Shares of Endocyte (NASDAQ:ECYT) have earned an average recommendation of “Buy” from the seven brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating and six have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $7.00.

A number of brokerages have commented on ECYT. Jefferies Group began coverage on Endocyte in a research report on Friday, April 13th. They issued a “buy” rating on the stock. BidaskClub lowered Endocyte from a “strong-buy” rating to a “buy” rating in a research report on Thursday. ValuEngine upgraded Endocyte from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Wells Fargo began coverage on Endocyte in a research report on Friday, March 9th. They issued an “outperform” rating on the stock. Finally, Cowen upgraded Endocyte from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 27th.

In other news, VP Christopher P. Leamon sold 5,036 shares of the firm’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $9.07, for a total value of $45,676.52. Following the transaction, the vice president now directly owns 143,470 shares in the company, valued at approximately $1,301,272.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.86% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the company. Perceptive Advisors LLC bought a new position in shares of Endocyte in the 4th quarter worth $6,213,000. AXA bought a new position in shares of Endocyte in the 4th quarter worth $101,000. EAM Investors LLC bought a new position in shares of Endocyte in the 4th quarter worth $420,000. Goldman Sachs Group Inc. boosted its position in shares of Endocyte by 1,443.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 173,759 shares of the biopharmaceutical company’s stock worth $744,000 after purchasing an additional 162,498 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Endocyte by 34.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 98,313 shares of the biopharmaceutical company’s stock worth $147,000 after purchasing an additional 25,003 shares during the last quarter. Institutional investors and hedge funds own 29.14% of the company’s stock.

Shares of ECYT opened at $9.40 on Friday. The firm has a market capitalization of $622.79, a price-to-earnings ratio of -9.40 and a beta of 0.48. Endocyte has a 52 week low of $1.17 and a 52 week high of $11.54.

Endocyte (NASDAQ:ECYT) last announced its quarterly earnings data on Monday, February 26th. The biopharmaceutical company reported ($0.18) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.02). The firm had revenue of $0.01 million during the quarter. Endocyte had a negative net margin of 78,662.86% and a negative return on equity of 40.33%. The business’s revenue was up .0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.26) EPS. equities research analysts predict that Endocyte will post -0.76 earnings per share for the current fiscal year.

Endocyte Company Profile

Endocyte, Inc, a biopharmaceutical company, develops targeted therapies for the treatment of cancer and inflammatory diseases in the United States. The company uses its technology to create novel small molecule drug conjugates (SMDCs) and companion imaging agents. It is developing Vintafolide, a SMDC that is in Phase IIb clinical trial to treat non-small cell lung cancer; EC1456, which is in Phase I dose escalation trial for the treatment of advanced solid tumors; and EC1169, a tubulysin therapeutic that is in Phase I dose escalation trial to treat advanced metastatic castration-resistant prostate cancer.

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