Merus (NASDAQ:MRUS – Get a rating) – Jefferies Financial Group lowered its fiscal 2026 earnings estimate for Merus in a note to investors on Tuesday, May 10. Jefferies Financial Group analyst Raycroft now expects the biotech company to post earnings per share of $1.00 for the year, down from its previous estimate of $1.09. Merus (NASDAQ:MRUS – Get a rating) last released its quarterly results on Monday, February 28. The biotech company reported ($0.34) earnings per share (EPS) for the quarter, beating analyst consensus estimates of ($0.58) by $0.24. The company posted revenue of $14.71 million in the quarter, compared to analyst estimates of $12.39 million. Merus had a negative net margin of 135.65% and a negative return on equity of 27.26%.
A number of other analysts have also published reports on MRUS. Needham & Company LLC assumed coverage for Merus shares in a Thursday, Feb. 10 research note. They issued a “buy” rating and a price target of $45.00 for the company. BMO Capital Markets assumed coverage of Merus shares in a Friday, Feb. 11 research note. They issued an “outperform” rating and a price target of $45.00 for the company. Zacks Investment Research downgraded Merus shares from a “buy” to a “hold” rating in a Friday, March 4, research memo. StockNews.com began covering Merus shares in a report on Thursday, March 31. They issued a “hold” rating for the company. Finally, HC Wainwright reaffirmed a “buy” rating on Merus shares in a report on Tuesday. Three investment analysts gave the stock a hold rating and eight gave the company a buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $38.89.
NASDAQ:MRUS shares opened at $16.26 on Thursday. The company has a fifty-day simple moving average of $24.71 and a 200-day simple moving average of $26.70. The company has a market capitalization of $708.11 million, a PE ratio of -9.45 and a beta of 1.11. Merus has a 12-month low of $16.06 and a 12-month high of $33.09.
In other news, Executive Vice President Peter B. Silverman sold 60,000 shares of the company in a trade Thursday, March 10. The shares were sold at an average price of $26.95, for a total transaction of $1,617,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, available at the SEC website. Insiders hold 2.90% of the shares of the company.
Institutional investors and hedge funds have recently changed their positions in the company. DekaBank Deutsche Girozentrale acquired a new position in shares of Merus during the fourth quarter worth $127,000. BlackRock Inc. increased its holdings of Merus shares by 11.0% during the third quarter. BlackRock Inc. now owns 279,316 shares of the biotech company valued at $6,144,000 after acquiring an additional 27,740 shares during the period. Wellington Management Group LLP increased its holdings of Merus shares by 134.9% during the third quarter. Wellington Management Group LLP now owns 5,009,204 shares of the biotech company valued at $110,201,000 after acquiring an additional 2,876,971 shares during the period. Macquarie Group Ltd. increased its holdings of Merus shares by 104.5% during the third quarter. Macquarie Group Ltd. now owns 2,585 shares of the biotech company valued at $57,000 after acquiring 1,321 additional shares during the period. Finally, Citigroup Inc. increased its stake in Merus by 1,407.9% in the third quarter. Citigroup Inc. now owns 117,297 shares of the biotech company worth $2,581,000 after purchasing an additional 109,518 shares during the period. 85.32% of the shares are held by institutional investors.
Merus Company Profile (Get a rating)
Merus NV, a clinical-stage immuno-oncology company, engages in the discovery and development of bispecific antibody therapeutics in the Netherlands. Its pipeline of bispecific antibody candidates includes Zenocutuzumab (MCLA-128), which is in Phase 2 clinical trials for the treatment of patients with metastatic breast cancer, as well as in Phase 1/2 clinical trials for the treatment of solid tumors that harbor Neuregulin 1.
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