CytomX Therapeutics, Inc. (CTMX) Raised to Hold at BidaskClub
CytomX Therapeutics, Inc. (NASDAQ:CTMX) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Saturday.
A number of other equities research analysts have also issued reports on the company. Cowen and Company reaffirmed a “buy” rating on shares of CytomX Therapeutics in a research note on Wednesday, June 28th. Zacks Investment Research raised CytomX Therapeutics from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Wednesday, May 3rd. HC Wainwright started coverage on CytomX Therapeutics in a research note on Monday, March 27th. They set a “buy” rating and a $24.00 price target on the stock. ValuEngine lowered CytomX Therapeutics from a “hold” rating to a “sell” rating in a research note on Thursday, May 11th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $25.00 price target on shares of CytomX Therapeutics in a research note on Tuesday, June 6th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $24.50.
CytomX Therapeutics (NASDAQ:CTMX) traded up 1.83% during midday trading on Friday, reaching $16.18. The company’s stock had a trading volume of 138,675 shares. The stock’s market capitalization is $594.60 million. CytomX Therapeutics has a 52 week low of $9.54 and a 52 week high of $20.02. The firm’s 50-day moving average price is $14.35 and its 200-day moving average price is $13.85.
CytomX Therapeutics (NASDAQ:CTMX) last posted its earnings results on Friday, May 5th. The biotechnology company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.32. CytomX Therapeutics had a negative return on equity of 59.65% and a negative net margin of 208.92%. The firm had revenue of $11.65 million for the quarter, compared to analyst estimates of $2.10 million. On average, analysts anticipate that CytomX Therapeutics will post ($1.36) earnings per share for the current year.
WARNING: This piece was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another publication, it was stolen and republished in violation of US and international copyright law. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/07/08/cytomx-therapeutics-inc-ctmx-raised-to-hold-at-bidaskclub.html.
In other CytomX Therapeutics news, major shareholder Kevin P. Starr sold 28,357 shares of the stock in a transaction on Wednesday, April 12th. The stock was sold at an average price of $16.36, for a total transaction of $463,920.52. Following the transaction, the insider now owns 31,419 shares of the company’s stock, valued at approximately $514,014.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Robert I. Tepper sold 15,000 shares of the stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $16.00, for a total value of $240,000.00. Following the transaction, the insider now directly owns 44,777 shares in the company, valued at approximately $716,432. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,200 shares of company stock worth $1,036,623. Corporate insiders own 4.70% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Highbridge Capital Management LLC acquired a new position in shares of CytomX Therapeutics during the fourth quarter worth $158,000. Hillsdale Investment Management Inc. acquired a new position in shares of CytomX Therapeutics during the first quarter worth $159,000. Trexquant Investment LP acquired a new position in shares of CytomX Therapeutics during the fourth quarter worth $186,000. Goldman Sachs Group Inc. acquired a new position in shares of CytomX Therapeutics during the first quarter worth $190,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of CytomX Therapeutics during the first quarter worth $206,000. 52.28% of the stock is currently owned by institutional investors.
About CytomX Therapeutics
CytomX Therapeutics, Inc is a clinical-stage, oncology-focused biopharmaceutical company. The Company uses its Probody technology platform to create cancer immunotherapies against clinically validated targets, as well as to develop cancer therapeutics against difficult-to-drug targets. Its pipeline is focused on the development of therapies in a set of modalities: Probody cancer immunotherapies, Probody drug conjugates, T-cell engaging Probody bispecifics and ProCAR-NK cell therapies.
Receive News & Ratings for CytomX Therapeutics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CytomX Therapeutics Inc. and related companies with MarketBeat.com's FREE daily email newsletter.