Kura Oncology Inc. (NASDAQ:KURA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.

According to Zacks, “Kura Oncology, Inc. is a biopharmaceutical company. The company is involved in the discovery and development of therapeutics for the treatment of tumors and blood cancers. Its product pipeline includes small molecule drug candidates which are in different clinical trial consists of Tipifarnib-HRAS, Tipifarnib-PTCL, ERK inhibitor program and Menin MLL inhibitor program. Kura Oncology, Inc. is headquartered in La Jolla, California. “

Separately, Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $16.00 price objective on shares of Kura Oncology in a research note on Sunday, August 14th.

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Kura Oncology (NASDAQ:KURA) traded down 6.45% during midday trading on Tuesday, hitting $5.37. The stock had a trading volume of 73,996 shares. The firm has a 50-day moving average of $6.10 and a 200 day moving average of $4.14. The firm’s market capitalization is $100.65 million. Kura Oncology has a 52-week low of $2.50 and a 52-week high of $25.00.

Kura Oncology (NASDAQ:KURA) last released its quarterly earnings data on Wednesday, August 10th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.34) by $0.02. On average, equities analysts forecast that Kura Oncology will post ($1.58) EPS for the current year.

A hedge fund recently bought a new stake in Kura Oncology stock. Alethea Capital Management LLC bought a new stake in Kura Oncology Inc. (NASDAQ:KURA) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 62,000 shares of the company’s stock, valued at approximately $168,000. Alethea Capital Management LLC owned about 0.34% of Kura Oncology at the end of the most recent reporting period. 43.63% of the stock is currently owned by institutional investors.

Kura Oncology Company Profile

Kura Oncology, Inc is a clinical-stage biopharmaceutical company. The Company is engaged in discovering and developing personalized therapeutics for the treatment of solid tumors and blood cancers. Its segment is engaged in the discovery and development of personalized therapeutics for the treatment of solid tumors and blood cancers.

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