Passage Bio (NASDAQ:ZNTL) Shares Down 1.2%

Passage Bio (NASDAQ:ZNTL) shares dropped 1.2% on Monday . The company traded as low as $47.83 and last traded at $47.29, approximately 4,037 shares traded hands during trading. A decline of 99% from the average daily volume of 328,337 shares. The stock had previously closed at $47.85.

ZNTL has been the topic of a number of recent analyst reports. Zacks Investment Research reissued a “hold” rating and set a $47.00 price target on shares of Passage Bio in a research report on Saturday, May 30th. Guggenheim began coverage on shares of Passage Bio in a research report on Tuesday, April 28th. They issued a “buy” rating and a $45.00 price objective on the stock. Jefferies Financial Group began coverage on shares of Passage Bio in a research report on Tuesday, April 28th. They issued a “buy” rating and a $41.00 price objective on the stock. SVB Leerink began coverage on shares of Passage Bio in a research report on Tuesday, April 28th. They issued an “outperform” rating and a $45.00 price objective on the stock. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $45.00 price objective on shares of Passage Bio in a research report on Tuesday, May 12th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $44.60.

The firm has a 50 day moving average price of $44.91.

Passage Bio (NASDAQ:ZNTL) last posted its earnings results on Friday, May 15th. The company reported ($2.88) earnings per share for the quarter, missing the consensus estimate of ($0.70) by ($2.18). Equities analysts anticipate that Passage Bio will post -3.23 earnings per share for the current year.

In other Passage Bio news, major shareholder Global Investors Lp Viking bought 725,000 shares of Passage Bio stock in a transaction dated Tuesday, April 7th. The stock was purchased at an average price of $24.80 per share, for a total transaction of $17,980,000.00.

About Passage Bio (NASDAQ:ZNTL)

Zentalis Pharmaceuticals, LLC, a clinical-stage biopharmaceutical company, focuses on discovering and developing small molecule therapeutics targeting fundamental biological pathways of cancers in the United States. Its lead product candidate is the ZN-c5, an oral selective estrogen receptor degrader that is in a Phase I/II clinical trial for the treatment of breast cancer.

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