Shares of Kindred Biosciences, Inc. (NASDAQ:KIN) have earned an average rating of “Buy” from the seven research firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $8.56.

A number of equities research analysts recently issued reports on KIN shares. Zacks Investment Research raised Kindred Biosciences from a “hold” rating to a “buy” rating and set a $8.25 target price on the stock in a research report on Wednesday, September 27th. Aegis assumed coverage on Kindred Biosciences in a research report on Friday, June 16th. They set a “buy” rating and a $10.50 price target for the company.

In related news, major shareholder Park West Asset Management Llc acquired 600,000 shares of the firm’s stock in a transaction dated Wednesday, July 12th. The stock was bought at an average price of $7.50 per share, for a total transaction of $4,500,000.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 19.10% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Nationwide Fund Advisors bought a new position in shares of Kindred Biosciences in the second quarter valued at $100,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Kindred Biosciences during the first quarter worth $102,000. JPMorgan Chase & Co. acquired a new position in Kindred Biosciences during the second quarter worth $119,000. Trexquant Investment LP bought a new stake in Kindred Biosciences during the second quarter worth $120,000. Finally, OxFORD Asset Management LLP bought a new stake in Kindred Biosciences during the second quarter worth $128,000. Institutional investors own 60.37% of the company’s stock.

Shares of Kindred Biosciences (NASDAQ KIN) traded up 1.27% during trading on Wednesday, reaching $7.95. 91,213 shares of the company traded hands. Kindred Biosciences has a 12 month low of $3.90 and a 12 month high of $9.65. The stock’s market cap is $221.30 million. The stock’s 50 day moving average price is $7.28 and its 200-day moving average price is $7.24.

Kindred Biosciences (NASDAQ:KIN) last posted its quarterly earnings data on Monday, August 7th. The biopharmaceutical company reported ($0.29) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.04. On average, equities research analysts expect that Kindred Biosciences will post ($1.27) EPS for the current fiscal year.

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Kindred Biosciences Company Profile

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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