Celldex Therapeutics Inc. (NASDAQ:CLDX) was down 2.4% during trading on Wednesday . The company traded as low as $3.58 and last traded at $3.60, with a volume of 1,113,057 shares traded. The stock had previously closed at $3.69.

A number of equities research analysts have recently commented on CLDX shares. Jefferies Group raised their price target on Celldex Therapeutics to $5.00 and gave the stock a “hold” rating in a research report on Friday, August 5th. Wedbush reaffirmed a “neutral” rating and set a $3.00 price target on shares of Celldex Therapeutics in a research report on Tuesday, August 9th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $12.00 price target on shares of Celldex Therapeutics in a research report on Tuesday, June 7th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Celldex Therapeutics presently has a consensus rating of “Hold” and an average target price of $10.75.

The company’s market capitalization is $374.03 million. The firm’s 50-day moving average price is $3.92 and its 200-day moving average price is $4.12.

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Celldex Therapeutics (NASDAQ:CLDX) last issued its quarterly earnings data on Monday, August 8th. The biopharmaceutical company reported ($0.32) EPS for the quarter, topping the consensus estimate of ($0.34) by $0.02. The firm earned $1.39 million during the quarter, compared to the consensus estimate of $0.96 million. Celldex Therapeutics had a negative return on equity of 47.59% and a negative net margin of 2,383.60%. The company’s quarterly revenue was down 36.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.33) earnings per share. Analysts predict that Celldex Therapeutics Inc. will post ($1.34) EPS for the current year.

Several hedge funds have recently modified their holdings of CLDX. Bellevue Group AG bought a new stake in shares of Celldex Therapeutics during the first quarter valued at approximately $605,000. A.R.T. Advisors LLC bought a new stake in shares of Celldex Therapeutics during the first quarter valued at approximately $3,446,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Celldex Therapeutics during the first quarter valued at approximately $521,000. Renaissance Technologies LLC bought a new stake in shares of Celldex Therapeutics during the first quarter valued at approximately $3,074,000. Finally, Geode Capital Management LLC increased its stake in shares of Celldex Therapeutics by 1.7% in the first quarter. Geode Capital Management LLC now owns 669,587 shares of the biopharmaceutical company’s stock valued at $2,531,000 after buying an additional 10,982 shares during the period. 78.41% of the stock is owned by hedge funds and other institutional investors.

Celldex Therapeutics Company Profile

Celldex Therapeutics, Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of several immunotherapy technologies for the treatment of cancer and other diseases. Its lead drug Rintega (rindopepimut and CDX-110) is a therapeutic vaccine in clinical studies for the treatment of glioblastoma patients that express a specific cancer marker known as type III epidermal growth factor receptor mutation (EGFRvIII).

5 Day Chart for NASDAQ:CLDX

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