Piper Sandler Reaffirms Overweight Rating for Mesoblast (NASDAQ:MESO)

Piper Sandler restated their overweight rating on shares of Mesoblast (NASDAQ:MESOFree Report) in a research note issued to investors on Friday,Benzinga reports. They currently have a $24.00 price target on the stock, up from their previous price target of $15.00.

Other research analysts have also issued reports about the stock. Cantor Fitzgerald raised shares of Mesoblast to a “strong-buy” rating in a research note on Thursday, January 30th. Jefferies Financial Group lowered Mesoblast from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Check Out Our Latest Stock Report on Mesoblast

Mesoblast Price Performance

NASDAQ:MESO opened at $19.49 on Friday. Mesoblast has a twelve month low of $1.75 and a twelve month high of $22.00. The company’s 50-day moving average price is $16.33 and its 200-day moving average price is $10.92. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.18 and a quick ratio of 1.18.

Hedge Funds Weigh In On Mesoblast

Several institutional investors and hedge funds have recently bought and sold shares of MESO. R Squared Ltd acquired a new position in Mesoblast in the fourth quarter valued at approximately $30,000. Lindbrook Capital LLC raised its position in Mesoblast by 70.9% in the fourth quarter. Lindbrook Capital LLC now owns 2,172 shares of the company’s stock valued at $43,000 after purchasing an additional 901 shares during the period. Signaturefd LLC lifted its stake in shares of Mesoblast by 128.7% in the 3rd quarter. Signaturefd LLC now owns 5,506 shares of the company’s stock valued at $45,000 after purchasing an additional 3,099 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Mesoblast by 22.1% during the 4th quarter. GAMMA Investing LLC now owns 6,711 shares of the company’s stock worth $133,000 after purchasing an additional 1,213 shares during the period. Finally, China Universal Asset Management Co. Ltd. acquired a new stake in shares of Mesoblast during the 4th quarter worth about $134,000. 1.43% of the stock is currently owned by institutional investors and hedge funds.

Mesoblast Company Profile

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Mesoblast Limited engages in the development of regenerative medicine products in Australia, the United States, Singapore, and Switzerland. The company offers products in the areas of cardiovascular, spine orthopedic disorder, oncology, hematology, and immune-mediated and inflammatory diseases. Its proprietary regenerative medicine technology platform is based on specialized cells known as mesenchymal lineage cells.

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