Cascadian Therapeutics Inc (CASC) Receives Average Rating of “Hold” from Analysts
Shares of Cascadian Therapeutics Inc (NASDAQ:CASC) have received an average rating of “Hold” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $6.00.
Separately, Zacks Investment Research lowered shares of Cascadian Therapeutics from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th.
Several institutional investors and hedge funds have recently made changes to their positions in CASC. Schwab Charles Investment Management Inc. purchased a new stake in shares of Cascadian Therapeutics in the second quarter valued at about $225,000. Rhumbline Advisers purchased a new stake in shares of Cascadian Therapeutics in the second quarter valued at about $143,000. Bank of New York Mellon Corp grew its holdings in shares of Cascadian Therapeutics by 649.9% in the second quarter. Bank of New York Mellon Corp now owns 154,575 shares of the biopharmaceutical company’s stock valued at $574,000 after purchasing an additional 133,962 shares during the period. Teachers Advisors LLC purchased a new stake in shares of Cascadian Therapeutics in the second quarter valued at about $252,000. Finally, TIAA CREF Investment Management LLC purchased a new stake in shares of Cascadian Therapeutics in the second quarter valued at about $347,000. 80.33% of the stock is owned by hedge funds and other institutional investors.
Cascadian Therapeutics (NASDAQ:CASC) last released its earnings results on Wednesday, November 8th. The biopharmaceutical company reported ($0.28) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.29) by $0.01. During the same quarter in the previous year, the business posted ($0.09) EPS. analysts predict that Cascadian Therapeutics will post -1.27 earnings per share for the current fiscal year.
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Cascadian Therapeutics Company Profile
Cascadian Therapeutics, Inc, formerly Oncothyreon Inc, is a clinical-stage biopharmaceutical company. The Company focuses on the development of therapeutic products for the treatment of cancer. The Company’s clinical-stage product candidate includes ONT-380, an orally active and selective small-molecule human epidermal growth factor receptor (HER) 2 inhibitor.
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