Aura Biosciences (NASDAQ:AURA) Raised to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Aura Biosciences (NASDAQ:AURA – Get Rating) from a hold rating to a buy rating in a report issued on Wednesday morning, Zacks.com reports. Zacks Investment Research currently has $19.00 target price on the stock.

According to Zacks, “Aura Biosciences Inc. is a clinical-stage oncology company developing a novel technology platform based on virus-like drug conjugates to target and destroy cancer cells selectively while activating the immune system. The company’s lead product candidate includes AU-011. Aura Biosciences Inc. is based in CAMBRIDGE, Mass. “

AURA stock opened at $17.01 on Wednesday. Aura Biosciences has a 1 year low of $13.50 and a 1 year high of $26.16. The stock’s fifty day moving average price is $18.40 and its 200-day moving average price is $18.41.

Aura Biosciences (NASDAQ:AURA – Get Rating) last released its quarterly earnings results on Thursday, May 12th. The company reported ($0.44) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.58) by $0.14. On average, equities research analysts expect that Aura Biosciences will post -2.03 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Citigroup Inc. bought a new stake in Aura Biosciences during the fourth quarter valued at about $31,000. New York State Common Retirement Fund bought a new stake in Aura Biosciences during the fourth quarter valued at about $45,000. California State Teachers Retirement System bought a new stake in Aura Biosciences during the fourth quarter valued at about $51,000. Wells Fargo & Company MN bought a new stake in Aura Biosciences during the fourth quarter valued at about $55,000. Finally, Deutsche Bank AG bought a new stake in Aura Biosciences during the fourth quarter valued at about $56,000. 51.69% of the stock is currently owned by institutional investors.

Aura Biosciences Company Profile (Get Rating)

Aura Biosciences, Inc operates as a biotechnology company that develops therapies to treat cancer. The company develops virus-like drug conjugates (VDC) technology platform for the treat tumors of high unmet need in ocular and urologic oncology. It develops AU-011, a VDC candidate for the treatment of primary choroidal melanoma.

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