Chiasma, Inc. (CHMA) Receives Average Recommendation of “Strong Sell” from Analysts

Chiasma, Inc. (NASDAQ:CHMA) has been assigned an average broker rating score of 5.00 (Strong Sell) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell rating.

Brokers have set a 12 month consensus price target of $2.50 for the company, according to Zacks. Zacks has also assigned Chiasma an industry rank of 111 out of 265 based on the ratings given to its competitors.

Separately, ValuEngine raised Chiasma from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st.

Shares of Chiasma (NASDAQ:CHMA) traded down $0.05 during trading hours on Friday, reaching $1.80. The company’s stock had a trading volume of 36,267 shares, compared to its average volume of 32,658. Chiasma has a 12-month low of $1.25 and a 12-month high of $2.95.

In related news, Director Scott Minick purchased 15,000 shares of the stock in a transaction dated Wednesday, September 20th. The stock was bought at an average cost of $2.38 per share, with a total value of $35,700.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

An institutional investor recently bought a new position in Chiasma stock. Dimensional Fund Advisors LP purchased a new stake in Chiasma, Inc. (NASDAQ:CHMA) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 53,481 shares of the biotechnology company’s stock, valued at approximately $136,000. Dimensional Fund Advisors LP owned about 0.22% of Chiasma at the end of the most recent reporting period. Hedge funds and other institutional investors own 54.56% of the company’s stock.

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Chiasma Company Profile

Chiasma, Inc is a biopharmaceutical company. The Company is engaged in developing and commercializing oral forms of therapies that are available only by injection. Using its Transient Permeability Enhancer (TPE) technology platform, the Company is developing oral therapies. The Company has completed a Phase III clinical trial of its TPE platform-based product candidate, oral octreotide capsules (trade named as MYCAPSSA) for the treatment of acromegaly, a condition that results in the body’s production of excess growth hormone.

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