CytomX Therapeutics’ (CTMX) “Hold” Rating Reiterated at Oppenheimer Holdings, Inc.
A number of other analysts have also recently weighed in on the stock. Bank of America Corporation raised their target price on shares of CytomX Therapeutics from $30.00 to $34.00 and gave the stock a buy rating in a report on Wednesday. Nomura raised their target price on shares of CytomX Therapeutics to $44.00 and gave the stock a buy rating in a report on Wednesday. Wedbush set a $37.00 target price on shares of CytomX Therapeutics and gave the stock a buy rating in a report on Wednesday. ValuEngine lowered shares of CytomX Therapeutics from a hold rating to a sell rating in a research note on Friday, September 15th. Finally, Jefferies Group LLC set a $25.00 price objective on shares of CytomX Therapeutics and gave the stock a buy rating in a research note on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. CytomX Therapeutics has an average rating of Hold and an average target price of $32.67.
Shares of CytomX Therapeutics (NASDAQ CTMX) traded down 2.54% on Wednesday, hitting $21.50. The company had a trading volume of 444,671 shares. The company has a 50-day moving average of $17.37 and a 200 day moving average of $15.69. The stock’s market cap is $792.64 million. CytomX Therapeutics has a 12 month low of $9.85 and a 12 month high of $24.67.
CytomX Therapeutics (NASDAQ:CTMX) last issued its earnings results on Monday, August 7th. The biotechnology company reported ($0.69) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.39) by ($0.30). The business had revenue of $8.75 million for the quarter, compared to the consensus estimate of $4.95 million. CytomX Therapeutics had a negative return on equity of 84.61% and a negative net margin of 206.33%. Analysts anticipate that CytomX Therapeutics will post ($1.47) EPS for the current fiscal year.
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In related news, major shareholder Robert I. Tepper sold 24,777 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $24.34, for a total value of $603,072.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Robert I. Tepper sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $18.00, for a total transaction of $360,000.00. Following the completion of the transaction, the insider now directly owns 54,293 shares of the company’s stock, valued at approximately $977,274. The disclosure for this sale can be found here. Insiders sold a total of 177,794 shares of company stock valued at $3,806,089 in the last ninety days. Company insiders own 4.70% of the company’s stock.
A number of institutional investors have recently bought and sold shares of CTMX. Legal & General Group Plc boosted its stake in CytomX Therapeutics by 28.6% in the 2nd quarter. Legal & General Group Plc now owns 6,448 shares of the biotechnology company’s stock worth $101,000 after purchasing an additional 1,434 shares during the period. First Quadrant L P CA acquired a new position in CytomX Therapeutics in the 2nd quarter worth approximately $160,000. Cubist Systematic Strategies LLC acquired a new position in CytomX Therapeutics in the 2nd quarter worth approximately $174,000. Goldman Sachs Group Inc. acquired a new position in CytomX Therapeutics in the 1st quarter worth approximately $190,000. Finally, Voya Investment Management LLC acquired a new position in CytomX Therapeutics in the 2nd quarter worth approximately $203,000. 59.97% of the stock is owned by hedge funds and other institutional investors.
About CytomX Therapeutics
CytomX Therapeutics, Inc is a clinical-stage, oncology-focused biopharmaceutical company. The Company uses its Probody technology platform to create cancer immunotherapies against clinically validated targets, as well as to develop cancer therapeutics against difficult-to-drug targets. Its pipeline is focused on the development of therapies in a set of modalities: Probody cancer immunotherapies, Probody drug conjugates, T-cell engaging Probody bispecifics and ProCAR-NK cell therapies.
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