Avoro Capital Advisors LLC Has $7.71 Million Stock Position in Taysha Gene Therapies, Inc. (NASDAQ:TSHA)

Avoro Capital Advisors LLC raised its stake in shares of Taysha Gene Therapies, Inc. (NASDAQ:TSHA - Free Report) by 11.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,355,555 shares of the company's stock after buying an additional 430,555 shares during the period. Avoro Capital Advisors LLC owned about 2.33% of Taysha Gene Therapies worth $7,709,000 as of its most recent SEC filing.

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Several other institutional investors and hedge funds have also modified their holdings of TSHA. Citigroup Inc. acquired a new stake in Taysha Gene Therapies during the third quarter valued at $888,000. FMR LLC raised its holdings in shares of Taysha Gene Therapies by 2,035.0% during the 3rd quarter. FMR LLC now owns 24,527,801 shares of the company's stock valued at $77,508,000 after purchasing an additional 23,378,974 shares in the last quarter. EAM Investors LLC acquired a new position in Taysha Gene Therapies during the third quarter worth $1,060,000. Acuta Capital Partners LLC bought a new position in Taysha Gene Therapies during the third quarter valued at about $12,096,000. Finally, Vanguard Group Inc. lifted its holdings in Taysha Gene Therapies by 235.2% in the 3rd quarter. Vanguard Group Inc. now owns 5,327,864 shares of the company's stock worth $16,836,000 after purchasing an additional 3,738,616 shares during the last quarter. 77.70% of the stock is currently owned by hedge funds and other institutional investors.

Taysha Gene Therapies Price Performance

Shares of Taysha Gene Therapies stock traded down $0.03 during midday trading on Monday, reaching $3.92. The company had a trading volume of 1,005,530 shares, compared to its average volume of 2,383,907. The company has a current ratio of 3.38, a quick ratio of 3.38 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $733.12 million, a price-to-earnings ratio of -8.00 and a beta of 0.49. The stock has a fifty day simple moving average of $2.85 and a 200 day simple moving average of $2.28. Taysha Gene Therapies, Inc. has a 1-year low of $0.50 and a 1-year high of $4.02.

Taysha Gene Therapies (NASDAQ:TSHA - Get Free Report) last issued its quarterly earnings results on Tuesday, May 14th. The company reported ($0.10) earnings per share for the quarter, beating analysts' consensus estimates of ($0.11) by $0.01. Taysha Gene Therapies had a negative net margin of 833.60% and a negative return on equity of 782.81%. The business had revenue of $3.41 million during the quarter, compared to analyst estimates of $3.70 million. During the same quarter last year, the business posted ($0.28) earnings per share. As a group, equities research analysts forecast that Taysha Gene Therapies, Inc. will post -0.43 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on TSHA shares. Piper Sandler initiated coverage on Taysha Gene Therapies in a research note on Tuesday, April 9th. They issued an "overweight" rating and a $9.00 target price for the company. Needham & Company LLC restated a "buy" rating and set a $7.00 price target on shares of Taysha Gene Therapies in a research note on Wednesday, May 15th. Cantor Fitzgerald restated an "overweight" rating and set a $7.00 price target on shares of Taysha Gene Therapies in a research note on Tuesday, May 28th. Chardan Capital raised their price target on shares of Taysha Gene Therapies from $5.00 to $7.00 and gave the stock a "buy" rating in a research note on Thursday, March 21st. Finally, JMP Securities reiterated a "market outperform" rating and issued a $5.00 target price on shares of Taysha Gene Therapies in a research note on Wednesday, March 20th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Taysha Gene Therapies currently has a consensus rating of "Buy" and a consensus price target of $7.00.

Read Our Latest Research Report on TSHA

Taysha Gene Therapies Profile

Taysha Gene Therapies, Inc, a gene therapy company, focuses on developing and commercializing adeno-associated virus-based gene therapies for the treatment of monogenic diseases of the central nervous system. It primarily develops TSHA-120 for the treatment of giant axonal neuropathy; TSHA-102 for the treatment of Rett syndrome; TSHA-121 for the treatment of CLN7 disease; TSHA-118 for the treatment of CLN1 disease; TSHA-105 for the treatment of for SLC13A5 deficiency; TSHA-113 for the treatment of tauopathies; TSHA-106 for the treatment of angelman syndrome; TSHA-114 for the treatment of fragile X syndrome; and TSHA-101 for the treatment of GM2 gangliosidosis.

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