Monashee Investment Management LLC purchased a new stake in shares of Zura Bio Limited (NASDAQ:ZURA – Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 240,000 shares of the company’s stock, valued at approximately $1,968,000. Monashee Investment Management LLC owned 0.89% of Zura Bio at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. purchased a new position in shares of Zura Bio in the second quarter valued at $598,000. Raymond James & Associates purchased a new position in Zura Bio during the 2nd quarter valued at about $557,000. Finally, American International Group Inc. acquired a new position in Zura Bio during the second quarter worth about $30,000.
Zura Bio Stock Up 5.0 %
Shares of NASDAQ:ZURA traded up $0.21 during trading on Monday, reaching $4.44. 24,269 shares of the stock were exchanged, compared to its average volume of 325,656. The firm’s 50-day moving average price is $5.69 and its 200 day moving average price is $6.50. Zura Bio Limited has a 12-month low of $3.91 and a 12-month high of $37.55.
Analyst Ratings Changes
ZURA has been the topic of several recent analyst reports. Chardan Capital reissued a “buy” rating on shares of Zura Bio in a research note on Thursday, August 17th. Raymond James raised their price objective on Zura Bio from $20.00 to $22.00 and gave the stock a “strong-buy” rating in a report on Tuesday, August 15th. LADENBURG THALM/SH SH started coverage on Zura Bio in a research note on Tuesday, October 10th. They issued a “buy” rating and a $10.00 price target on the stock. Finally, Oppenheimer initiated coverage on shares of Zura Bio in a research note on Thursday, August 24th. They set an “outperform” rating and a $17.00 price target on the stock. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $16.60.
Zura Bio Company Profile
Zura Bio Limited, a clinical-stage biotechnology company, focuses on developing novel medicines for immune and inflammatory disorders. It develops ZB-168, an anti IL7R a inhibitor that impact on diseases driven by IL7 and TSLP biological pathways; and Torudokimab, a monoclonal antibody that neutralizes IL33, which is in Phase 2 clinical trial development.
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