Bank of America Corporation reiterated their buy rating on shares of CytomX Therapeutics, Inc. (NASDAQ:CTMX) in a research note released on Wednesday morning. Bank of America Corporation currently has a $30.00 target price on the biotechnology company’s stock, up from their prior target price of $28.00.

Other analysts have also issued reports about the stock. Cann restated a hold rating on shares of CytomX Therapeutics in a report on Tuesday. BidaskClub lowered shares of CytomX Therapeutics from a hold rating to a sell rating in a report on Monday, July 24th. Cowen and Company restated a buy rating on shares of CytomX Therapeutics in a report on Wednesday, June 28th. Jefferies Group LLC restated a buy rating and issued a $25.00 price objective on shares of CytomX Therapeutics in a report on Tuesday, June 6th. Finally, ValuEngine lowered shares of CytomX Therapeutics from a hold rating to a sell rating in a report on Thursday, May 11th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $25.60.

CytomX Therapeutics (NASDAQ:CTMX) traded up 0.94% on Wednesday, reaching $13.98. The company’s stock had a trading volume of 159,504 shares. CytomX Therapeutics has a 52-week low of $9.85 and a 52-week high of $20.02. The company’s market cap is $515.40 million. The firm’s 50-day moving average price is $14.70 and its 200 day moving average price is $14.50.

CytomX Therapeutics (NASDAQ:CTMX) last issued its quarterly earnings data on Monday, August 7th. The biotechnology company reported ($0.69) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.39) by $0.30. CytomX Therapeutics had a negative return on equity of 84.61% and a negative net margin of 206.33%. The company had revenue of $8.75 million during the quarter, compared to analysts’ expectations of $4.95 million. Equities analysts anticipate that CytomX Therapeutics will post ($1.47) EPS for the current fiscal year.

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In other news, CFO Debanjan Ray sold 2,500 shares of CytomX Therapeutics stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $15.47, for a total transaction of $38,675.00. Following the completion of the transaction, the chief financial officer now directly owns 22,126 shares in the company, valued at $342,289.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Robert I. Tepper sold 15,000 shares of CytomX Therapeutics stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $16.00, for a total transaction of $240,000.00. Following the transaction, the insider now owns 44,777 shares of the company’s stock, valued at $716,432. The disclosure for this sale can be found here. Insiders have sold 39,343 shares of company stock valued at $606,856 over the last quarter. Company insiders own 4.70% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC raised its position in CytomX Therapeutics by 71.4% in the second quarter. Citadel Advisors LLC now owns 31,043 shares of the biotechnology company’s stock valued at $481,000 after buying an additional 12,927 shares during the last quarter. Nordea Investment Management AB acquired a new position in CytomX Therapeutics during the second quarter valued at about $1,451,000. FMR LLC raised its position in CytomX Therapeutics by 0.6% in the second quarter. FMR LLC now owns 5,512,459 shares of the biotechnology company’s stock valued at $85,444,000 after buying an additional 34,732 shares during the last quarter. Vanguard Group Inc. raised its position in CytomX Therapeutics by 12.2% in the second quarter. Vanguard Group Inc. now owns 924,138 shares of the biotechnology company’s stock valued at $14,323,000 after buying an additional 100,607 shares during the last quarter. Finally, Northern Trust Corp raised its position in CytomX Therapeutics by 36.5% in the second quarter. Northern Trust Corp now owns 316,586 shares of the biotechnology company’s stock valued at $4,907,000 after buying an additional 84,602 shares during the last quarter. Hedge funds and other institutional investors own 52.33% of the company’s stock.

CytomX Therapeutics Company Profile

CytomX Therapeutics, Inc is a clinical-stage, oncology-focused biopharmaceutical company. The Company uses its Probody technology platform to create cancer immunotherapies against clinically validated targets, as well as to develop cancer therapeutics against difficult-to-drug targets. Its pipeline is focused on the development of therapies in a set of modalities: Probody cancer immunotherapies, Probody drug conjugates, T-cell engaging Probody bispecifics and ProCAR-NK cell therapies.

Analyst Recommendations for CytomX Therapeutics (NASDAQ:CTMX)

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