Kindred Biosciences (KIN) Given a $10.00 Price Target by HC Wainwright Analysts
Kindred Biosciences (NASDAQ:KIN) has been given a $10.00 target price by equities research analysts at HC Wainwright in a research report issued to clients and investors on Tuesday. The firm currently has a “buy” rating on the biopharmaceutical company’s stock. HC Wainwright’s target price points to a potential upside of 33.33% from the company’s current price.
A number of other research analysts have also issued reports on the stock. B. Riley set a $11.00 price target on shares of Kindred Biosciences and gave the company a “buy” rating in a research note on Tuesday. ValuEngine upgraded shares of Kindred Biosciences from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Zacks Investment Research lowered shares of Kindred Biosciences from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Kindred Biosciences presently has a consensus rating of “Buy” and a consensus price target of $9.63.
Kindred Biosciences (NASDAQ:KIN) traded down $0.10 during midday trading on Tuesday, hitting $7.50. 85,800 shares of the company traded hands, compared to its average volume of 144,079. Kindred Biosciences has a 1 year low of $3.90 and a 1 year high of $9.65.
Several large investors have recently added to or reduced their stakes in KIN. Nationwide Fund Advisors acquired a new stake in shares of Kindred Biosciences in the second quarter worth $100,000. JPMorgan Chase & Co. acquired a new stake in shares of Kindred Biosciences in the second quarter worth $119,000. Trexquant Investment LP acquired a new stake in shares of Kindred Biosciences in the second quarter worth $120,000. SG Americas Securities LLC acquired a new stake in shares of Kindred Biosciences in the third quarter worth $123,000. Finally, OxFORD Asset Management LLP acquired a new stake in shares of Kindred Biosciences in the second quarter worth $128,000. Hedge funds and other institutional investors own 66.85% of the company’s stock.
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Kindred Biosciences Company Profile
Kindred Biosciences, Inc is a development-stage biopharmaceutical company. The Company is focused on developing therapies for pets. The Company’s product pipeline consists of small molecules and biologics for a range of indications in dogs, cats and horses. The Company is developing product candidates for over 20 indications and focused on small molecule products and canine and feline biologics products.
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