CymaBay Therapeutics Inc. (CBAY) Set to Announce Quarterly Earnings on Thursday
CymaBay Therapeutics Inc. (NASDAQ:CBAY) is scheduled to announce its earnings results after the market closes on Thursday, August 10th. Analysts expect the company to announce earnings of ($0.25) per share for the quarter.
CymaBay Therapeutics (NASDAQ:CBAY) last issued its earnings results on Thursday, May 11th. The biopharmaceutical company reported ($0.20) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.27) by $0.07. The firm had revenue of $4.79 million during the quarter. On average, analysts expect CymaBay Therapeutics to post $-0.64 EPS for the current fiscal year and $-0.62 EPS for the next fiscal year.
Shares of CymaBay Therapeutics Inc. (NASDAQ:CBAY) traded down 0.56% during midday trading on Tuesday, hitting $7.12. The company’s stock had a trading volume of 43,974 shares. The firm has a 50-day moving average of $6.05 and a 200 day moving average of $4.13. CymaBay Therapeutics Inc. has a 12-month low of $1.15 and a 12-month high of $8.29. The firm’s market cap is $204.71 million.
CBAY has been the topic of several recent research reports. Ifs Securities restated a “strong-buy” rating on shares of CymaBay Therapeutics in a research report on Monday, July 17th. Piper Jaffray Companies set a $7.00 price target on CymaBay Therapeutics and gave the company a “buy” rating in a research report on Monday, July 17th. Citigroup Inc. restated an “outperform” rating and issued a $15.00 price target (up previously from $8.00) on shares of CymaBay Therapeutics in a research report on Thursday, July 20th. Oppenheimer Holdings, Inc. boosted their price target on CymaBay Therapeutics from $8.00 to $15.00 and gave the company an “outperform” rating in a research report on Thursday, July 20th. Finally, CIBC restated an “outperform” rating and issued a $15.00 price target (up previously from $8.00) on shares of CymaBay Therapeutics in a research report on Thursday, July 20th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $11.88.
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In other CymaBay Therapeutics news, insider Sujal Shah acquired 10,000 shares of the stock in a transaction on Thursday, July 20th. The shares were bought at an average price of $7.34 per share, with a total value of $73,400.00. Following the acquisition, the insider now owns 75,891 shares of the company’s stock, valued at $557,039.94. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Charles Mcwherter acquired 5,000 shares of the stock in a transaction on Thursday, July 20th. The stock was acquired at an average cost of $7.43 per share, for a total transaction of $37,150.00. Following the acquisition, the senior vice president now directly owns 5,100 shares in the company, valued at approximately $37,893. The disclosure for this purchase can be found here. Insiders acquired a total of 20,000 shares of company stock worth $144,750 in the last ninety days. 15.10% of the stock is owned by corporate insiders.
CymaBay Therapeutics Company Profile
CymaBay Therapeutics, Inc is a clinical-stage biopharmaceutical company. The Company is focused on developing therapies to treat metabolic diseases, including serious rare and orphan diseases. The Company’s product candidates include Arhalofenate, MBX-8025 and MBX-2982. Arhalofenate is used to treat gout.
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