Catabasis Pharmaceuticls Inc. (CATB) Trading 8.2% Higher
Catabasis Pharmaceuticls Inc. (NASDAQ:CATB) traded up 8.2% on Wednesday . The company traded as high as $4.74 and last traded at $4.48, with a volume of 61,077 shares traded. The stock had previously closed at $4.14.
A number of equities research analysts recently weighed in on the company. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $28.00 price objective on shares of Catabasis Pharmaceuticls in a research note on Wednesday, May 25th. Wedbush restated an “outperform” rating and set a $17.00 price objective on shares of Catabasis Pharmaceuticls in a research note on Friday, August 12th. Zacks Investment Research cut Catabasis Pharmaceuticls from a “buy” rating to a “hold” rating in a research note on Monday, July 18th. Finally, Cowen and Company restated a “buy” rating on shares of Catabasis Pharmaceuticls in a research note on Wednesday, June 8th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Catabasis Pharmaceuticls has an average rating of “Buy” and a consensus price target of $19.05.
The firm’s market capitalization is $68.91 million. The company’s 50 day moving average price is $4.71 and its 200-day moving average price is $4.86.
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Catabasis Pharmaceuticls (NASDAQ:CATB) last posted its earnings results on Thursday, August 11th. The company reported ($0.61) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.65) by $0.04. On average, equities analysts predict that Catabasis Pharmaceuticls Inc. will post ($2.47) EPS for the current year.
An institutional investor recently bought a new position in Catabasis Pharmaceuticls stock. Bridgeway Capital Management Inc. bought a new position in shares of Catabasis Pharmaceuticls Inc. (NASDAQ:CATB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 27,700 shares of the company’s stock, valued at approximately $102,000. Bridgeway Capital Management Inc. owned approximately 0.18% of Catabasis Pharmaceuticls as of its most recent filing with the SEC. 66.58% of the stock is owned by institutional investors.
Catabasis Pharmaceuticls Company Profile
Catabasis Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company is focused on the discovery, development and commercialization of therapeutics based on its Safely Metabolized And Rationally Targeted (SMART), a linker drug discovery platform. The SMART linker drug discovery platform enables to engineer product candidates that can modulate multiple targets in a disease.
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