Frequency Therapeutics (NASDAQ:FREQ) Stock Rating Lowered by ValuEngine

ValuEngine lowered shares of Frequency Therapeutics (NASDAQ:FREQ) from a buy rating to a hold rating in a report published on Thursday, ValuEngine reports.

Several other analysts have also issued reports on the company. Goldman Sachs Group initiated coverage on Frequency Therapeutics in a report on Monday, October 28th. They set a buy rating and a $30.00 price target for the company. JPMorgan Chase & Co. initiated coverage on Frequency Therapeutics in a report on Monday, October 28th. They set an overweight rating and a $25.00 price target for the company. Finally, Cowen assumed coverage on Frequency Therapeutics in a report on Monday, October 28th. They set an outperform rating for the company.

NASDAQ:FREQ traded up $0.76 during mid-day trading on Thursday, hitting $16.50. 137,000 shares of the company traded hands, compared to its average volume of 119,116. Frequency Therapeutics has a one year low of $11.17 and a one year high of $17.44.

In other Frequency Therapeutics news, Director Marc A. Cohen acquired 17,857 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was purchased at an average price of $12.84 per share, with a total value of $229,283.88. Also, insider James E. Flynn acquired 285,714 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was acquired at an average cost of $12.67 per share, with a total value of $3,619,996.38.

Frequency Therapeutics Company Profile

Frequency Therapeutics, Inc, a clinical-stage biotechnology company, focuses on harnessing the body's innate biology to repair or reverse damage caused by a broad range of degenerative diseases. Its Progenitor Cell Activation approach, uses combinations of small molecules to activate progenitor cells within the body to create functional tissue.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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