Cytori Therapeutics (NASDAQ:CYTX) has been given a $4.00 price objective by investment analysts at Maxim Group in a note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the biotechnology company’s stock.
Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Cytori Therapeutics from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. B. Riley reissued a “hold” rating on shares of Cytori Therapeutics in a research report on Tuesday, November 7th. Finally, ValuEngine raised shares of Cytori Therapeutics from a “strong sell” rating to a “sell” rating in a research report on Friday, February 2nd.
Cytori Therapeutics (NASDAQ:CYTX) remained flat at $$0.31 on Tuesday. The company had a trading volume of 557,000 shares, compared to its average volume of 2,378,091. The stock has a market cap of $11.06, a price-to-earnings ratio of -0.34 and a beta of 3.11. Cytori Therapeutics has a fifty-two week low of $0.22 and a fifty-two week high of $2.13.
Large investors have recently modified their holdings of the business. Sabby Management LLC boosted its stake in shares of Cytori Therapeutics by 28.0% during the 2nd quarter. Sabby Management LLC now owns 1,626,807 shares of the biotechnology company’s stock valued at $1,789,000 after buying an additional 355,504 shares during the last quarter. Perkins Capital Management Inc. boosted its stake in shares of Cytori Therapeutics by 134.0% during the 4th quarter. Perkins Capital Management Inc. now owns 2,136,041 shares of the biotechnology company’s stock valued at $644,000 after buying an additional 1,223,046 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Cytori Therapeutics by 81.9% during the 2nd quarter. Vanguard Group Inc. now owns 612,304 shares of the biotechnology company’s stock valued at $674,000 after buying an additional 275,653 shares during the last quarter. 10.82% of the stock is owned by institutional investors.
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Cytori Therapeutics Company Profile
Cytori Therapeutics, Inc (Cytori) is a biotechnology company engaged in the development of treatments and devices for a range of disorders using cells as a key part of the therapy. The Company develops cellular therapeutics formulated and optimized for specific diseases and medical conditions and related products.
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