ChemoCentryx, Inc. (CCXI) Raised to Hold at Zacks Investment Research
ChemoCentryx, Inc. (NASDAQ:CCXI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.
According to Zacks, “ChemoCentryx, Inc. is a biopharmaceutical company focused on discovering, developing and commercializing orally-administered therapeutics to treat autoimmune diseases, inflammatory disorders and cancer. ChemoCentryx, Inc. is headquartered in Mountain View, California. “
Several other analysts have also issued reports on the stock. BidaskClub lowered shares of ChemoCentryx from a “buy” rating to a “hold” rating in a research report on Friday. Cowen and Company restated a “hold” rating on shares of ChemoCentryx in a research report on Tuesday, August 8th.
Shares of ChemoCentryx (CCXI) traded down 1.72% on Friday, reaching $6.87. The company’s stock had a trading volume of 141,943 shares. The firm’s market cap is $334.61 million. The stock has a 50 day moving average of $9.39 and a 200-day moving average of $7.71. ChemoCentryx has a 12 month low of $4.06 and a 12 month high of $10.80.
ChemoCentryx (NASDAQ:CCXI) last posted its quarterly earnings results on Tuesday, August 8th. The biopharmaceutical company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by $0.02. The business had revenue of $8.94 million for the quarter. On average, analysts anticipate that ChemoCentryx will post ($0.90) EPS for the current year.
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In other news, insider Petrus Bekker sold 30,000 shares of the stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $9.98, for a total transaction of $299,400.00. Following the completion of the sale, the insider now directly owns 65,963 shares in the company, valued at $658,310.74. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have sold 223,649 shares of company stock valued at $2,157,360. 26.80% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of the company. Wasatch Advisors Inc. raised its stake in ChemoCentryx by 10.3% in the second quarter. Wasatch Advisors Inc. now owns 2,255,438 shares of the biopharmaceutical company’s stock worth $21,111,000 after buying an additional 210,039 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in ChemoCentryx by 14.5% in the second quarter. The Manufacturers Life Insurance Company now owns 22,514 shares of the biopharmaceutical company’s stock worth $211,000 after buying an additional 2,852 shares in the last quarter. State Street Corp raised its stake in ChemoCentryx by 7.0% in the second quarter. State Street Corp now owns 429,088 shares of the biopharmaceutical company’s stock worth $4,016,000 after buying an additional 27,896 shares in the last quarter. Voya Investment Management LLC raised its stake in ChemoCentryx by 22.8% in the second quarter. Voya Investment Management LLC now owns 15,984 shares of the biopharmaceutical company’s stock worth $150,000 after buying an additional 2,965 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in ChemoCentryx by 1.1% in the second quarter. Vanguard Group Inc. now owns 1,212,074 shares of the biopharmaceutical company’s stock worth $11,345,000 after buying an additional 13,344 shares in the last quarter. Institutional investors own 49.37% of the company’s stock.
ChemoCentryx Company Profile
ChemoCentryx, Inc is a biopharmaceutical company. The Company is engaged in developing new medications targeted at inflammatory disorders, autoimmune diseases and cancer. Each of its drug candidates focuses on a specific chemoattractant receptor that selectively blocks its negative inflammatory or suppressive response, leaving the rest of the immune system intact.
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