Calithera Biosciences Inc. (NASDAQ:CALA)’s share price dropped 3.5% on Thursday . The company traded as low as $3.27 and last traded at $3.29, with a volume of 184,732 shares changing hands. The stock had previously closed at $3.41.

CALA has been the topic of a number of analyst reports. Wells Fargo & Co. reiterated a “buy” rating on shares of Calithera Biosciences in a research report on Thursday, May 12th. Zacks Investment Research upgraded shares of Calithera Biosciences from a “hold” rating to a “buy” rating and set a $6.50 price objective on the stock in a research report on Tuesday, March 22nd. Finally, JMP Securities reiterated a “buy” rating on shares of Calithera Biosciences in a research report on Wednesday, June 8th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Calithera Biosciences has a consensus rating of “Buy” and an average target price of $10.48.

The company has a 50 day moving average of $4.46 and a 200 day moving average of $5.31. The company’s market cap is $65.21 million.

Calithera Biosciences (NASDAQ:CALA) last posted its quarterly earnings results on Tuesday, May 10th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.47) by $0.05. Equities research analysts predict that Calithera Biosciences Inc. will post ($2.15) earnings per share for the current fiscal year.

Calithera Biosciences, Inc is a clinical-stage pharmaceutical company. The Company focuses on discovering and developing small molecule drugs directed against tumor and immune cell targets that control key metabolic pathways in the tumor microenvironment. It is engaged in developing agents that take advantage of the metabolic requirements of tumor cells and cancer-fighting immune cells, such as cytotoxic T-cells.

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