CymaBay Therapeutics Inc (NASDAQ:CBAY) Director Kurt Von Emster sold 211,124 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $8.09, for a total value of $1,707,993.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of CymaBay Therapeutics Inc (CBAY) traded down 4.47% on Monday, reaching $7.70. The company’s stock had a trading volume of 654,684 shares. The stock has a 50-day moving average of $6.59 and a 200 day moving average of $5.15. The stock’s market capitalization is $336.93 million. CymaBay Therapeutics Inc has a 52 week low of $1.15 and a 52 week high of $8.45.

CymaBay Therapeutics (NASDAQ:CBAY) last announced its earnings results on Thursday, August 10th. The biopharmaceutical company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.06). On average, analysts expect that CymaBay Therapeutics Inc will post ($0.82) EPS for the current year.

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Several brokerages have recently issued reports on CBAY. Oppenheimer Holdings, Inc. began coverage on shares of CymaBay Therapeutics in a report on Friday, June 23rd. They set an “outperform” rating and a $8.00 price target for the company. HC Wainwright increased their price objective on shares of CymaBay Therapeutics from $7.00 to $12.00 and gave the stock a “buy” rating in a report on Monday, July 17th. Piper Jaffray Companies set a $7.00 price objective on shares of CymaBay Therapeutics and gave the stock a “buy” rating in a report on Monday, July 17th. Ifs Securities reiterated a “strong-buy” rating on shares of CymaBay Therapeutics in a research report on Monday, July 17th. Finally, Citigroup Inc. reiterated an “outperform” rating and issued a $15.00 price objective (up from $8.00) on shares of CymaBay Therapeutics in a research report on Thursday, July 20th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $12.69.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in CymaBay Therapeutics by 20.7% in the 2nd quarter. Vanguard Group Inc. now owns 991,633 shares of the biopharmaceutical company’s stock valued at $5,712,000 after purchasing an additional 170,126 shares during the last quarter. Boxer Capital LLC acquired a new position in CymaBay Therapeutics in the first quarter worth $3,342,000. Renaissance Technologies LLC boosted its stake in CymaBay Therapeutics by 97.6% in the first quarter. Renaissance Technologies LLC now owns 231,949 shares of the biopharmaceutical company’s stock worth $997,000 after purchasing an additional 114,549 shares in the last quarter. Ardsley Advisory Partners grew its holdings in shares of CymaBay Therapeutics by 66.2% during the second quarter. Ardsley Advisory Partners now owns 50,210 shares of the biopharmaceutical company’s stock worth $290,000 after purchasing an additional 20,000 shares during the last quarter. Finally, Marshall Wace North America L.P. bought a new stake in shares of CymaBay Therapeutics during the second quarter worth $242,000. Hedge funds and other institutional investors own 25.91% of the company’s stock.

About CymaBay Therapeutics

CymaBay Therapeutics, Inc is a clinical-stage biopharmaceutical company. The Company is focused on developing therapies to treat metabolic diseases, including serious rare and orphan diseases. The Company’s product candidates include Arhalofenate, MBX-8025 and MBX-2982. Arhalofenate is used to treat gout.

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