Gossamer Bio, Inc. (NASDAQ:GOSS) Given Consensus Rating of “Hold” by Brokerages

Shares of Gossamer Bio, Inc. (NASDAQ:GOSSGet Free Report) have been assigned a consensus recommendation of “Hold” from the ten research firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $5.00.

Several research firms recently issued reports on GOSS. Wedbush reiterated a “neutral” rating and issued a $1.00 price target (down from $6.00) on shares of Gossamer Bio in a report on Tuesday, February 24th. Royal Bank Of Canada upgraded Gossamer Bio to an “outperform” rating in a report on Tuesday, February 24th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Gossamer Bio in a report on Monday, March 23rd. Leerink Partners cut Gossamer Bio from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Finally, Weiss Ratings cut Gossamer Bio from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 19th.

Check Out Our Latest Stock Analysis on Gossamer Bio

Gossamer Bio News Roundup

Here are the key news stories impacting Gossamer Bio this week:

Hedge Funds Weigh In On Gossamer Bio

Several hedge funds have recently added to or reduced their stakes in GOSS. Kalehua Capital Management LLC bought a new position in Gossamer Bio in the first quarter valued at about $3,363,000. State Street Corp boosted its holdings in Gossamer Bio by 139.7% in the fourth quarter. State Street Corp now owns 9,310,969 shares of the company’s stock valued at $28,864,000 after acquiring an additional 5,427,302 shares during the last quarter. Corient Private Wealth LLC lifted its stake in Gossamer Bio by 19,123.7% in the fourth quarter. Corient Private Wealth LLC now owns 3,845,885 shares of the company’s stock valued at $11,922,000 after buying an additional 3,825,879 shares during the period. Millennium Management LLC boosted its holdings in Gossamer Bio by 629.3% during the third quarter. Millennium Management LLC now owns 3,619,329 shares of the company’s stock worth $9,519,000 after buying an additional 3,123,081 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in Gossamer Bio by 4,196.2% during the third quarter. Bank of America Corp DE now owns 2,881,904 shares of the company’s stock worth $7,579,000 after buying an additional 2,814,824 shares during the last quarter. Institutional investors own 81.23% of the company’s stock.

Gossamer Bio Stock Performance

Shares of GOSS stock opened at $0.21 on Monday. The stock’s fifty day moving average is $0.36 and its 200-day moving average is $1.75. The stock has a market capitalization of $49.31 million, a PE ratio of -0.27 and a beta of 2.15. Gossamer Bio has a 52 week low of $0.16 and a 52 week high of $3.87.

Gossamer Bio (NASDAQ:GOSSGet Free Report) last announced its earnings results on Monday, May 18th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.03). The firm had revenue of $16.96 million during the quarter, compared to the consensus estimate of $4.67 million. As a group, analysts forecast that Gossamer Bio will post -0.47 earnings per share for the current fiscal year.

About Gossamer Bio

(Get Free Report)

Gossamer Bio, Inc is a clinical-stage biopharmaceutical company headquartered in San Diego, California. Founded in 2012, the company is focused on discovering and developing oral, once-daily therapies for immune-mediated and inflammatory diseases, as well as oncology indications. Gossamer Bio leverages a deep pipeline of small-molecule candidates aimed at improving patient outcomes in areas of high unmet need.

The company’s lead programs include GB004, an S1P1 receptor modulator in late-stage development for ulcerative colitis, and GB1275, a CD11b modulator being investigated in solid tumors and hematologic malignancies.

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Analyst Recommendations for Gossamer Bio (NASDAQ:GOSS)

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