TELA Bio (NASDAQ:TELA) Now Covered by JMP Securities

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Stock analysts at JMP Securities started coverage on shares of TELA Bio (NASDAQ:TELA) in a research report issued to clients and investors on Tuesday, The Fly reports. The firm set an “outperform” rating on the stock.

Several other equities analysts have also issued reports on TELA. Piper Jaffray Companies began coverage on TELA Bio in a report on Tuesday. They set an “overweight” rating on the stock. Canaccord Genuity initiated coverage on TELA Bio in a report on Tuesday. They issued a “buy” rating for the company.

Shares of TELA opened at $12.31 on Tuesday. TELA Bio has a 1-year low of $10.78 and a 1-year high of $15.05.

In other TELA Bio news, major shareholder Orbimed Advisors Llc acquired 384,615 shares of the company’s stock in a transaction on Friday, November 8th. The shares were bought at an average cost of $12.09 per share, for a total transaction of $4,649,995.35. Also, Director Matt Zuga bought 86,121 shares of TELA Bio stock in a transaction dated Friday, November 8th. The stock was acquired at an average cost of $12.09 per share, with a total value of $1,041,202.89.

TELA Bio Company Profile

TELA Bio, Inc, a medical technology company, focuses on the design, development, and marketing of tissue reinforcement materials to address unmet needs in soft tissue reconstruction. It offers reinforced tissue matrix products for a variety of reconstruction procedures, including hernia repair, abdominal wall reconstruction, and plastic and reconstructive surgery.

Further Reading: Why is a lock-up period needed for an IPO?

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