Vor Biopharma (NYSE:VOR) Stock Rating Reaffirmed by Wedbush

Vor Biopharma (NYSE:VOR)‘s stock had its “outperform” rating restated by research analysts at Wedbush in a research report issued to clients and investors on Thursday, RTT News reports. They presently have a $11.00 price target on the stock. Wedbush’s target price points to a potential upside of 485.11% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. JMP Securities reaffirmed a “market outperform” rating and issued a $12.00 price target on shares of Vor Biopharma in a research report on Monday, August 14th. HC Wainwright reissued a “buy” rating and issued a $17.50 target price on shares of Vor Biopharma in a report on Friday, August 11th. Finally, Stifel Nicolaus reduced their price objective on Vor Biopharma from $16.00 to $15.00 in a research report on Friday, August 11th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, Vor Biopharma currently has an average rating of “Buy” and a consensus price target of $15.19.

Vor Biopharma Price Performance

Shares of VOR stock opened at $1.88 on Thursday. The company has a market cap of $126.98 million, a price-to-earnings ratio of -0.92 and a beta of -0.70. The stock has a 50 day simple moving average of $2.26 and a 200-day simple moving average of $3.29. Vor Biopharma has a 1-year low of $1.62 and a 1-year high of $7.57.

Vor Biopharma (NYSE:VOR) last posted its quarterly earnings data on Thursday, August 10th. The company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.42) by ($0.03). Analysts anticipate that Vor Biopharma will post -1.82 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vor Biopharma

A number of large investors have recently modified their holdings of VOR. Bank of Montreal Can bought a new position in Vor Biopharma during the 1st quarter worth approximately $283,000. Ergoteles LLC acquired a new stake in shares of Vor Biopharma in the first quarter worth $97,000. State Street Corp boosted its position in Vor Biopharma by 6.7% during the first quarter. State Street Corp now owns 283,076 shares of the company’s stock valued at $1,710,000 after purchasing an additional 17,891 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Vor Biopharma by 48.6% in the first quarter. Goldman Sachs Group Inc. now owns 25,607 shares of the company’s stock worth $155,000 after buying an additional 8,370 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Vor Biopharma in the second quarter worth about $86,000. Institutional investors and hedge funds own 90.01% of the company’s stock.

About Vor Biopharma

Vor Biopharma Inc, a clinical-stage company, engages in the development of engineered hematopoietic stem cell (eHSC) therapies for cancer patients. The company is developing lead product, tremtelectogene empogeditemcel (trem-cel), formerly VOR33, an eHSC product candidate that is in phase 1/2 to treat acute myeloid leukemia (AML) and other hematological malignancies.