Moderna (MRNA) Receives a Sell from SVB Securities

SVB Securities analyst Mani Foroohar reiterated a Sell rating on Moderna (MRNAResearch Report) yesterday and set a price target of $74.00. The company’s shares closed last Thursday at $194.18.

According to TipRanks.com, Foroohar ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -19.8% and a 35.9% success rate. Foroohar covers the Healthcare sector, focusing on stocks such as Arrowhead Pharmaceuticals, Recursion Pharmaceuticals, and 4D Molecular Therapeutics.

Moderna has an analyst consensus of Moderate Buy, with a price target consensus of $211.60.

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The company has a one-year high of $497.49 and a one-year low of $115.61. Currently, Moderna has an average volume of 5.65M.

Based on the recent corporate insider activity of 199 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.

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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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