MRSN has been the subject of several other research reports. HC Wainwright set a $33.00 price target on shares of Mersana Therapeutics and gave the stock a buy rating in a research report on Friday, March 2nd. Zacks Investment Research upgraded shares of Mersana Therapeutics from a sell rating to a hold rating in a research report on Thursday, January 11th. JPMorgan Chase cut shares of Mersana Therapeutics from an overweight rating to a neutral rating and set a $23.00 price target for the company. in a research report on Monday, March 19th. ValuEngine upgraded shares of Mersana Therapeutics from a strong sell rating to a sell rating in a research report on Friday, February 2nd. Finally, Leerink Swann reiterated an outperform rating on shares of Mersana Therapeutics in a research report on Wednesday, March 28th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $24.80.
Shares of NASDAQ:MRSN opened at $16.81 on Monday. Mersana Therapeutics has a one year low of $12.45 and a one year high of $21.01.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Candriam Luxembourg S.C.A. acquired a new position in Mersana Therapeutics during the fourth quarter valued at approximately $197,000. ArrowMark Colorado Holdings LLC grew its holdings in Mersana Therapeutics by 88.4% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 899,773 shares of the company’s stock valued at $14,783,000 after purchasing an additional 422,062 shares during the period. Allianz Asset Management GmbH acquired a new position in Mersana Therapeutics during the third quarter valued at approximately $1,419,000. Victory Capital Management Inc. grew its holdings in Mersana Therapeutics by 11.0% during the fourth quarter. Victory Capital Management Inc. now owns 57,930 shares of the company’s stock valued at $952,000 after purchasing an additional 5,730 shares during the period. Finally, California State Teachers Retirement System acquired a new position in Mersana Therapeutics during the third quarter valued at approximately $142,000. Hedge funds and other institutional investors own 75.43% of the company’s stock.
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About Mersana Therapeutics
Mersana Therapeutics, Inc is a United States-based biotechnology company focused on discovering and developing a pipeline of antibody drug conjugates (ADCs). The Company focuses on advancing a pipeline of targeted oncology therapeutics leveraging its Fleximer immunoconjugate technology. The Fleximer platform allows it to design ADCs with specific properties and manage the drug’s chances of attacking cancers.
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