Cytokinetics, Incorporated (NASDAQ:CYTK) fell 5.9% during trading on Monday . The company traded as low as $11.15 and last traded at $11.10. 847,354 shares traded hands during trading, an increase of 61% from the average session volume of 525,705 shares. The stock had previously closed at $11.80.

A number of equities research analysts recently issued reports on the stock. Cantor Fitzgerald cut shares of Cytokinetics, from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $21.00 to $10.00 in a research note on Wednesday. ValuEngine cut shares of Cytokinetics, from a “hold” rating to a “sell” rating in a research note on Tuesday. Cowen and Company reissued a “buy” rating and issued a $19.00 price target on shares of Cytokinetics, in a research note on Friday, August 4th. Morgan Stanley reissued an “overweight” rating and issued a $17.00 price target (down previously from $25.00) on shares of Cytokinetics, in a research note on Wednesday. Finally, HC Wainwright set a $26.00 price target on shares of Cytokinetics, and gave the company a “buy” rating in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $17.64.

The company has a quick ratio of 7.60, a current ratio of 7.60 and a debt-to-equity ratio of 0.14.

Cytokinetics, (NASDAQ:CYTK) last released its earnings results on Thursday, October 26th. The biopharmaceutical company reported ($0.60) earnings per share for the quarter, beating the consensus estimate of ($0.64) by $0.04. The company had revenue of $6.18 million during the quarter, compared to the consensus estimate of $5.35 million. Cytokinetics, had a negative return on equity of 62.64% and a negative net margin of 172.27%. research analysts forecast that Cytokinetics, Incorporated will post -2.4 earnings per share for the current fiscal year.

In related news, insider Caryn Gordon Mcdowell sold 4,260 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $12.94, for a total value of $55,124.40. Following the completion of the transaction, the insider now directly owns 17,982 shares of the company’s stock, valued at $232,687.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert I. Blum sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $14.71, for a total value of $73,550.00. Following the completion of the transaction, the chief executive officer now directly owns 79,785 shares of the company’s stock, valued at $1,173,637.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 178,223 shares of company stock valued at $2,639,239. Corporate insiders own 7.20% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in CYTK. State of Alaska Department of Revenue purchased a new stake in Cytokinetics, in the second quarter valued at approximately $109,000. Municipal Employees Retirement System of Michigan purchased a new stake in Cytokinetics, in the second quarter valued at approximately $132,000. Birchview Capital LP purchased a new stake in Cytokinetics, in the third quarter valued at approximately $145,000. Piedmont Investment Advisors LLC purchased a new stake in Cytokinetics, in the third quarter valued at approximately $159,000. Finally, BNP Paribas Arbitrage SA lifted its stake in Cytokinetics, by 4,464.4% in the second quarter. BNP Paribas Arbitrage SA now owns 13,328 shares of the biopharmaceutical company’s stock valued at $161,000 after buying an additional 13,036 shares during the last quarter. 71.92% of the stock is owned by hedge funds and other institutional investors.

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About Cytokinetics,

Cytokinetics, Incorporated is a late-stage biopharmaceutical company. The Company is focused on discovering, developing and commercializing first-in-class muscle activators as potential treatments for debilitating diseases in which muscle performance is compromised and/or declining. It is focused on the discovery and development of small molecule therapeutics that modulate muscle function for the treatment of serious diseases and medical conditions.

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