AdvisorShares Investments LLC Purchases 5,132 Shares of GH Research PLC (NASDAQ:GHRS)

AdvisorShares Investments LLC lifted its stake in shares of GH Research PLC (NASDAQ:GHRSGet Rating) by 36.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,374 shares of the company’s stock after acquiring an additional 5,132 shares during the quarter. AdvisorShares Investments LLC’s holdings in GH Research were worth $354,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in GHRS. Virtus ETF Advisers LLC purchased a new stake in shares of GH Research during the 4th quarter worth approximately $165,000. Point72 Asset Management L.P. purchased a new stake in shares of GH Research during the 4th quarter worth approximately $7,256,000. Deep Track Capital LP purchased a new stake in shares of GH Research during the 4th quarter worth approximately $11,651,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of GH Research during the 4th quarter worth approximately $3,168,000. 78.06% of the stock is currently owned by institutional investors.

GH Research Stock Up 29.8 %

Shares of GH Research stock opened at $15.80 on Friday. The stock’s fifty day moving average is $11.01 and its two-hundred day moving average is $14.29. The company has a market capitalization of $798.22 million, a PE ratio of -54.48 and a beta of 1.37. GH Research PLC has a 52 week low of $8.72 and a 52 week high of $30.43.

GH Research (NASDAQ:GHRSGet Rating) last announced its quarterly earnings data on Wednesday, May 18th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.05. As a group, research analysts anticipate that GH Research PLC will post -0.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Canaccord Genuity Group decreased their price objective on GH Research from $45.00 to $41.00 and set a “buy” rating on the stock in a report on Wednesday, April 13th. Roth Capital assumed coverage on GH Research in a report on Wednesday, June 15th. They set a “buy” rating and a $66.00 price target on the stock.

GH Research Company Profile

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GH Research PLC, a clinical-stage biopharmaceutical company, engages in developing various therapies for the treatment of psychiatric and neurological disorders. The company focuses on developing 5-Methoxy-N,N-Dimethyltryptamine (5-MeO-DMT) therapies for the treatment of patients with treatment-resistant depression (TRD).

Further Reading

Institutional Ownership by Quarter for GH Research (NASDAQ:GHRS)

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