Catabasis Pharmaceuticals, Inc. (CATB) Receives Average Recommendation of “Buy” from Analysts
Shares of Catabasis Pharmaceuticals, Inc. (NASDAQ:CATB) have received a consensus rating of “Buy” from the seven research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $4.82.
CATB has been the subject of a number of research reports. CIBC reissued an “outperform” rating and set a $7.00 price target (up from $4.00) on shares of Catabasis Pharmaceuticals in a research note on Thursday, October 5th. Zacks Investment Research raised Catabasis Pharmaceuticals from a “hold” rating to a “buy” rating and set a $1.75 price target for the company in a research note on Thursday, November 16th. Oppenheimer dropped their price target on Catabasis Pharmaceuticals from $9.00 to $4.00 and set an “outperform” rating for the company in a research note on Tuesday, August 15th. Citigroup reissued a “hold” rating and set a $1.50 price target on shares of Catabasis Pharmaceuticals in a research note on Friday, September 29th. Finally, Cowen reissued a “market perform” rating and set a $2.00 price target on shares of Catabasis Pharmaceuticals in a research note on Friday, October 6th.
Shares of Catabasis Pharmaceuticals (CATB) opened at $1.71 on Thursday. Catabasis Pharmaceuticals has a 1 year low of $1.08 and a 1 year high of $5.51.
Catabasis Pharmaceuticals (NASDAQ:CATB) last announced its quarterly earnings results on Thursday, November 9th. The biotechnology company reported ($0.31) EPS for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.02. The firm had revenue of $0.25 million for the quarter. equities analysts predict that Catabasis Pharmaceuticals will post -1.39 EPS for the current year.
Several large investors have recently bought and sold shares of the company. Oppenheimer & Co. Inc. lifted its stake in shares of Catabasis Pharmaceuticals by 33.3% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 120,000 shares of the biotechnology company’s stock valued at $169,000 after purchasing an additional 30,000 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Catabasis Pharmaceuticals in the 1st quarter valued at approximately $106,000. Virtu KCG Holdings LLC bought a new stake in shares of Catabasis Pharmaceuticals in the 2nd quarter valued at approximately $271,000. Finally, Wedbush Securities Inc. lifted its stake in shares of Catabasis Pharmaceuticals by 2,368.6% in the 3rd quarter. Wedbush Securities Inc. now owns 251,802 shares of the biotechnology company’s stock valued at $534,000 after purchasing an additional 241,602 shares during the last quarter. 33.14% of the stock is owned by institutional investors and hedge funds.
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About Catabasis Pharmaceuticals
Catabasis Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company is focused on the discovery, development and commercialization of therapeutics based on its Safely Metabolized And Rationally Targeted (SMART), a linker drug discovery platform. The SMART linker drug discovery platform enables to engineer product candidates that can modulate multiple targets in a disease.
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