Structure Therapeutics (NASDAQ:GPCR – Get Free Report)‘s stock had its “overweight” rating reissued by research analysts at Cantor Fitzgerald in a research note issued to investors on Friday, Benzinga reports. They presently have a $65.00 target price on the stock. Cantor Fitzgerald’s target price suggests a potential upside of 65.44% from the company’s current price.
Separately, Lifesci Capital restated an “outperform” rating on shares of Structure Therapeutics in a research report on Tuesday, February 27th. Six analysts have rated the stock with a buy rating, According to MarketBeat, Structure Therapeutics currently has an average rating of “Buy” and a consensus target price of $85.71.
View Our Latest Analysis on Structure Therapeutics
Structure Therapeutics Stock Up 0.8 %
Structure Therapeutics (NASDAQ:GPCR – Get Free Report) last issued its quarterly earnings data on Friday, March 8th. The company reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.04. Research analysts anticipate that Structure Therapeutics will post -0.98 EPS for the current fiscal year.
Hedge Funds Weigh In On Structure Therapeutics
A number of institutional investors and hedge funds have recently modified their holdings of the business. Picton Mahoney Asset Management acquired a new position in shares of Structure Therapeutics during the 3rd quarter valued at $116,000. Sectoral Asset Management Inc. acquired a new stake in shares of Structure Therapeutics in the 4th quarter valued at about $139,000. ADAR1 Capital Management LLC bought a new stake in Structure Therapeutics in the 4th quarter valued at about $163,000. Washington University bought a new position in Structure Therapeutics in the third quarter worth approximately $215,000. Finally, China Universal Asset Management Co. Ltd. grew its stake in Structure Therapeutics by 208.4% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 4,349 shares of the company’s stock valued at $177,000 after acquiring an additional 2,939 shares during the period. 91.78% of the stock is currently owned by institutional investors.
Structure Therapeutics Company Profile
Structure Therapeutics Inc, a clinical stage global biopharmaceutical company, develops and delivers novel oral therapeutics to treat a range of chronic diseases with unmet medical needs. The company's lead product candidate is GSBR-1290, an oral and biased small molecule agonist of glucagon-like-peptide-1 receptor, a validated G-protein-coupled receptors (GPCRs) drug target for type-2 diabetes mellitus and obesity.
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