Brokerages Anticipate CymaBay Therapeutics (CBAY) Will Post Quarterly Sales of $5.00 Million

Wall Street analysts expect CymaBay Therapeutics (NASDAQ:CBAY) to report $5.00 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for CymaBay Therapeutics’ earnings. CymaBay Therapeutics reported sales of $4.79 million during the same quarter last year, which indicates a positive year-over-year growth rate of 4.4%. The firm is expected to report its next quarterly earnings results on Thursday, May 10th.

On average, analysts expect that CymaBay Therapeutics will report full-year sales of $5.00 million for the current fiscal year. For the next fiscal year, analysts forecast that the company will report sales of $23.67 million per share, with estimates ranging from $15.00 million to $36.00 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow CymaBay Therapeutics.

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CymaBay Therapeutics (NASDAQ:CBAY) last released its quarterly earnings results on Thursday, March 15th. The biopharmaceutical company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.06. The firm had revenue of $5.20 million for the quarter, compared to the consensus estimate of $1.25 million.

CBAY has been the subject of several recent research reports. HC Wainwright initiated coverage on shares of CymaBay Therapeutics in a research report on Wednesday, March 28th. They set a “buy” rating and a $18.00 price target for the company. Roth Capital restated a “buy” rating and set a $27.00 price target on shares of CymaBay Therapeutics in a research report on Thursday, January 25th. BidaskClub upgraded shares of CymaBay Therapeutics from a “hold” rating to a “buy” rating in a research report on Friday, January 26th. Evercore ISI assumed coverage on shares of CymaBay Therapeutics in a report on Tuesday, February 13th. They issued an “outperform” rating for the company. Finally, Oppenheimer set a $18.00 price objective on shares of CymaBay Therapeutics and gave the stock a “buy” rating in a report on Wednesday, April 11th. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $18.78.

In other CymaBay Therapeutics news, Director Kurt Von Emster sold 218,057 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $15.89, for a total value of $3,464,925.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carl Goldfischer sold 15,000 shares of the company’s stock in a transaction dated Thursday, March 22nd. The shares were sold at an average price of $13.03, for a total transaction of $195,450.00. Following the completion of the sale, the director now directly owns 9,340 shares of the company’s stock, valued at $121,700.20. The disclosure for this sale can be found here. Insiders sold 815,648 shares of company stock valued at $10,283,751 in the last ninety days. Corporate insiders own 15.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of CBAY. Schwab Charles Investment Management Inc. acquired a new stake in CymaBay Therapeutics in the 4th quarter valued at about $115,000. Goldman Sachs Group Inc. acquired a new stake in CymaBay Therapeutics in the 4th quarter valued at about $197,000. Virtu Financial LLC lifted its holdings in CymaBay Therapeutics by 56.2% in the 4th quarter. Virtu Financial LLC now owns 24,735 shares of the biopharmaceutical company’s stock valued at $228,000 after acquiring an additional 8,899 shares during the last quarter. Sigma Planning Corp lifted its holdings in CymaBay Therapeutics by 82.0% in the 4th quarter. Sigma Planning Corp now owns 27,300 shares of the biopharmaceutical company’s stock valued at $251,000 after acquiring an additional 12,300 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in CymaBay Therapeutics by 7,729.2% in the 4th quarter. Wells Fargo & Company MN now owns 39,146 shares of the biopharmaceutical company’s stock valued at $360,000 after acquiring an additional 38,646 shares during the last quarter. 58.15% of the stock is owned by institutional investors.

CymaBay Therapeutics stock opened at $13.12 on Tuesday. The stock has a market cap of $789.77, a PE ratio of -16.61 and a beta of 2.06. The company has a debt-to-equity ratio of 0.04, a current ratio of 6.35 and a quick ratio of 6.35. CymaBay Therapeutics has a one year low of $3.16 and a one year high of $15.59.

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About CymaBay Therapeutics

Cymabay Therapeutics, Inc, a biopharmaceutical company, focuses on developing and commercializing therapies to treat specialty and orphan diseases. It engages in developing seladelpar (MBX-8025), a selective agonist of peroxisome proliferator-activated receptor delta, which has completed Phase 2 clinical study for the treatment of primary biliary cholangitis and homozygous familial hypercholesterolemia; and arhalofenate, which completed five Phase II clinical trials for the treatment of gout.

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Earnings History and Estimates for CymaBay Therapeutics (NASDAQ:CBAY)

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