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Septerna (NASDAQ:SEPN) Shares Gap Up - Time to Buy?

Septerna logo with Medical background

Septerna, Inc. (NASDAQ:SEPN - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $18.48, but opened at $19.02. Septerna shares last traded at $17.73, with a volume of 12,754 shares traded.

Analyst Upgrades and Downgrades

SEPN has been the subject of several research reports. JPMorgan Chase & Co. assumed coverage on Septerna in a research note on Tuesday, November 19th. They issued an "overweight" rating and a $38.00 target price for the company. Cantor Fitzgerald began coverage on Septerna in a research report on Tuesday, November 19th. They issued an "overweight" rating and a $50.00 price objective for the company. Wells Fargo & Company started coverage on shares of Septerna in a research report on Tuesday, November 19th. They set an "overweight" rating and a $43.00 target price on the stock. Finally, TD Cowen started coverage on shares of Septerna in a research report on Tuesday, November 19th. They set a "buy" rating for the company.

Check Out Our Latest Research Report on Septerna

Septerna Stock Down 12.6 %

The business has a fifty day moving average price of $22.18.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Septerna stock. SG Americas Securities LLC bought a new position in Septerna, Inc. (NASDAQ:SEPN - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 8,095 shares of the company's stock, valued at approximately $185,000.

About Septerna

(Get Free Report)

We are a clinical-stage biotechnology company pioneering a new era of G protein-coupled receptor (GPCR) oral small molecule drug discovery powered by our proprietary Native Complex Platform™. Our industrial-scale platform aims to unlock the full potential of GPCR therapies and has led to the discovery and development of our deep pipeline of product candidates focused initially on treating patients in three therapeutic areas: endocrinology, immunology and inflammation, and metabolic diseases.

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