Cidara Therapeutics, Inc. (NASDAQ:CDTX) had its target price boosted by HC Wainwright from $14.00 to $16.00 in a report issued on Thursday. They currently have a buy rating on the biotechnology company’s stock.

Several other research firms have also issued reports on CDTX. Zacks Investment Research upgraded shares of Cidara Therapeutics from a hold rating to a buy rating and set a $8.75 price target on the stock in a research report on Wednesday, October 25th. Cantor Fitzgerald reaffirmed a buy rating and issued a $15.00 price objective on shares of Cidara Therapeutics in a research note on Tuesday, September 26th. ValuEngine raised shares of Cidara Therapeutics from a strong sell rating to a sell rating in a research note on Friday, July 14th. Finally, WBB Securities raised shares of Cidara Therapeutics from a sell rating to a hold rating in a research note on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of $13.39.

Cidara Therapeutics (CDTX) traded up $0.15 during trading on Thursday, reaching $7.80. 54,800 shares of the company’s stock traded hands, compared to its average volume of 84,215. The company has a current ratio of 7.69, a quick ratio of 7.49 and a debt-to-equity ratio of 0.16. Cidara Therapeutics has a 12-month low of $5.60 and a 12-month high of $11.85.

Cidara Therapeutics (NASDAQ:CDTX) last posted its quarterly earnings results on Wednesday, November 8th. The biotechnology company reported ($0.73) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.94) by $0.21. sell-side analysts predict that Cidara Therapeutics will post -3.42 earnings per share for the current year.

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In related news, CEO Jeffrey Stein bought 7,350 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was bought at an average price of $6.79 per share, with a total value of $49,906.50. Following the purchase, the chief executive officer now directly owns 51,851 shares of the company’s stock, valued at approximately $352,068.29. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 18.90% of the company’s stock.

Several large investors have recently modified their holdings of the business. BB Biotech AG boosted its stake in shares of Cidara Therapeutics by 5.6% during the 2nd quarter. BB Biotech AG now owns 1,102,578 shares of the biotechnology company’s stock valued at $8,269,000 after buying an additional 58,754 shares during the period. Broadfin Capital LLC boosted its stake in shares of Cidara Therapeutics by 45.0% during the 2nd quarter. Broadfin Capital LLC now owns 816,275 shares of the biotechnology company’s stock valued at $6,122,000 after buying an additional 253,400 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of Cidara Therapeutics during the 2nd quarter valued at $650,000. Susquehanna International Group LLP acquired a new stake in shares of Cidara Therapeutics during the 2nd quarter valued at $350,000. Finally, Trellus Management Company LLC acquired a new stake in shares of Cidara Therapeutics during the 2nd quarter valued at $338,000. 66.11% of the stock is owned by institutional investors.

Cidara Therapeutics Company Profile

Cidara Therapeutics, Inc, formerly K2 Therapeutics, Inc, is a clinical-stage biotechnology company. The Company is engaged in the discovery, development and commercialization of anti-infectives. It is developing a pipeline of product and development candidates with a focus on serious fungal infections.

Analyst Recommendations for Cidara Therapeutics (NASDAQ:CDTX)

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