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Moderna (MRNA) Receives a Hold from Needham

Needham analyst Joseph Stringer maintained a Hold rating on Moderna (MRNAResearch Report) today. The company’s shares closed last Thursday at $179.68, close to its 52-week low of $117.34.

According to TipRanks.com, Stringer has 0 stars on 0-5 stars ranking scale with an average return of -19.5% and a 30.1% success rate. Stringer covers the Healthcare sector, focusing on stocks such as Apellis Pharmaceuticals, Phathom Pharmaceuticals, and Lexicon Pharmaceuticals.

Moderna has an analyst consensus of Moderate Buy, with a price target consensus of $274.20, representing a 55.9% upside. In a report issued on March 21, Bank of America Securities also maintained a Hold rating on the stock with a $180.00 price target.

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The company has a one-year high of $497.49 and a one-year low of $117.34. Currently, Moderna has an average volume of 8.47M.

Based on the recent corporate insider activity of 234 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MRNA in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Incorporated in 2010, Massachusetts-based Moderna, Inc. is a clinical stage biotechnology company which develops therapeutics and vaccines based on messenger ribonucleic acid (mRNA) for the treatment of infectious diseases, immuno-oncology, rare diseases, and cardiovascular diseases. Its product pipeline includes the following modalities: prophylactic vaccines, cancer vaccines, intratumoral immuno-oncology, localized regenerative therapeutics, systemic secreted therapeutics, and systemic intracellular therapeutics.

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