Monashee Investment Management LLC Takes $1.19 Million Position in Prevail Therapeutics Inc. (NASDAQ:PRVL)

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Monashee Investment Management LLC acquired a new stake in shares of Prevail Therapeutics Inc. (NASDAQ:PRVL) in the 2nd quarter, HoldingsChannel reports. The fund acquired 90,000 shares of the company’s stock, valued at approximately $1,188,000.

Separately, SG Americas Securities LLC acquired a new position in Prevail Therapeutics during the 2nd quarter worth about $194,000. Institutional investors and hedge funds own 8.19% of the company’s stock.

Several research analysts have commented on the company. Morgan Stanley assumed coverage on Prevail Therapeutics in a report on Monday, July 15th. They set an “overweight” rating and a $20.00 target price on the stock. Cowen assumed coverage on Prevail Therapeutics in a report on Monday, July 15th. They set an “outperform” rating on the stock. Wedbush reaffirmed an “outperform” rating and set a $20.00 target price (down from $25.00) on shares of Prevail Therapeutics in a report on Thursday, August 15th. Finally, Bank of America assumed coverage on Prevail Therapeutics in a report on Monday, July 15th. They set a “buy” rating and a $15.00 target price on the stock.

Shares of NASDAQ:PRVL traded up $0.44 during midday trading on Tuesday, reaching $11.98. The company’s stock had a trading volume of 1,509 shares, compared to its average volume of 54,233. The stock has a 50 day moving average of $11.22. Prevail Therapeutics Inc. has a fifty-two week low of $7.41 and a fifty-two week high of $16.90.

Prevail Therapeutics (NASDAQ:PRVL) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.58) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.24) by $0.66. Research analysts predict that Prevail Therapeutics Inc. will post -2.53 EPS for the current fiscal year.

In other Prevail Therapeutics news, Director Carl L. Gordon acquired 882,352 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were bought at an average cost of $17.00 per share, with a total value of $14,999,984.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Prevail Therapeutics Company Profile

Prevail Therapeutics Inc, a gene therapy company, focuses on developing and commercializing disease-modifying AAV-based gene therapies for patients with devastating neurodegenerative diseases. The company's lead product candidate is PR001 for the treatment of Parkinson's disease with GBA1 mutation and neuronopathic Gaucher disease.

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Institutional Ownership by Quarter for Prevail Therapeutics (NASDAQ:PRVL)

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