Shares of Biomea Fusion, Inc. (NASDAQ:BMEA - Get Free Report) have been given an average recommendation of "Buy" by the thirteen brokerages that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $39.36.
A number of equities research analysts recently weighed in on BMEA shares. D. Boral Capital reaffirmed a "buy" rating and set a $128.00 price objective on shares of Biomea Fusion in a research report on Friday, January 10th. HC Wainwright reaffirmed a "buy" rating and set a $40.00 price objective on shares of Biomea Fusion in a research report on Tuesday, January 14th.
Read Our Latest Stock Report on BMEA
Biomea Fusion Stock Performance
Shares of Biomea Fusion stock traded up $0.15 during trading on Friday, reaching $2.91. The company had a trading volume of 615,018 shares, compared to its average volume of 970,640. The company has a market cap of $105.46 million, a price-to-earnings ratio of -0.73 and a beta of -0.34. The firm's fifty day moving average is $3.79 and its 200-day moving average is $6.55. Biomea Fusion has a fifty-two week low of $2.50 and a fifty-two week high of $18.40.
Institutional Trading of Biomea Fusion
A number of institutional investors have recently made changes to their positions in BMEA. Quest Partners LLC lifted its stake in shares of Biomea Fusion by 528.3% in the 3rd quarter. Quest Partners LLC now owns 19,553 shares of the company's stock worth $197,000 after acquiring an additional 16,441 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Biomea Fusion by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 208,391 shares of the company's stock worth $2,105,000 after acquiring an additional 7,551 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in shares of Biomea Fusion in the 3rd quarter worth approximately $111,000. FMR LLC lifted its stake in shares of Biomea Fusion by 0.7% in the 3rd quarter. FMR LLC now owns 5,431,525 shares of the company's stock worth $54,858,000 after acquiring an additional 39,959 shares during the period. Finally, Wexford Capital LP lifted its stake in shares of Biomea Fusion by 26.9% in the 3rd quarter. Wexford Capital LP now owns 130,336 shares of the company's stock worth $1,316,000 after acquiring an additional 27,619 shares during the period. 96.72% of the stock is owned by institutional investors and hedge funds.
Biomea Fusion Company Profile
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Get Free ReportBiomea Fusion, Inc, a clinical-stage biopharmaceutical company, focuses on the discovery and development of covalent small molecule drugs to treat patients with genetically defined cancers and metabolic diseases. Its lead product candidate is BMF-219, a covalent inhibitor of menin for treating patients with liquid and solid tumors and type 2 diabetes.
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