Catabasis Pharmaceuticals (NASDAQ:CATB)‘s stock had its “outperform” rating reiterated by stock analysts at Wedbush in a report released on Friday. They presently have a $4.00 target price on the biotechnology company’s stock. Wedbush’s price objective suggests a potential upside of 142.42% from the company’s previous close.

A number of other research firms also recently issued reports on CATB. CIBC reissued an “outperform” rating and issued a $7.00 target price (up from $4.00) on shares of Catabasis Pharmaceuticals in a research report on Thursday, October 5th. Zacks Investment Research raised Catabasis Pharmaceuticals from a “hold” rating to a “buy” rating and set a $1.75 target price for the company in a research report on Thursday, November 16th. Oppenheimer raised their target price on Catabasis Pharmaceuticals from $4.00 to $7.00 and gave the stock an “outperform” rating in a research report on Thursday, October 5th. Citigroup reissued a “hold” rating and issued a $1.50 target price on shares of Catabasis Pharmaceuticals in a research report on Friday, September 29th. Finally, Cowen reissued a “market perform” rating and issued a $2.00 target price on shares of Catabasis Pharmaceuticals in a research report on Friday, October 6th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $4.82.

Catabasis Pharmaceuticals (NASDAQ CATB) traded down $0.07 during trading hours on Friday, reaching $1.65. The company’s stock had a trading volume of 227,766 shares, compared to its average volume of 997,131. Catabasis Pharmaceuticals has a twelve month low of $1.08 and a twelve month high of $5.51.

Catabasis Pharmaceuticals (NASDAQ:CATB) last released its earnings results on Thursday, November 9th. The biotechnology company reported ($0.31) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.02. The firm had revenue of $0.25 million during the quarter. equities analysts predict that Catabasis Pharmaceuticals will post -1.41 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of CATB. Renaissance Technologies LLC bought a new position in shares of Catabasis Pharmaceuticals in the first quarter worth $106,000. Oppenheimer & Co. Inc. boosted its holdings in shares of Catabasis Pharmaceuticals by 33.3% in the second quarter. Oppenheimer & Co. Inc. now owns 120,000 shares of the biotechnology company’s stock worth $169,000 after acquiring an additional 30,000 shares during the period. Virtu KCG Holdings LLC bought a new position in shares of Catabasis Pharmaceuticals in the second quarter worth $271,000. Finally, Wedbush Securities Inc. boosted its holdings in shares of Catabasis Pharmaceuticals by 2,368.6% in the third quarter. Wedbush Securities Inc. now owns 251,802 shares of the biotechnology company’s stock worth $534,000 after acquiring an additional 241,602 shares during the period. 33.14% of the stock is owned by hedge funds and other institutional investors.

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About Catabasis Pharmaceuticals

Catabasis Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company is focused on the discovery, development and commercialization of therapeutics based on its Safely Metabolized And Rationally Targeted (SMART), a linker drug discovery platform. The SMART linker drug discovery platform enables to engineer product candidates that can modulate multiple targets in a disease.

Analyst Recommendations for Catabasis Pharmaceuticals (NASDAQ:CATB)

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