CytomX Therapeutics (CTMX) Downgraded by ValuEngine
CytomX Therapeutics (NASDAQ:CTMX) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Friday.
A number of other research firms also recently weighed in on CTMX. Zacks Investment Research downgraded CytomX Therapeutics from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Cantor Fitzgerald began coverage on CytomX Therapeutics in a report on Monday, October 23rd. They issued an “overweight” rating and a $35.00 target price for the company. Cowen reaffirmed an “outperform” rating on shares of CytomX Therapeutics in a report on Thursday, October 5th. Oppenheimer reaffirmed a “hold” rating on shares of CytomX Therapeutics in a report on Wednesday, October 4th. Finally, Bank of America upped their target price on CytomX Therapeutics from $30.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $31.88.
Shares of CytomX Therapeutics (NASDAQ:CTMX) traded up $0.36 on Friday, reaching $21.06. The company’s stock had a trading volume of 449,116 shares, compared to its average volume of 337,091. CytomX Therapeutics has a 52-week low of $10.03 and a 52-week high of $24.67.
Several hedge funds have recently modified their holdings of CTMX. Alliancebernstein L.P. purchased a new stake in shares of CytomX Therapeutics in the first quarter worth $598,000. Vanguard Group Inc. increased its stake in CytomX Therapeutics by 3.5% in the first quarter. Vanguard Group Inc. now owns 823,531 shares of the biotechnology company’s stock valued at $14,223,000 after acquiring an additional 27,532 shares during the last quarter. Geode Capital Management LLC increased its stake in CytomX Therapeutics by 8.9% in the first quarter. Geode Capital Management LLC now owns 208,710 shares of the biotechnology company’s stock valued at $3,604,000 after acquiring an additional 16,991 shares during the last quarter. Renaissance Technologies LLC increased its stake in CytomX Therapeutics by 157.5% in the first quarter. Renaissance Technologies LLC now owns 234,800 shares of the biotechnology company’s stock valued at $4,055,000 after acquiring an additional 143,600 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in CytomX Therapeutics by 5.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 100,091 shares of the biotechnology company’s stock valued at $1,729,000 after acquiring an additional 4,959 shares during the last quarter. Institutional investors own 63.28% of the company’s stock.
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About CytomX Therapeutics
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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