89bio (NASDAQ:ETNB) Coverage Initiated by Analysts at Leerink Swann

Equities researchers at Leerink Swann started coverage on shares of 89bio (NASDAQ:ETNB) in a research note issued to investors on Monday, The Fly reports. The firm set an “outperform” rating on the stock.

A number of other equities analysts have also recently weighed in on ETNB. Bank of America started coverage on shares of 89bio in a research report on Monday. They set a “neutral” rating for the company. Royal Bank of Canada began coverage on shares of 89bio in a report on Monday. They set an “outperform” rating on the stock.

89bio stock opened at $28.60 on Monday. 89bio has a 1 year low of $16.60 and a 1 year high of $46.19.

In other news, major shareholder Longitude Capital Partners Iii acquired 575,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were bought at an average price of $27.00 per share, for a total transaction of $15,525,000.00. Also, Director Orbimed Advisors Llc acquired 837,500 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was purchased at an average price of $27.00 per share, for a total transaction of $22,612,500.00.

About 89bio

89bio, Inc, a clinical-stage biopharmaceutical company, focuses on the development and commercialization of therapies for the treatment of liver and cardio-metabolic diseases. Its lead product candidate, BIO89-100, a glycoPEGylated analog of fibroblast growth factor 21 that is being developed for the treatment of nonalcoholic steatohepatitis.

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