Curis, Inc. (NASDAQ:CRIS) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Several other equities analysts have also weighed in on CRIS. Zacks Investment Research raised Curis from a “sell” rating to a “hold” rating in a report on Monday, July 17th. BidaskClub lowered Curis from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Curis currently has an average rating of “Hold” and an average price target of $5.50.

Curis (NASDAQ:CRIS) traded down 6.52% during mid-day trading on Friday, reaching $1.72. The company had a trading volume of 1,455,935 shares. The stock has a 50-day moving average of $1.82 and a 200 day moving average of $2.13. Curis has a 12-month low of $1.47 and a 12-month high of $3.72. The company’s market capitalization is $247.47 million.

Curis (NASDAQ:CRIS) last announced its quarterly earnings data on Thursday, August 3rd. The biotechnology company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.01). Curis had a negative net margin of 836.18% and a negative return on equity of 236.43%. The firm had revenue of $2.10 million for the quarter, compared to the consensus estimate of $2.08 million. During the same period last year, the company posted ($0.09) earnings per share. Curis’s revenue for the quarter was up 23.5% on a year-over-year basis. On average, analysts expect that Curis will post ($0.40) EPS for the current year.

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Several institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its holdings in shares of Curis by 1.6% in the second quarter. Goldman Sachs Group Inc. now owns 119,638 shares of the biotechnology company’s stock worth $226,000 after acquiring an additional 1,880 shares during the period. Rhumbline Advisers boosted its holdings in shares of Curis by 1.9% in the second quarter. Rhumbline Advisers now owns 127,529 shares of the biotechnology company’s stock worth $241,000 after acquiring an additional 2,340 shares during the period. American International Group Inc. boosted its holdings in shares of Curis by 7.1% in the first quarter. American International Group Inc. now owns 68,733 shares of the biotechnology company’s stock worth $191,000 after acquiring an additional 4,560 shares during the period. Weiss Multi Strategy Advisers LLC boosted its holdings in shares of Curis by 4.8% in the first quarter. Weiss Multi Strategy Advisers LLC now owns 130,000 shares of the biotechnology company’s stock worth $361,000 after acquiring an additional 6,000 shares during the period. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in shares of Curis by 22.3% in the first quarter. Dynamic Technology Lab Private Ltd now owns 41,922 shares of the biotechnology company’s stock worth $117,000 after acquiring an additional 7,638 shares during the period. 50.94% of the stock is owned by hedge funds and other institutional investors.

Curis Company Profile

Curis, Inc is a biotechnology company seeking to develop and commercialize drug candidates for the treatment of cancers. The Company’s drug candidate is CUDC-907, an orally-available, small molecule inhibitor of histone deacetylase (HDAC) and phosphatidylinositol-3-kinase (PI3K) enzymes. CUDC-907 is an oral, dual inhibitor of Class I and II HDAC, as well as Class I PI3K enzymes.

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