Pura Vida Investments LLC Purchases New Holdings in Sesen Bio Inc (SESN)

Pura Vida Investments LLC acquired a new stake in Sesen Bio Inc (NASDAQ:SESN) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 200,000 shares of the company’s stock, valued at approximately $284,000. Pura Vida Investments LLC owned about 0.26% of Sesen Bio at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bridgeway Capital Management Inc. bought a new stake in shares of Sesen Bio in the 3rd quarter valued at approximately $215,000. Nexthera Capital LP bought a new stake in shares of Sesen Bio in the 3rd quarter valued at approximately $2,531,000. Vanguard Group Inc lifted its stake in shares of Sesen Bio by 22.0% in the 3rd quarter. Vanguard Group Inc now owns 2,518,891 shares of the company’s stock valued at $5,415,000 after purchasing an additional 454,950 shares during the last quarter. Northern Trust Corp bought a new stake in shares of Sesen Bio in the 2nd quarter valued at approximately $315,000. Finally, Vanguard Group Inc. lifted its stake in shares of Sesen Bio by 22.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,518,891 shares of the company’s stock valued at $5,415,000 after purchasing an additional 454,950 shares during the last quarter. 39.37% of the stock is owned by institutional investors and hedge funds.

Shares of SESN stock opened at $0.97 on Friday. Sesen Bio Inc has a 52-week low of $0.66 and a 52-week high of $3.50. The company has a market cap of $76.29 million, a P/E ratio of -1.76 and a beta of 2.01.

Sesen Bio (NASDAQ:SESN) last issued its quarterly earnings results on Monday, March 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.01). On average, analysts anticipate that Sesen Bio Inc will post -0.32 earnings per share for the current fiscal year.

Several research firms have recently issued reports on SESN. HC Wainwright set a $1.00 price objective on Sesen Bio and gave the company a “hold” rating in a research note on Tuesday, March 5th. Zacks Investment Research raised Sesen Bio from a “sell” rating to a “hold” rating in a research note on Saturday, February 9th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $3.00 price objective on shares of Sesen Bio in a research note on Wednesday, February 6th. Finally, ValuEngine lowered Sesen Bio from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $2.00.

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About Sesen Bio

Sesen Bio, Inc, a late-stage clinical company, develops next-generation antibody-drug conjugate therapies for patients with cancer. It develops its products based on its Targeted Protein Therapeutics (TPTs) platform. The company's lead product candidate is Vicinium, a fusion protein that is in Phase III clinical trial for the treatment of high-grade non-muscle invasive bladder cancer.

Further Reading: Market Capitalization and Individual Investors

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Institutional Ownership by Quarter for Sesen Bio (NASDAQ:SESN)

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