Merus (MRUS) Lowered to “Strong Sell” at BidaskClub

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Merus (NASDAQ:MRUS) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Thursday.

A number of other research firms have also recently weighed in on MRUS. Wedbush restated an “outperform” rating and issued a $34.00 price target (up previously from $26.00) on shares of Merus in a report on Friday, July 27th. ValuEngine cut Merus from a “buy” rating to a “hold” rating in a report on Monday, September 24th. Finally, Zacks Investment Research upgraded Merus from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Thursday, September 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Merus presently has an average rating of “Hold” and a consensus price target of $28.00.

MRUS opened at $15.00 on Thursday. The company has a market capitalization of $310.41 million, a P/E ratio of -3.50 and a beta of -0.21. Merus has a 1-year low of $12.00 and a 1-year high of $26.74.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. California Public Employees Retirement System acquired a new stake in Merus during the 2nd quarter valued at $228,000. Renaissance Technologies LLC grew its holdings in Merus by 26.8% during the 2nd quarter. Renaissance Technologies LLC now owns 48,200 shares of the biotechnology company’s stock valued at $1,097,000 after buying an additional 10,200 shares during the last quarter. Stanley Laman Group Ltd. grew its holdings in Merus by 23.7% during the 2nd quarter. Stanley Laman Group Ltd. now owns 57,396 shares of the biotechnology company’s stock valued at $1,306,000 after buying an additional 10,982 shares during the last quarter. DRW Securities LLC acquired a new stake in Merus during the 2nd quarter valued at $286,000. Finally, Millennium Management LLC acquired a new stake in Merus during the 1st quarter valued at $267,000. Institutional investors and hedge funds own 54.43% of the company’s stock.

About Merus

Merus N.V., a clinical-stage immuno-oncology company, engages in developing bispecific antibody therapeutics. Its bispecific antibody candidate pipeline includes MCLA-128, which is in a Phase II clinical trial for the treatment of patients with metastatic breast cancer; and Phase I/II study for treating gastric, ovarian, endometrial, and non-small cell lung cancers.

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