RBC Capital Markets Analysts Give Curis Inc. (CRIS) a $7.00 Price Target
Curis Inc. (NASDAQ:CRIS) has been given a $7.00 target price by investment analysts at RBC Capital Markets in a note issued to investors on Wednesday. The brokerage currently has a a “buy” rating on the stock. RBC Capital Markets’ price target indicates a potential upside of 131.02% from the stock’s current price.
Several other analysts have also recently commented on the company. Zacks Investment Research raised Curis from a “sell” rating to a “hold” rating in a report on Monday, September 19th. Robert W. Baird reissued an “outperform” rating and issued a $7.00 price target on shares of Curis in a report on Wednesday, September 7th. Finally, FBR & Co reissued a “buy” rating on shares of Curis in a report on Thursday, September 8th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $5.05.
Shares of Curis (NASDAQ:CRIS) traded down 1.32% during mid-day trading on Wednesday, reaching $2.99. The company’s stock had a trading volume of 398,057 shares. The company’s 50-day moving average is $2.26 and its 200 day moving average is $1.87. The firm’s market capitalization is $387.12 million. Curis has a 1-year low of $1.25 and a 1-year high of $3.42.
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Curis (NASDAQ:CRIS) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.09) EPS for the quarter, meeting the consensus estimate of ($0.09). The business earned $1.70 million during the quarter, compared to analysts’ expectations of $2.05 million. Curis had a negative return on equity of 65.51% and a negative net margin of 526.72%. The company’s quarterly revenue was down 19.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.06) EPS. On average, analysts expect that Curis will post ($0.37) earnings per share for the current year.
In related news, major shareholder Discovery Technologie Aurigene purchased 10,208,333 shares of the company’s stock in a transaction on Wednesday, September 7th. The stock was bought at an average price of $2.40 per share, with a total value of $24,499,999.20. Following the completion of the transaction, the insider now owns 27,328,464 shares of the company’s stock, valued at approximately $65,588,313.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.09% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in CRIS. Barclays PLC increased its position in Curis by 10,149.4% in the second quarter. Barclays PLC now owns 64,059 shares of the company’s stock valued at $100,000 after buying an additional 63,434 shares during the last quarter. Metropolitan Life Insurance Co. NY bought a new position in Curis during the second quarter valued at $146,000. ProShare Advisors LLC increased its position in Curis by 1.3% in the second quarter. ProShare Advisors LLC now owns 109,812 shares of the company’s stock valued at $171,000 after buying an additional 1,418 shares during the last quarter. Rhumbline Advisers increased its position in Curis by 27.2% in the second quarter. Rhumbline Advisers now owns 138,986 shares of the company’s stock valued at $217,000 after buying an additional 29,751 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new position in Curis during the first quarter valued at $248,000. 52.36% of the stock is owned by institutional investors.
Curis Company Profile
Curis, Inc is a biotechnology company. The Company is engaged in the development and commercialization of drug candidates for the treatment of human cancers. The Company’s drug candidate, CUDC-907, is an orally available, small molecule inhibitor of histone deacetylase (HDAC) and phosphatidylinositol-3-kinase (PI3K) enzymes.
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