Sunesis Pharmaceuticals, Inc. (SNSS) Given Average Recommendation of “Hold” by Analysts

Sunesis Pharmaceuticals, Inc. (NASDAQ:SNSS) has been assigned a consensus rating of “Hold” from the seven ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $4.16.

Several equities analysts have recently issued reports on SNSS shares. Wells Fargo & Co upgraded Sunesis Pharmaceuticals from a “market perform” rating to an “outperform” rating and decreased their target price for the stock from $2.86 to $2.48 in a research report on Monday, December 11th. Cantor Fitzgerald set a $3.00 target price on Sunesis Pharmaceuticals and gave the stock a “hold” rating in a research report on Monday, December 11th. Cowen restated a “hold” rating on shares of Sunesis Pharmaceuticals in a research report on Thursday, November 2nd. UBS Group started coverage on Sunesis Pharmaceuticals in a research report on Monday, November 20th. They set an “outperform” rating for the company. Finally, Oppenheimer started coverage on Sunesis Pharmaceuticals in a research report on Tuesday, November 21st. They set an “outperform” rating and a $7.00 target price for the company.

In other Sunesis Pharmaceuticals news, major shareholder Mpm Oncology Impact Management acquired 81,500 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were acquired at an average price of $2.77 per share, for a total transaction of $225,755.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 10.21% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in SNSS. Wells Fargo & Company MN lifted its holdings in shares of Sunesis Pharmaceuticals by 77.4% during the 2nd quarter. Wells Fargo & Company MN now owns 41,851 shares of the biopharmaceutical company’s stock valued at $113,000 after purchasing an additional 18,254 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Sunesis Pharmaceuticals by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 605,759 shares of the biopharmaceutical company’s stock valued at $1,635,000 after purchasing an additional 23,819 shares in the last quarter. Virtu KCG Holdings LLC bought a new position in shares of Sunesis Pharmaceuticals during the 2nd quarter valued at about $208,000. Finally, Balyasny Asset Management LLC bought a new position in shares of Sunesis Pharmaceuticals during the 2nd quarter valued at about $5,400,000. Institutional investors and hedge funds own 39.46% of the company’s stock.

Sunesis Pharmaceuticals (NASDAQ:SNSS) opened at $5.82 on Friday. The stock has a market capitalization of $199.32, a PE ratio of -3.33 and a beta of 1.71. Sunesis Pharmaceuticals has a 12-month low of $1.82 and a 12-month high of $5.99. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of -0.34.

Sunesis Pharmaceuticals (NASDAQ:SNSS) last posted its earnings results on Thursday, November 2nd. The biopharmaceutical company reported ($0.43) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.37) by ($0.06). During the same period in the prior year, the business posted ($0.62) earnings per share. equities research analysts predict that Sunesis Pharmaceuticals will post -1.58 earnings per share for the current fiscal year.

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About Sunesis Pharmaceuticals

Sunesis Pharmaceuticals, Inc is a biopharmaceutical company. The Company focuses on the development and commercialization of its pipeline of oncology therapeutics for the treatment of solid and hematologic cancers. The Company offers QINPREZO (vosaroxin), which is a product candidate for the treatment of acute myeloid leukemia (AML).

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