Corvus Pharmaceuticals, Inc. (NASDAQ:CRVS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Corvus Pharmaceuticals, Inc. is a biopharmaceutical company. It focuses on the development and commercialization of immuno-oncology therapies to harness the immune system to attack cancer cells. Its products include CPI-444, Adenosine production inhibitor, Adenosine A2B antagonist and Interleukin-2 (IL-2)-inducible T cell kinase (ITK) inhibitors. Corvus Pharmaceuticals, Inc. is based in Burlingame, California. “

CRVS has been the subject of a number of other research reports. Cowen and Company reaffirmed an “outperform” rating on shares of Corvus Pharmaceuticals in a report on Tuesday, July 4th. Credit Suisse Group lowered their target price on shares of Corvus Pharmaceuticals from $26.00 to $17.00 and set an “outperform” rating for the company in a report on Tuesday, July 4th. Finally, Wedbush reaffirmed an “outperform” rating and set a $26.00 target price on shares of Corvus Pharmaceuticals in a report on Tuesday, August 8th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Corvus Pharmaceuticals currently has an average rating of “Buy” and a consensus price target of $20.75.

Shares of Corvus Pharmaceuticals (CRVS) traded down 1.42% during midday trading on Tuesday, hitting $16.66. The stock had a trading volume of 89,574 shares. Corvus Pharmaceuticals has a 52 week low of $13.01 and a 52 week high of $17.64. The stock’s market cap is $348.76 million. The stock has a 50-day moving average of $16.57 and a 200 day moving average of $16.57.

Corvus Pharmaceuticals (NASDAQ:CRVS) last released its earnings results on Thursday, August 3rd. The company reported ($0.73) EPS for the quarter, topping analysts’ consensus estimates of ($0.76) by $0.03. Analysts anticipate that Corvus Pharmaceuticals will post ($3.18) EPS for the current fiscal year.

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Hedge funds have recently made changes to their positions in the company. TIAA CREF Investment Management LLC grew its holdings in shares of Corvus Pharmaceuticals by 43.3% in the 1st quarter. TIAA CREF Investment Management LLC now owns 7,181 shares of the company’s stock valued at $149,000 after buying an additional 2,170 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of Corvus Pharmaceuticals by 29.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 9,286 shares of the company’s stock valued at $112,000 after buying an additional 2,105 shares during the period. New York State Common Retirement Fund grew its holdings in shares of Corvus Pharmaceuticals by 2,269.1% in the 2nd quarter. New York State Common Retirement Fund now owns 9,500 shares of the company’s stock valued at $115,000 after buying an additional 9,099 shares during the period. Endurant Capital Management LP acquired a new position in shares of Corvus Pharmaceuticals in the 1st quarter valued at $282,000. Finally, Oxford Asset Management acquired a new position in shares of Corvus Pharmaceuticals in the 1st quarter valued at $287,000. 83.63% of the stock is owned by institutional investors.

Corvus Pharmaceuticals Company Profile

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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