Cascadian Therapeutics Inc. (CASC) Given Buy Rating at Cowen and Company
Cascadian Therapeutics Inc. (NASDAQ:CASC)‘s stock had its “buy” rating reaffirmed by research analysts at Cowen and Company in a research report issued on Monday.
A number of other brokerages have also recently commented on CASC. Zacks Investment Research raised Cascadian Therapeutics from a “hold” rating to a “buy” rating and set a $2.00 target price on the stock in a report on Tuesday, October 4th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $2.00 target price on shares of Cascadian Therapeutics in a report on Wednesday, June 15th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Cascadian Therapeutics in a report on Wednesday, June 15th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Cascadian Therapeutics has an average rating of “Buy” and an average target price of $3.20.
Shares of Cascadian Therapeutics (NASDAQ:CASC) traded down 2.349% during midday trading on Monday, reaching $1.455. The company’s stock had a trading volume of 724,662 shares. The company’s 50-day moving average price is $1.32 and its 200-day moving average price is $1.17. The company’s market cap is $196.88 million. Cascadian Therapeutics has a 12 month low of $0.82 and a 12 month high of $3.75.
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Cascadian Therapeutics (NASDAQ:CASC) last announced its earnings results on Monday, August 8th. The biopharmaceutical company reported ($0.26) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.12) by $0.14. During the same period in the prior year, the company earned ($0.11) earnings per share. On average, equities analysts anticipate that Cascadian Therapeutics will post $5.02 EPS for the current fiscal year.
In other Cascadian Therapeutics news, insider Scott Dunseth Myers purchased 45,000 shares of the business’s stock in a transaction on Wednesday, August 17th. The stock was acquired at an average price of $1.15 per share, for a total transaction of $51,750.00. Following the purchase, the insider now owns 107,500 shares of the company’s stock, valued at approximately $123,625. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 19.40% of the stock is owned by company insiders.
Cascadian Therapeutics Company Profile
Cascadian Therapeutics, Inc, formerly Oncothyreon Inc, is a clinical-stage biopharmaceutical company. The Company focuses on the development of therapeutic products for the treatment of cancer. The Company’s clinical-stage product candidate includes ONT-380, an orally active and selective small-molecule human epidermal growth factor receptor (HER) 2 inhibitor.
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