G1 THERAPEUTICS (GTHX) Rating Reiterated by Cowen and Company
G1 THERAPEUTICS (NASDAQ:GTHX)‘s stock had its “buy” rating reiterated by equities researchers at Cowen and Company in a research note issued on Wednesday.
The analysts wrote, “G1 Therapeutics ended Q2 with $133MM in cash following completion of an IPO in.””
Other equities research analysts also recently issued research reports about the company. Needham & Company LLC assumed coverage on G1 THERAPEUTICS in a report on Monday, June 12th. They issued a “buy” rating and a $34.00 price objective for the company. Wedbush assumed coverage on G1 THERAPEUTICS in a report on Monday, June 12th. They issued an “outperform” rating and a $31.00 price objective for the company. Finally, J P Morgan Chase & Co assumed coverage on G1 THERAPEUTICS in a report on Monday, June 12th. They issued an “overweight” rating and a $23.00 price objective for the company.
Shares of G1 THERAPEUTICS (NASDAQ GTHX) traded down 2.49% during trading on Wednesday, reaching $12.53. The company had a trading volume of 28,749 shares. The company has a 50 day moving average of $15.89 and a 200-day moving average of $16.49. The firm’s market capitalization is $18.54 million. G1 THERAPEUTICS has a 52-week low of $12.04 and a 52-week high of $20.60.
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In other G1 THERAPEUTICS news, insider Ra Capital Healthcare Fund Lp purchased 400,000 shares of the stock in a transaction on Monday, May 22nd. The stock was bought at an average cost of $15.00 per share, for a total transaction of $6,000,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Clay Thorp purchased 133,333 shares of the stock in a transaction on Monday, May 22nd. The stock was acquired at an average price of $15.00 per share, with a total value of $1,999,995.00. The disclosure for this purchase can be found here. Insiders purchased 833,333 shares of company stock valued at $12,499,995 in the last quarter.
Several large investors have recently made changes to their positions in GTHX. Chartwell Investment Partners LLC acquired a new stake in shares of G1 THERAPEUTICS during the second quarter valued at about $1,538,000. Victory Capital Management Inc. acquired a new stake in shares of G1 THERAPEUTICS during the second quarter valued at about $889,000. Finally, Alps Advisors Inc. acquired a new stake in shares of G1 THERAPEUTICS during the second quarter valued at about $444,000. Institutional investors own 4.57% of the company’s stock.
About G1 THERAPEUTICS
G1 Therapeutics, Inc is a United States-based clinical-stage biopharmaceutical company. The Company is engaged in developing small-molecule therapies for the treatment of cancer. Its two clinical-stage candidates are trilaciclib (G1T28) and G1T38, which are potent, selective inhibitors of the validated kinase targets CDK4/6.
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