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PureTech Health (NASDAQ:PRTC) Shares Gap Down - What's Next?

PureTech Health logo with Medical background

PureTech Health plc (NASDAQ:PRTC - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $22.15, but opened at $21.00. PureTech Health shares last traded at $21.00, with a volume of 600 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PRTC shares. Leerink Partners assumed coverage on PureTech Health in a research note on Monday, September 9th. They set an "outperform" rating and a $45.00 target price for the company. Leerink Partnrs raised shares of PureTech Health to a "strong-buy" rating in a research report on Monday, September 9th.

Check Out Our Latest Stock Report on PRTC

PureTech Health Trading Down 1.6 %

The firm's fifty day moving average price is $21.21 and its two-hundred day moving average price is $22.49.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in PureTech Health stock. Birch Hill Investment Advisors LLC acquired a new stake in shares of PureTech Health plc (NASDAQ:PRTC - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 302,000 shares of the company's stock, valued at approximately $7,550,000. Birch Hill Investment Advisors LLC owned approximately 1.26% of PureTech Health as of its most recent SEC filing. 0.04% of the stock is owned by institutional investors.

PureTech Health Company Profile

(Get Free Report)

PureTech Health plc, engages in the development and commercialization of biotechnology and pharmaceutical solutions in the United States. The company is developing LYT-100, which is under Phase 2 stage, to treat idiopathic pulmonary fibrosis (IPF); and LYT-200, a IgG4 monoclonal antibody, currently under Phase 1/2 stage, targeting galectin-9 for treating solid tumors and hematological malignancies.

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