HC Wainwright assumed coverage on shares of Kindred Biosciences, Inc. (NASDAQ:KIN) in a report issued on Friday. The firm issued a buy rating and a $9.50 price objective on the biopharmaceutical company’s stock.

Separately, Zacks Investment Research upgraded Kindred Biosciences from a hold rating to a buy rating and set a $8.50 price target for the company in a report on Wednesday, September 6th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $9.25.

Shares of Kindred Biosciences (NASDAQ:KIN) remained flat at $$7.35 during trading on Friday. The company’s stock had a trading volume of 58,118 shares, compared to its average volume of 84,556. Kindred Biosciences has a one year low of $3.90 and a one year high of $9.65.

Kindred Biosciences (NASDAQ:KIN) last announced its quarterly earnings results on Tuesday, November 7th. The biopharmaceutical company reported ($0.29) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.04. equities analysts expect that Kindred Biosciences will post -1.14 earnings per share for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in KIN. Nationwide Fund Advisors bought a new stake in Kindred Biosciences during the second quarter worth $100,000. JPMorgan Chase & Co. purchased a new position in Kindred Biosciences in the second quarter worth $119,000. Trexquant Investment LP purchased a new position in Kindred Biosciences in the second quarter worth $120,000. SG Americas Securities LLC purchased a new position in Kindred Biosciences in the third quarter worth $123,000. Finally, OxFORD Asset Management LLP purchased a new position in Kindred Biosciences in the second quarter worth $128,000. Institutional investors and hedge funds own 62.36% of the company’s stock.

About Kindred Biosciences

Kindred Biosciences, Inc is a development-stage biopharmaceutical company. The Company is focused on developing therapies for pets. The Company’s product pipeline consists of small molecules and biologics for a range of indications in dogs, cats and horses. The Company is developing product candidates for over 20 indications and focused on small molecule products and canine and feline biologics products.

Analyst Recommendations for Kindred Biosciences (NASDAQ:KIN)

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