CytomX Therapeutics, Inc. (NASDAQ:CTMX) – Equities researchers at Wedbush issued their Q1 2018 earnings per share estimates for CytomX Therapeutics in a report released on Wednesday. Wedbush analyst R. Driscoll forecasts that the biotechnology company will post earnings per share of ($0.21) for the quarter. Wedbush has a “Outperform” rating and a $37.00 price target on the stock. Wedbush also issued estimates for CytomX Therapeutics’ Q2 2018 earnings at ($0.24) EPS, Q3 2018 earnings at ($0.27) EPS and Q4 2018 earnings at ($0.30) EPS.

CytomX Therapeutics (NASDAQ:CTMX) last issued its quarterly earnings results on Monday, August 7th. The biotechnology company reported ($0.69) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.30). The company had revenue of $8.75 million for the quarter, compared to the consensus estimate of $4.95 million. CytomX Therapeutics had a negative return on equity of 84.61% and a negative net margin of 206.33%.

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Several other brokerages also recently issued reports on CTMX. Cowen and Company reissued an “outperform” rating on shares of CytomX Therapeutics in a report on Thursday. Nomura lifted their price target on shares of CytomX Therapeutics to $44.00 and gave the company a “buy” rating in a report on Wednesday. Bank of America Corporation lifted their price target on shares of CytomX Therapeutics from $30.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of CytomX Therapeutics in a report on Wednesday. Finally, ValuEngine downgraded shares of CytomX Therapeutics from a “hold” rating to a “sell” rating in a report on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. CytomX Therapeutics presently has a consensus rating of “Hold” and an average price target of $32.67.

CytomX Therapeutics (NASDAQ:CTMX) traded down 1.56% during midday trading on Thursday, reaching $22.73. 140,583 shares of the company traded hands. The firm’s market capitalization is $837.99 million. The firm’s 50 day moving average price is $16.92 and its 200 day moving average price is $15.62. CytomX Therapeutics has a 12 month low of $9.85 and a 12 month high of $24.67.

Several hedge funds and other institutional investors have recently made changes to their positions in CTMX. Teachers Advisors LLC raised its stake in shares of CytomX Therapeutics by 6.7% in the fourth quarter. Teachers Advisors LLC now owns 34,961 shares of the biotechnology company’s stock worth $384,000 after acquiring an additional 2,209 shares during the last quarter. Strs Ohio bought a new position in shares of CytomX Therapeutics in the first quarter worth about $207,000. Wells Fargo & Company MN raised its stake in shares of CytomX Therapeutics by 52.8% in the first quarter. Wells Fargo & Company MN now owns 22,424 shares of the biotechnology company’s stock worth $387,000 after acquiring an additional 7,747 shares during the last quarter. Swiss National Bank raised its stake in shares of CytomX Therapeutics by 19.1% in the first quarter. Swiss National Bank now owns 26,800 shares of the biotechnology company’s stock worth $463,000 after acquiring an additional 4,300 shares during the last quarter. Finally, Oxford Asset Management raised its stake in shares of CytomX Therapeutics by 28.4% in the first quarter. Oxford Asset Management now owns 31,665 shares of the biotechnology company’s stock worth $547,000 after acquiring an additional 6,995 shares during the last quarter. 59.97% of the stock is owned by institutional investors.

In other CytomX Therapeutics news, major shareholder Robert I. Tepper sold 24,777 shares of the business’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $24.34, for a total value of $603,072.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Debanjan Ray sold 2,500 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $15.00, for a total transaction of $37,500.00. Following the completion of the transaction, the chief financial officer now directly owns 19,626 shares of the company’s stock, valued at $294,390. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,306 shares of company stock valued at $1,924,746. Insiders own 4.70% of the company’s stock.

CytomX Therapeutics Company Profile

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.

Earnings History and Estimates for CytomX Therapeutics (NASDAQ:CTMX)

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