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GH Research (NASDAQ:GHRS) Shares Gap Up to $9.65

Financial News Live ·  Jan 18, 2023 12:01

GH Research PLC (NASDAQ:GHRS – Get Rating)'s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $9.65, but opened at $10.10. GH Research shares last traded at $10.10, with a volume of 5 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on GHRS shares. UBS Group assumed coverage on GH Research in a research report on Thursday, December 15th. They set a "buy" rating on the stock. EF Hutton Acquisition Co. I initiated coverage on GH Research in a research report on Friday, December 16th. They set a "buy" rating and a $33.00 price objective for the company. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $46.25.

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GH Research Trading Up 0.1 %

The stock has a market capitalization of $488.03 million, a price-to-earnings ratio of -48.27 and a beta of 0.96. The company's 50 day moving average is $10.40 and its 200 day moving average is $11.55.

GH Research (NASDAQ:GHRS – Get Rating) last issued its quarterly earnings data on Thursday, November 10th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.16. Analysts anticipate that GH Research PLC will post -0.42 EPS for the current fiscal year.

Institutional Trading of GH Research

Hedge funds and other institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its holdings in GH Research by 277.1% during the third quarter. Tower Research Capital LLC TRC now owns 3,383 shares of the company's stock worth $39,000 after buying an additional 2,486 shares in the last quarter. Tortoise Investment Management LLC acquired a new position in GH Research during the second quarter worth about $41,000. Exchange Traded Concepts LLC raised its position in GH Research by 373.4% during the second quarter. Exchange Traded Concepts LLC now owns 4,885 shares of the company's stock worth $49,000 after acquiring an additional 3,853 shares during the last quarter. Bank of America Corp DE raised its position in GH Research by 31,790.0% during the first quarter. Bank of America Corp DE now owns 6,378 shares of the company's stock worth $116,000 after acquiring an additional 6,358 shares during the last quarter. Finally, Virtus ETF Advisers LLC raised its position in GH Research by 48.8% during the second quarter. Virtus ETF Advisers LLC now owns 9,952 shares of the company's stock worth $99,000 after acquiring an additional 3,265 shares during the last quarter. Hedge funds and other institutional investors own 62.55% of the company's stock.

About GH Research

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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).

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