Research Analysts Set Expectations for Corvus Pharmaceuticals, Inc.’s Q2 2017 Earnings (NASDAQ:CRVS)
Corvus Pharmaceuticals, Inc. (NASDAQ:CRVS) – Equities research analysts at Wedbush issued their Q2 2017 earnings per share estimates for shares of Corvus Pharmaceuticals in a research note issued on Wednesday. Wedbush analyst R. Driscoll anticipates that the company will post earnings of ($0.80) per share for the quarter. Wedbush has a “Outperform” rating and a $26.00 price target on the stock. Wedbush also issued estimates for Corvus Pharmaceuticals’ Q3 2017 earnings at ($0.85) EPS, Q4 2017 earnings at ($0.62) EPS, FY2017 earnings at ($3.06) EPS, Q1 2018 earnings at ($0.76) EPS, Q2 2018 earnings at ($0.89) EPS, Q3 2018 earnings at ($1.01) EPS, Q4 2018 earnings at ($0.85) EPS, FY2018 earnings at ($3.51) EPS, FY2019 earnings at ($3.49) EPS, FY2020 earnings at ($3.39) EPS and FY2021 earnings at ($3.08) EPS.
Several other equities analysts have also recently weighed in on CRVS. Zacks Investment Research raised Corvus Pharmaceuticals from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Monday, July 17th. Credit Suisse Group dropped their price objective on Corvus Pharmaceuticals from $26.00 to $17.00 and set an “outperform” rating for the company in a report on Tuesday, July 4th. Finally, Cowen and Company reaffirmed an “outperform” rating on shares of Corvus Pharmaceuticals in a report on Tuesday, July 4th. Five analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average target price of $20.50.
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Shares of Corvus Pharmaceuticals (CRVS) opened at 12.26 on Monday. The stock’s 50 day moving average price is $11.94 and its 200 day moving average price is $12.94. The company’s market cap is $256.65 million. Corvus Pharmaceuticals has a one year low of $8.27 and a one year high of $22.14.
Corvus Pharmaceuticals (NASDAQ:CRVS) last announced its earnings results on Thursday, August 3rd. The company reported ($0.73) EPS for the quarter, topping the consensus estimate of ($0.76) by $0.03.
In other Corvus Pharmaceuticals news, insider Richard A. Md Miller purchased 25,000 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The shares were bought at an average price of $9.88 per share, for a total transaction of $247,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Holdings A/S Novo purchased 20,000 shares of the firm’s stock in a transaction dated Friday, June 23rd. The stock was acquired at an average price of $10.95 per share, for a total transaction of $219,000.00. Following the purchase, the insider now owns 3,244,046 shares in the company, valued at approximately $35,522,303.70. The disclosure for this purchase can be found here.
Several institutional investors have recently modified their holdings of CRVS. Russell Investments Group Ltd. acquired a new position in shares of Corvus Pharmaceuticals during the fourth quarter valued at about $402,000. Essex Investment Management Co. LLC raised its position in shares of Corvus Pharmaceuticals by 46.7% in the first quarter. Essex Investment Management Co. LLC now owns 31,225 shares of the company’s stock valued at $649,000 after buying an additional 9,933 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Corvus Pharmaceuticals during the first quarter valued at about $331,000. TD Asset Management Inc. raised its position in shares of Corvus Pharmaceuticals by 8.1% in the first quarter. TD Asset Management Inc. now owns 24,049 shares of the company’s stock valued at $499,000 after buying an additional 1,805 shares during the last quarter. Finally, TFS Capital LLC acquired a new position in shares of Corvus Pharmaceuticals during the first quarter valued at about $356,000. Institutional investors own 82.87% of the company’s stock.
About Corvus Pharmaceuticals
Corvus Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company is focused on the development and commercialization of immuno-oncology therapies. The Company is developing drugs and antibodies that block crucial immune checkpoints and reprogram immune T-cells. The Company has a pipeline of four immuno-oncology programs, three of which focus on the adenosine-cancer axis to modulate an immune response.
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