ValuEngine cut shares of ChemoCentryx, Inc. (NASDAQ:CCXI) from a hold rating to a sell rating in a research note released on Saturday morning.

CCXI has been the subject of several other research reports. Cowen and Company restated a hold rating on shares of ChemoCentryx in a report on Tuesday, August 8th. Zacks Investment Research upgraded ChemoCentryx from a hold rating to a buy rating and set a $12.00 price objective for the company in a report on Monday, July 17th. Finally, BidaskClub cut ChemoCentryx from a buy rating to a hold rating in a report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $9.00.

Shares of ChemoCentryx (CCXI) opened at 6.75 on Friday. ChemoCentryx has a 12 month low of $5.52 and a 12 month high of $10.80. The firm’s market cap is $328.77 million. The firm has a 50 day moving average price of $7.50 and a 200-day moving average price of $7.84.

ChemoCentryx (NASDAQ:CCXI) last announced its quarterly earnings data on Tuesday, August 8th. The biopharmaceutical company reported ($0.19) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.02). The firm had revenue of $8.94 million during the quarter. On average, analysts predict that ChemoCentryx will post ($0.90) EPS for the current fiscal year.

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A number of large investors have recently modified their holdings of CCXI. Russell Investments Group Ltd. lifted its stake in ChemoCentryx by 51.5% in the 1st quarter. Russell Investments Group Ltd. now owns 94,165 shares of the biopharmaceutical company’s stock valued at $686,000 after purchasing an additional 31,997 shares during the last quarter. TIAA CREF Investment Management LLC lifted its stake in ChemoCentryx by 37.5% in the 1st quarter. TIAA CREF Investment Management LLC now owns 128,546 shares of the biopharmaceutical company’s stock valued at $936,000 after purchasing an additional 35,049 shares during the last quarter. Thrivent Financial For Lutherans acquired a new stake in ChemoCentryx in the 1st quarter valued at about $852,000. Vanguard Group Inc. lifted its stake in ChemoCentryx by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 1,198,730 shares of the biopharmaceutical company’s stock valued at $8,727,000 after purchasing an additional 47,475 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in ChemoCentryx by 4.6% in the 1st quarter. Geode Capital Management LLC now owns 196,708 shares of the biopharmaceutical company’s stock valued at $1,432,000 after purchasing an additional 8,697 shares during the last quarter. Institutional investors and hedge funds own 49.31% of the company’s stock.

About ChemoCentryx

ChemoCentryx, Inc is a biopharmaceutical company. The Company is engaged in developing new medications targeted at inflammatory disorders, autoimmune diseases and cancer. Each of its drug candidates focuses on a specific chemoattractant receptor that selectively blocks its negative inflammatory or suppressive response, leaving the rest of the immune system intact.

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