Gossamer Bio, Inc. (NASDAQ:GOSS) Receives $22.80 Consensus Price Target from Brokerages

Gossamer Bio, Inc. (NASDAQ:GOSS) has been given an average rating of “Buy” by the six ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $22.80.

GOSS has been the topic of several research analyst reports. Zacks Investment Research lowered Gossamer Bio from a “buy” rating to a “hold” rating in a research report on Tuesday, January 12th. HC Wainwright reissued a “buy” rating and set a $24.00 target price (up previously from $15.00) on shares of Gossamer Bio in a research report on Thursday, December 17th.

Shares of NASDAQ GOSS traded down $0.85 during midday trading on Tuesday, hitting $10.09. 1,206,427 shares of the company’s stock were exchanged, compared to its average volume of 631,664. The company has a debt-to-equity ratio of 0.46, a current ratio of 17.36 and a quick ratio of 17.36. Gossamer Bio has a twelve month low of $7.52 and a twelve month high of $16.79. The company has a market cap of $766.11 million, a PE ratio of -3.07 and a beta of 1.34. The firm’s fifty day simple moving average is $10.44 and its 200-day simple moving average is $10.92.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can increased its position in Gossamer Bio by 87.6% during the third quarter. Great West Life Assurance Co. Can now owns 7,100 shares of the company’s stock worth $29,000 after buying an additional 3,316 shares during the period. Cutler Group LP acquired a new position in shares of Gossamer Bio in the third quarter valued at approximately $31,000. Pacer Advisors Inc. increased its holdings in shares of Gossamer Bio by 92.3% in the fourth quarter. Pacer Advisors Inc. now owns 3,553 shares of the company’s stock valued at $34,000 after purchasing an additional 1,705 shares during the period. SG3 Management LLC acquired a new position in shares of Gossamer Bio in the third quarter valued at approximately $74,000. Finally, Dowling & Yahnke LLC acquired a new position in shares of Gossamer Bio in the third quarter valued at approximately $131,000. 71.96% of the stock is currently owned by institutional investors.

About Gossamer Bio

Gossamer Bio, Inc, a clinical-stage biopharmaceutical company, focuses on discovering, acquiring, developing, and commercializing therapeutics in the disease areas of immunology, inflammation, and oncology in the United States. It is developing GB001, an oral antagonist of prostaglandin D2 receptor 2, which is in Phase IIb clinical trial for the treatment of moderate-to-severe eosinophilic asthma; in Phase II clinical trial to treat patients with chronic rhinosinusitis both with and without nasal polyps; and in translational Phase 2 clinical trial in patients with chronic spontaneous urticarial.

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Analyst Recommendations for Gossamer Bio (NASDAQ:GOSS)

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