SVB Leerink Research Analysts Increase Earnings Estimates for Molecular Partners AG (NASDAQ:MOLN)

Molecular Partners AG (NASDAQ:MOLNGet Rating) – Equities researchers at SVB Leerink upped their FY2022 EPS estimates for Molecular Partners in a research note issued to investors on Wednesday, November 23rd. SVB Leerink analyst D. Graybosch now forecasts that the company will earn $4.01 per share for the year, up from their prior estimate of $3.79. SVB Leerink currently has a “Market Perform” rating and a $8.00 target price on the stock. The consensus estimate for Molecular Partners’ current full-year earnings is $3.52 per share.

Molecular Partners (NASDAQ:MOLNGet Rating) last released its earnings results on Thursday, October 27th. The company reported ($0.42) earnings per share for the quarter. The company had revenue of $2.45 million for the quarter.

Separately, Royal Bank of Canada lowered shares of Molecular Partners from an “outperform” rating to a “sector perform” rating in a report on Tuesday, August 30th.

Molecular Partners Stock Performance

Shares of MOLN opened at $6.69 on Thursday. The company has a 50-day moving average price of $6.38 and a two-hundred day moving average price of $6.57. Molecular Partners has a 12 month low of $5.50 and a 12 month high of $32.04.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Federated Hermes Inc. boosted its holdings in Molecular Partners by 94.2% in the 1st quarter. Federated Hermes Inc. now owns 457,037 shares of the company’s stock valued at $9,264,000 after purchasing an additional 221,743 shares during the period. Tang Capital Management LLC acquired a new position in Molecular Partners during the 3rd quarter worth approximately $105,000. Finally, AlphaCentric Advisors LLC acquired a new position in Molecular Partners during the 3rd quarter worth approximately $218,000. 2.70% of the stock is currently owned by institutional investors and hedge funds.

About Molecular Partners

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Molecular Partners AG operates as a clinical-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of therapeutic proteins. Its products candidates include Abicipar, a DARPin therapeutic candidate, which is in Phase III clinical trials for the treatment of neovascular wet age-related macular degeneration, as well as for diabetic macular edema; and MP0420, a multi-specific DARPin therapeutic candidate for the SARS-CoV-2 virus.

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