TELA Bio (NASDAQ:TELA) Coverage Initiated at JMP Securities

JMP Securities initiated coverage on shares of TELA Bio (NASDAQ:TELA) in a research note published on Tuesday, Benzinga reports. The firm issued an outperform rating and a $22.00 price target on the stock.

A number of other brokerages have also issued reports on TELA. Canaccord Genuity began coverage on shares of TELA Bio in a research note on Tuesday. They set a buy rating and a $19.00 price target on the stock. Piper Jaffray Companies started coverage on shares of TELA Bio in a report on Tuesday. They set an overweight rating and a $17.00 price target for the company.

TELA stock opened at $12.96 on Tuesday. TELA Bio has a one year low of $10.78 and a one year high of $15.05.

In other TELA Bio news, Director Matt Zuga acquired 86,121 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were purchased at an average price of $12.09 per share, with a total value of $1,041,202.89. Also, major shareholder Orbimed Advisors Llc acquired 384,615 shares of the business’s stock in a transaction on Friday, November 8th. The stock was acquired at an average price of $12.09 per share, with a total value of $4,649,995.35.

About TELA Bio

TELA Bio, Inc, a medical technology company, focuses on the design, development, and marketing of tissue reinforcement materials to address unmet needs in soft tissue reconstruction. It offers reinforced tissue matrix products for a variety of reconstruction procedures, including hernia repair, abdominal wall reconstruction, and plastic and reconstructive surgery.

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