BidaskClub upgraded shares of CytomX Therapeutics (NASDAQ:CTMX) from a hold rating to a buy rating in a report released on Friday morning, BidAskClub reports.

Several other equities analysts also recently issued reports on CTMX. Nomura reduced their price objective on CytomX Therapeutics to $22.00 in a research report on Monday, May 13th. ValuEngine downgraded Zosano Pharma from a buy rating to a hold rating in a research report on Wednesday, May 1st. Mizuho initiated coverage on CytomX Therapeutics in a report on Wednesday, June 12th. They set a buy rating and a $16.00 target price on the stock. Cantor Fitzgerald reissued an overweight rating and set a $23.00 target price (up previously from $21.00) on shares of CytomX Therapeutics in a report on Monday, June 3rd. Finally, Zacks Investment Research cut German American Bancorp. from a buy rating to a hold rating in a report on Tuesday, April 30th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company’s stock. CytomX Therapeutics presently has an average rating of Buy and an average price target of $20.72.

Shares of NASDAQ CTMX opened at $11.79 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.21 and a current ratio of 4.21. The business’s 50 day simple moving average is $10.80. The firm has a market capitalization of $535.58 million, a P/E ratio of -5.81 and a beta of 0.64. CytomX Therapeutics has a 12-month low of $8.94 and a 12-month high of $27.20.

CytomX Therapeutics (NASDAQ:CTMX) last issued its quarterly earnings data on Thursday, May 9th. The biotechnology company reported ($0.31) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.53) by $0.22. The business had revenue of $29.49 million during the quarter, compared to the consensus estimate of $13.59 million. CytomX Therapeutics had a negative return on equity of 73.62% and a negative net margin of 111.27%. As a group, equities research analysts forecast that CytomX Therapeutics will post -2.13 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA increased its holdings in shares of CytomX Therapeutics by 84,072.7% in the first quarter. BNP Paribas Arbitrage SA now owns 9,259 shares of the biotechnology company’s stock valued at $100,000 after buying an additional 9,248 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of CytomX Therapeutics by 18.6% in the fourth quarter. Legal & General Group Plc now owns 8,342 shares of the biotechnology company’s stock valued at $126,000 after buying an additional 1,306 shares in the last quarter. Deltec Asset Management LLC bought a new position in shares of CytomX Therapeutics in the first quarter valued at $129,000. Metropolitan Life Insurance Co. NY increased its holdings in shares of CytomX Therapeutics by 376.5% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 13,479 shares of the biotechnology company’s stock valued at $204,000 after buying an additional 10,650 shares in the last quarter. Finally, First Trust Advisors LP bought a new position in shares of CytomX Therapeutics in the first quarter valued at $263,000. 81.81% of the stock is currently owned by hedge funds and other institutional investors.

About CytomX Therapeutics

CytomX Therapeutics, Inc operates as an oncology-focused biopharmaceutical company in the United States. The company develops a novel class of investigational antibody therapeutics based on its Probody technology platform for the treatment of cancer. Its product candidates in clinical stage include CX-072, a Probody therapeutic targeting programmed cell death ligand 1 immuno-oncology target; CX-2009, a Probody drug conjugate (PDC) against CD166 novel drug target; BMS-986249, a CTLA-4 Probody therapeutic drug; CX-2029, a PDC targeting CD71; and CX-188, a Probody therapeutic targeting PD-1 anti-cancer target.

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Analyst Recommendations for CytomX Therapeutics (NASDAQ:CTMX)

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