Media headlines about Sesen Bio (NASDAQ:SESN) have been trending somewhat positive recently, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sesen Bio earned a news impact score of 0.21 on Accern’s scale. Accern also gave news coverage about the company an impact score of 48.3909326888201 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:

Sesen Bio traded up $0.06, reaching $1.79, during trading on Friday, according to Marketbeat Ratings. 624,578 shares of the company’s stock were exchanged, compared to its average volume of 637,358. Sesen Bio has a fifty-two week low of $0.62 and a fifty-two week high of $3.50. The firm has a market capitalization of $83.71 million, a PE ratio of -1.61 and a beta of 2.49.

Sesen Bio (NASDAQ:SESN) last announced its quarterly earnings data on Tuesday, May 15th. The company reported ($0.11) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.02. equities research analysts forecast that Sesen Bio will post -0.44 EPS for the current fiscal year.

A number of brokerages have commented on SESN. Zacks Investment Research lowered Sesen Bio from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. HC Wainwright raised their price objective on Sesen Bio to $3.50 and gave the stock an “in-line” rating in a research report on Tuesday, May 22nd. Canaccord Genuity began coverage on Sesen Bio in a research report on Monday, July 9th. They set a “buy” rating for the company. Finally, Jefferies Financial Group began coverage on Sesen Bio in a research report on Monday, July 23rd. They set a “buy” rating and a $4.00 price objective for the company.

Sesen Bio Company Profile

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

Insider Buying and Selling by Quarter for Sesen Bio (NASDAQ:SESN)

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