Cantor Fitzgerald Reiterates Overweight Rating for Corvus Pharmaceuticals (NASDAQ:CRVS)

Cantor Fitzgerald restated their overweight rating on shares of Corvus Pharmaceuticals (NASDAQ:CRVSGet Rating) in a report released on Wednesday, PriceTargets.com reports. Cantor Fitzgerald also issued estimates for Corvus Pharmaceuticals’ FY2022 earnings at ($0.69) EPS and FY2023 earnings at ($0.76) EPS.

Separately, StockNews.com started coverage on shares of Corvus Pharmaceuticals in a report on Friday, July 1st. They issued a sell rating on the stock.

Corvus Pharmaceuticals Trading Down 1.4 %

CRVS opened at $0.78 on Wednesday. The company has a 50 day moving average of $0.96 and a 200 day moving average of $1.17. The company has a market cap of $36.31 million, a PE ratio of -0.97 and a beta of 0.90. Corvus Pharmaceuticals has a 12 month low of $0.75 and a 12 month high of $8.11.

Corvus Pharmaceuticals (NASDAQ:CRVSGet Rating) last released its quarterly earnings data on Monday, August 8th. The company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.01. Research analysts forecast that Corvus Pharmaceuticals will post -0.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Corvus Pharmaceuticals

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Corvus Pharmaceuticals by 2.9% in the first quarter. Vanguard Group Inc. now owns 1,267,752 shares of the company’s stock worth $2,079,000 after buying an additional 36,002 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Corvus Pharmaceuticals by 6.9% in the second quarter. Renaissance Technologies LLC now owns 962,932 shares of the company’s stock worth $953,000 after buying an additional 61,800 shares in the last quarter. Point72 Asset Management L.P. raised its position in shares of Corvus Pharmaceuticals by 38.3% in the fourth quarter. Point72 Asset Management L.P. now owns 795,000 shares of the company’s stock worth $1,916,000 after buying an additional 220,000 shares in the last quarter. Acadian Asset Management LLC raised its position in Corvus Pharmaceuticals by 72.6% during the first quarter. Acadian Asset Management LLC now owns 140,118 shares of the company’s stock valued at $228,000 after purchasing an additional 58,952 shares in the last quarter. Finally, State Street Corp raised its position in Corvus Pharmaceuticals by 12.2% during the first quarter. State Street Corp now owns 112,603 shares of the company’s stock valued at $185,000 after purchasing an additional 12,203 shares in the last quarter. Hedge funds and other institutional investors own 55.02% of the company’s stock.

About Corvus Pharmaceuticals

(Get Rating)

Corvus Pharmaceuticals, Inc, a clinical stage biopharmaceutical company, focuses on the development and commercialization of immuno-oncology therapies. Its lead product candidate is Mupadolimab (CPI-006), an anti-CD73 monoclonal antibody, which is in Phase Ib/II clinical trial for non-small cell lung cancer and head and neck cancers.

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