Myovant Sciences (MYOV) Downgraded by Barclays

Barclays downgraded shares of Myovant Sciences (NYSE:MYOV) from an overweight rating to an equal weight rating in a research note issued to investors on Thursday, Marketbeat reports. They currently have $18.00 price objective on the stock.

A number of other analysts have also commented on the company. ValuEngine raised Myovant Sciences from a sell rating to a hold rating in a research report on Wednesday. Zacks Investment Research lowered Myovant Sciences from a hold rating to a sell rating in a research report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $21.00.

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Shares of Myovant Sciences stock opened at $21.20 on Thursday. Myovant Sciences has a one year low of $9.92 and a one year high of $24.14. The company has a debt-to-equity ratio of 0.35, a current ratio of 5.04 and a quick ratio of 5.04.

Myovant Sciences (NYSE:MYOV) last issued its earnings results on Tuesday, February 13th. The company reported ($0.70) EPS for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.28). equities research analysts anticipate that Myovant Sciences will post -2.35 EPS for the current fiscal year.

In related news, major shareholder Pharmaceuticals Interna Takeda acquired 7,420,625 shares of the firm’s stock in a transaction on Monday, March 19th. The stock was purchased at an average cost of $18.67 per share, with a total value of $138,543,068.75. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Holdings Ltd. Dexxon acquired 1,110,015 shares of the firm’s stock in a transaction on Monday, April 2nd. The shares were bought at an average cost of $20.27 per share, with a total value of $22,500,004.05. The disclosure for this purchase can be found here. Insiders own 3.00% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of MYOV. JPMorgan Chase & Co. increased its holdings in Myovant Sciences by 18.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 91,213 shares of the company’s stock worth $1,382,000 after purchasing an additional 14,203 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Myovant Sciences during the 3rd quarter worth approximately $1,255,000. Finally, Ardsley Advisory Partners bought a new stake in Myovant Sciences during the 4th quarter worth approximately $1,272,000. 81.44% of the stock is owned by hedge funds and other institutional investors.

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Myovant Sciences Company Profile

Myovant Sciences Ltd., a clinical-stage biopharmaceutical company, focuses on developing and commercializing therapies for women's health and endocrine diseases. The company's lead product is relugolix, an oral, once-daily, small molecule that acts as a gonadotropin-releasing hormone receptor antagonist, for the treatment of heavy menstrual bleeding related with uterine fibroids, endometriosis-associated pain, and advanced prostate cancer.

Analyst Recommendations for Myovant Sciences (NYSE:MYOV)

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