Cascadian Therapeutics Inc. (NASDAQ:CASC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “Cascadian Therapeutics, Inc. is a biopharmaceutical company specializing in developing innovative therapeutic product candidates for the treatment of cancer. The company’s product candidate is ONT-380, an orally active and selective small molecule HER2 inhibitor which is in preclinical trial stage. Cascadian Therapeutics, Inc., formerly known as Oncothyreon Inc., is headquartered in Seattle, Washington. “

Separately, Cowen and Company restated a “buy” rating on shares of Cascadian Therapeutics in a research report on Monday, October 10th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $3.20.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at

Shares of Cascadian Therapeutics (NASDAQ:CASC) traded up 0.77% during midday trading on Tuesday, reaching $1.31. The company had a trading volume of 307,407 shares. The firm’s market capitalization is $177.26 million. Cascadian Therapeutics has a one year low of $0.82 and a one year high of $3.75. The company has a 50 day moving average price of $1.35 and a 200-day moving average price of $1.18.

Cascadian Therapeutics (NASDAQ:CASC) last issued its earnings results on Monday, August 8th. The biopharmaceutical company reported ($0.26) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by $0.14. During the same period in the prior year, the firm posted ($0.11) EPS. On average, analysts anticipate that Cascadian Therapeutics will post $5.02 EPS for the current fiscal year.

In related news, insider Scott Dunseth Myers acquired 45,000 shares of the stock in a transaction on Wednesday, August 17th. The stock was bought at an average cost of $1.15 per share, with a total value of $51,750.00. Following the transaction, the insider now directly owns 107,500 shares in the company, valued at $123,625. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 19.40% of the company’s stock.

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.

5 Day Chart for NASDAQ:CASC

Get a free copy of the Zacks research report on Cascadian Therapeutics (CASC)

For more information about research offerings from Zacks Investment Research, visit

Receive News & Ratings for Cascadian Therapeutics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cascadian Therapeutics Inc. and related companies with's FREE daily email newsletter.