<div id="readability-page-1"><p><span>Prime Medicine (NASDAQ:PRME - Get Free Report)</span> was downgraded by analysts at Wall Street Zen from a &#34;sell&#34; rating to a &#34;strong sell&#34; rating in a report issued on Monday.</p><div><p><span></span><span>Get <strong>Prime Medicine</strong> alerts:</span></p></div><p>A number of other brokerages have also weighed in on PRME. Weiss Ratings  reiterated a &#34;sell (d-)&#34; rating on shares of Prime Medicine in a report on Monday, December 29th. Lifesci Capital upgraded shares of Prime Medicine to a &#34;strong-buy&#34; rating in a report on Monday, March 2nd. Finally, Oppenheimer assumed coverage on shares of Prime Medicine in a report on Thursday, March 12th. They set an &#34;outperform&#34; rating and a $11.00 target price on the stock. One analyst  has rated the stock with a Strong Buy rating, four have issued  a Buy rating, three have issued  a Hold rating and one  has assigned  a Sell rating to the stock. According to data from MarketBeat.com, the stock  has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $7.38.</p><p><b>Check Out Our Latest Research Report on PRME</b></p><h2>Prime Medicine Price Performance</h2><p>Shares of PRME opened at $3.70 on Monday. The firm has a market cap of $668.29 million, a PE ratio of -2.74 and a beta of 2.65. The company's fifty day moving average is $3.69 and its two-hundred day moving average is $3.96. Prime Medicine has a fifty-two week low of $1.11 and a fifty-two week high of $6.94. </p><h2>Hedge Funds Weigh In On Prime Medicine</h2><p>Several hedge funds and other institutional investors have recently made changes to their positions in the business. Pictet Asset Management Holding SA acquired a new position in shares of  Prime Medicine during the 1st quarter valued at $42,000.  Rockefeller Capital Management L.P. lifted its holdings in shares of  Prime Medicine by 10,557.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 121,391 shares of the company's stock valued at $421,000 after acquiring an additional 120,252 shares in the last quarter.  Caitong International Asset Management Co. Ltd acquired a new position in shares of  Prime Medicine during the 4th quarter valued at $134,000.  Chelsea Counsel Co. lifted its holdings in shares of  Prime Medicine by 9.0% during the 4th quarter. Chelsea Counsel Co. now owns 227,000 shares of the company's stock valued at $788,000 after acquiring an additional 18,790 shares in the last quarter.  Finally, Virtu Financial LLC lifted its holdings in shares of  Prime Medicine by 701.2% during the 4th quarter. Virtu Financial LLC now owns 94,778 shares of the company's stock valued at $329,000 after acquiring an additional 82,948 shares in the last quarter. Institutional investors and hedge funds own  70.37% of the company's stock. </p><h2>Prime Medicine Company Profile</h2> (Get Free Report)<p>We are a biotechnology company committed to delivering a new class of differentiated one-time curative genetic therapies, Prime Editors, to address the widest spectrum of diseases by deploying our Prime Editing technology, which we believe is a versatile, precise, efficient and broad gene editing technology. Genetic mutations implicated in disease are diverse and can range from errors of a single base, known as point mutations, to errors that extend beyond a single base, such as insertions, deletions, duplications, or combinations thereof.</p><h2>See Also</h2><ul><li>Five stocks we like better than Prime Medicine</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UFJNRQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UFJNRQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Prime Medicine Right Now?</h2><p>Before you consider Prime Medicine, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Prime Medicine wasn't on the list.</p><p>While Prime Medicine currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Wall Street Zen downgraded Prime Medicine (NASDAQ:PRME) from a "sell" to a "strong sell" rating. Other brokerages have mixed opinions, with Weiss Ratings maintaining a "sell (d-)" and Lifesci Capital upgrading to "strong-buy." The stock has a consensus rating of "Moderate Buy" with an average price target of $7.38. PRME opened at $3.70, with a market cap of $668.29 million. Institutional investors own 70.37% of the stock, reflecting significant interest despite the downgrade.</p>

Prime Medicine (NASDAQ:PRME) Stock Rating Lowered by Wall Street Zen