Catalyst Biosciences Inc Expected to Earn FY2022 Earnings of $2.70 Per Share (CBIO)

Catalyst Biosciences Inc (NASDAQ:CBIO) – B. Riley issued their FY2022 EPS estimates for shares of Catalyst Biosciences in a report released on Monday. B. Riley analyst G. Zavoico forecasts that the biopharmaceutical company will post earnings per share of $2.70 for the year. B. Riley has a “Buy” rating and a $49.00 price objective on the stock.

Several other research analysts also recently weighed in on CBIO. ValuEngine upgraded shares of Catalyst Biosciences from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded shares of Catalyst Biosciences from a “buy” rating to a “hold” rating in a research note on Monday, January 1st. Finally, Chardan Capital upped their target price on shares of Catalyst Biosciences from $10.00 to $75.00 and gave the company a “buy” rating in a research note on Friday. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $37.50.

Shares of Catalyst Biosciences (NASDAQ CBIO) traded up $3.45 during mid-day trading on Tuesday, hitting $35.60. 1,293,700 shares of the stock traded hands, compared to its average volume of 526,763. The stock has a market capitalization of $186.91, a P/E ratio of -2.71 and a beta of 2.68. Catalyst Biosciences has a fifty-two week low of $3.11 and a fifty-two week high of $37.00.

A number of hedge funds and other institutional investors have recently bought and sold shares of CBIO. Dimensional Fund Advisors LP boosted its stake in Catalyst Biosciences by 117.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 173,555 shares of the biopharmaceutical company’s stock valued at $873,000 after acquiring an additional 93,592 shares during the last quarter. Vanguard Group Inc. boosted its stake in Catalyst Biosciences by 294.1% during the 2nd quarter. Vanguard Group Inc. now owns 43,714 shares of the biopharmaceutical company’s stock valued at $204,000 after acquiring an additional 32,621 shares during the last quarter. Geode Capital Management LLC bought a new position in Catalyst Biosciences during the 4th quarter valued at $379,000. Bank of New York Mellon Corp bought a new position in Catalyst Biosciences during the 2nd quarter valued at $107,000. Finally, Virtu KCG Holdings LLC bought a new position in Catalyst Biosciences during the 2nd quarter valued at $103,000. Hedge funds and other institutional investors own 22.90% of the company’s stock.

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Catalyst Biosciences Company Profile

Catalyst Biosciences, Inc, formerly Targacept, Inc, is a clinical-stage biopharmaceutical company. The Company is focused on creating and developing medicines to address serious medical conditions. The Company focuses its product development efforts in the fields of hemostasis, including the treatment of hemophilia and surgical bleeding, and inflammation, including prevention of delayed graft function (DGF) in renal transplants and the treatment of dry age-related macular degeneration (dry AMD), a condition that can cause visual impairment or blindness.

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