Analysts Set Elevation Oncology, Inc. (NASDAQ:ELEV) Price Target at $7.20

Shares of Elevation Oncology, Inc. (NASDAQ:ELEVGet Free Report) have received an average rating of “Buy” from the six brokerages that are presently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have covered the stock in the last year is $7.20.

Several brokerages recently issued reports on ELEV. JMP Securities restated a “market outperform” rating and set a $7.00 price objective on shares of Elevation Oncology in a research note on Thursday, December 19th. William Blair began coverage on shares of Elevation Oncology in a research report on Friday. They issued an “outperform” rating on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $6.00 price target on shares of Elevation Oncology in a report on Friday, December 13th. Finally, Stephens reiterated an “overweight” rating and set a $5.00 price objective on shares of Elevation Oncology in a research note on Friday, December 6th.

Check Out Our Latest Research Report on ELEV

Elevation Oncology Price Performance

ELEV opened at $0.66 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 17.77 and a current ratio of 17.77. Elevation Oncology has a 1-year low of $0.50 and a 1-year high of $5.83. The company has a 50-day moving average of $0.61 and a 200-day moving average of $1.11. The company has a market capitalization of $39.24 million, a P/E ratio of -0.81 and a beta of 1.24.

Elevation Oncology (NASDAQ:ELEVGet Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.02). Equities analysts expect that Elevation Oncology will post -0.85 EPS for the current fiscal year.

Institutional Trading of Elevation Oncology

A number of large investors have recently modified their holdings of the company. American Century Companies Inc. grew its position in Elevation Oncology by 55.7% in the 2nd quarter. American Century Companies Inc. now owns 49,222 shares of the company’s stock worth $133,000 after purchasing an additional 17,602 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Elevation Oncology during the second quarter worth approximately $103,000. JPMorgan Chase & Co. grew its holdings in Elevation Oncology by 175.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 61,334 shares of the company’s stock worth $37,000 after buying an additional 39,101 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Elevation Oncology in the 3rd quarter valued at approximately $28,000. Finally, Barclays PLC increased its position in Elevation Oncology by 302.4% in the 3rd quarter. Barclays PLC now owns 72,077 shares of the company’s stock valued at $43,000 after acquiring an additional 54,167 shares during the period. Institutional investors and hedge funds own 83.70% of the company’s stock.

About Elevation Oncology

(Get Free Report

Elevation Oncology, Inc, an oncology company, focuses on the discovery and development of cancer therapies to treat patients across a range of solid tumors with significant unmet medical needs. The company's lead candidate is EO-3021, an antibody-drug conjugate designed to target Claudin 18.2, a clinically validated molecular target.

Further Reading

Analyst Recommendations for Elevation Oncology (NASDAQ:ELEV)

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