ValuEngine Upgrades Endocyte, Inc. (ECYT) to “Sell”
ValuEngine upgraded shares of Endocyte, Inc. (NASDAQ:ECYT) from a strong sell rating to a sell rating in a research report sent to investors on Monday morning.
Other analysts have also recently issued reports about the stock. Wedbush cut shares of Endocyte from an outperform rating to a neutral rating and reduced their price objective for the stock from $8.00 to $2.00 in a research note on Monday, June 5th. Zacks Investment Research cut shares of Endocyte from a hold rating to a sell rating in a research note on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. Endocyte currently has a consensus rating of Hold and an average target price of $7.00.
Endocyte (NASDAQ ECYT) traded down 1.23% during midday trading on Monday, reaching $5.63. 3,141,427 shares of the company traded hands. The stock’s market capitalization is $239.70 million. Endocyte has a 12 month low of $1.17 and a 12 month high of $6.55. The firm has a 50 day moving average of $1.81 and a 200-day moving average of $1.91.
Endocyte (NASDAQ:ECYT) last issued its quarterly earnings data on Tuesday, August 8th. The biopharmaceutical company reported ($0.28) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.03). Endocyte had a negative return on equity of 32.68% and a negative net margin of 61,437.14%. The firm had revenue of $0.01 million during the quarter. During the same period last year, the firm earned ($0.25) EPS. Analysts forecast that Endocyte will post ($1.06) EPS for the current fiscal year.
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Institutional investors have recently modified their holdings of the company. Stifel Financial Corp lifted its stake in shares of Endocyte by 3.9% in the first quarter. Stifel Financial Corp now owns 45,353 shares of the biopharmaceutical company’s stock worth $112,000 after buying an additional 1,711 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Endocyte by 34.1% in the second quarter. Dimensional Fund Advisors LP now owns 98,313 shares of the biopharmaceutical company’s stock worth $147,000 after buying an additional 25,003 shares during the last quarter. Teachers Advisors LLC lifted its stake in shares of Endocyte by 17.1% in the fourth quarter. Teachers Advisors LLC now owns 65,119 shares of the biopharmaceutical company’s stock worth $166,000 after buying an additional 9,506 shares during the last quarter. Spark Investment Management LLC acquired a new stake in shares of Endocyte in the second quarter worth $177,000. Finally, LMR Partners LLP acquired a new stake in shares of Endocyte in the second quarter worth $196,000. Institutional investors and hedge funds own 28.80% of the company’s stock.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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