Wedbush Reaffirms Their Buy Rating on Scholar Rock Holding (SRRK)
In a report released today, from Wedbush maintained a Buy rating on Scholar Rock Holding, with a price target of $56.00.
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In addition to Wedbush, Scholar Rock Holding also received a Buy from Truist Financial’s Srikripa Devarakonda in a report issued today. However, on March 18, TipRanks – OpenAI reiterated a Hold rating on Scholar Rock Holding (NASDAQ: SRRK).
Based on Scholar Rock Holding’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $90.97 million. In comparison, last year the company had a GAAP net loss of $66.45 million
Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SRRK in relation to earlier this year. Last month, Invus Global Management, LLC, a Major Shareholder at SRRK bought 1,575,008.00 shares for a total of $11,576,308.80.
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