ContraFect Corporation (NASDAQ:CFRX) – Zacks Investment Research lifted their Q3 2017 EPS estimates for ContraFect Corporation in a research report issued on Monday. Zacks Investment Research analyst D. Bautz now anticipates that the biotechnology company will earn ($0.11) per share for the quarter, up from their previous forecast of ($0.18). Zacks Investment Research also issued estimates for ContraFect Corporation’s Q4 2017 earnings at ($0.10) EPS, FY2017 earnings at ($0.43) EPS, FY2018 earnings at ($0.41) EPS and FY2019 earnings at ($0.48) EPS.

ContraFect Corporation (NASDAQ:CFRX) last released its quarterly earnings results on Wednesday, August 9th. The biotechnology company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.11.

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Separately, Maxim Group restated a “hold” rating on shares of ContraFect Corporation in a research note on Wednesday, April 19th.

ContraFect Corporation (CFRX) opened at 1.20 on Wednesday. The firm has a 50-day moving average of $1.34 and a 200-day moving average of $1.60. The stock’s market capitalization is $49.99 million. ContraFect Corporation has a 1-year low of $1.10 and a 1-year high of $3.28.

A hedge fund recently bought a new stake in ContraFect Corporation stock. Westfield Capital Management Co. LP purchased a new position in ContraFect Corporation (NASDAQ:CFRX) during the first quarter, according to its most recent filing with the SEC. The institutional investor purchased 149,600 shares of the biotechnology company’s stock, valued at approximately $269,000. Westfield Capital Management Co. LP owned about 0.36% of ContraFect Corporation at the end of the most recent quarter. Hedge funds and other institutional investors own 25.22% of the company’s stock.

In related news, Director Sol J. Barer purchased 40,000 shares of ContraFect Corporation stock in a transaction dated Tuesday, July 25th. The stock was purchased at an average cost of $1.24 per share, for a total transaction of $49,600.00. Following the completion of the purchase, the director now directly owns 815,933 shares of the company’s stock, valued at approximately $1,011,756.92. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders bought 50,800 shares of company stock valued at $62,992 over the last quarter. Company insiders own 9.30% of the company’s stock.

Earnings History and Estimates for ContraFect Corporation (NASDAQ:CFRX)

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