthorin which are in clinical stage. Synthorx Inc. is based in La Jolla, CA. “

Separately, HC Wainwright reissued a buy rating on shares of Pulse Biosciences in a report on Wednesday, May 1st. Five equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of Buy and an average price target of $22.67.

THOR opened at $16.54 on Thursday. The firm has a market cap of $531.63 million and a price-to-earnings ratio of -2.51. Synthorx has a 52-week low of $11.00 and a 52-week high of $23.53. The stock’s fifty day moving average is $13.90.

Synthorx (NASDAQ:THOR) last released its earnings results on Tuesday, April 30th. The medical instruments supplier reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.03). On average, sell-side analysts forecast that Synthorx will post -1.57 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC acquired a new position in Synthorx during the 4th quarter worth approximately $38,559,000. Strs Ohio acquired a new position in Synthorx during the 1st quarter worth approximately $38,000. Matisse Capital boosted its position in Synthorx by 16.9% during the 1st quarter. Matisse Capital now owns 64,333 shares of the medical instruments supplier’s stock worth $1,310,000 after acquiring an additional 9,300 shares during the last quarter. Finally, Emory University acquired a new position in Synthorx during the 1st quarter worth approximately $2,439,000. 66.08% of the stock is currently owned by institutional investors.

About Synthorx

Synthorx, Inc, a biopharmaceutical company, focuses on the development of cytokine Synthorin programs for the treatment of cancer and autoimmune disorders in the United States. The company's lead product candidate is THOR-707, a variant of recombinant human IL-2 that is in the development in various solid tumor types as a single agent and in combination with an immune checkpoint inhibitor.

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