Catabasis Pharmaceuticals Inc (NASDAQ:CATB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday.

According to Zacks, “Catabasis Pharmaceuticals, Inc. is a biopharmaceutical company. The Company focuses on the discovery, development and commercialization of therapeutics for treatment of inflammatory, immunological and metabolic diseases. Its product development pipeline includes CAT-1004, CAT-2000 series including CAT-2054 and CAT-2003, CAT-4001 as well as various programs which are in different clinical-stage. Catabasis Pharmaceuticals, Inc. is based in Cambridge, Massachusetts. “

A number of other brokerages have also issued reports on CATB. Wedbush reaffirmed an “ourperform” rating and set a $4.00 price target on shares of Catabasis Pharmaceuticals in a research note on Monday. HC Wainwright reaffirmed a “buy” rating and set a $8.00 price target (down from $14.00) on shares of Catabasis Pharmaceuticals in a research note on Tuesday, March 21st. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $9.00 price target (down from $11.00) on shares of Catabasis Pharmaceuticals in a research note on Monday. Citigroup Inc lowered Catabasis Pharmaceuticals from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 1st. Finally, Cowen and Company lowered Catabasis Pharmaceuticals from an “outperform” rating to a “market perform” rating and set a $4.00 price target for the company. in a research note on Wednesday, February 1st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $5.30.

Catabasis Pharmaceuticals (NASDAQ:CATB) traded up 0.75% during mid-day trading on Friday, reaching $1.35. The company’s stock had a trading volume of 227,561 shares. The firm’s market capitalization is $25.51 million. Catabasis Pharmaceuticals has a 52 week low of $1.08 and a 52 week high of $7.89. The firm’s 50 day moving average price is $1.43 and its 200 day moving average price is $2.54.

Catabasis Pharmaceuticals (NASDAQ:CATB) last issued its quarterly earnings results on Thursday, March 16th. The biotechnology company reported ($0.47) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.02. On average, analysts anticipate that Catabasis Pharmaceuticals will post ($1.55) EPS for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the company. Gilder Gagnon Howe & Co. LLC bought a new stake in Catabasis Pharmaceuticals during the third quarter valued at $138,000. Renaissance Technologies LLC bought a new stake in Catabasis Pharmaceuticals during the first quarter valued at $106,000. Oppenheimer & Co. Inc. bought a new stake in Catabasis Pharmaceuticals during the first quarter valued at $144,000. Federated Investors Inc. PA raised its stake in Catabasis Pharmaceuticals by 45.1% in the fourth quarter. Federated Investors Inc. PA now owns 160,000 shares of the biotechnology company’s stock valued at $578,000 after buying an additional 49,750 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its stake in Catabasis Pharmaceuticals by 13.5% in the fourth quarter. Alyeska Investment Group L.P. now owns 223,885 shares of the biotechnology company’s stock valued at $808,000 after buying an additional 26,685 shares in the last quarter. 61.43% of the stock is owned by institutional investors and hedge funds.

Catabasis Pharmaceuticals 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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