Citigroup Inc Downgrades Merus NV (MRUS) to Neutral

Citigroup Inc cut shares of Merus NV (NASDAQ:MRUS) from a buy rating to a neutral rating in a report released on Tuesday morning. They currently have $31.00 target price on the stock.

Several other research firms have also recently weighed in on MRUS. Wedbush reaffirmed an outperform rating and set a $32.00 price objective (up from $16.00) on shares of Merus NV in a research report on Friday, December 23rd. Jefferies Group LLC set a $29.00 price objective on Merus NV and gave the company a buy rating in a research report on Sunday, December 25th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Merus NV presently has an average rating of Buy and an average price target of $24.80.

Merus NV (NASDAQ:MRUS) opened at 24.59 on Tuesday. The firm’s market capitalization is $395.38 million. Merus NV has a one year low of $7.26 and a one year high of $33.63. The firm has a 50-day moving average price of $26.65 and a 200 day moving average price of $19.72.

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A number of hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new stake in Merus NV during the fourth quarter valued at $790,000. Baker BROS. Advisors LP purchased a new stake in Merus NV during the third quarter valued at $19,430,000. Platinum Investment Management Ltd. boosted its stake in Merus NV by 59.3% in the third quarter. Platinum Investment Management Ltd. now owns 111,519 shares of the company’s stock valued at $1,867,000 after buying an additional 41,519 shares during the last quarter. Finally, Rock Springs Capital Management LP boosted its stake in Merus NV by 6.1% in the third quarter. Rock Springs Capital Management LP now owns 383,000 shares of the company’s stock valued at $6,415,000 after buying an additional 22,189 shares during the last quarter. 29.03% of the stock is currently owned by institutional investors and hedge funds.

Merus NV Company Profile

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