Cerulean Pharma Inc. (NASDAQ:CERU) rose 9.6% on Friday . The company traded as high as $2.52 and last traded at $2.29, with a volume of 385,410 shares trading hands. The stock had previously closed at $2.09.

CERU has been the subject of a number of research reports. Wedbush reiterated an “outperform” rating and issued a $9.00 price objective on shares of Cerulean Pharma in a research note on Tuesday, April 19th. Canaccord Genuity reiterated a “buy” rating and issued a $15.00 price objective on shares of Cerulean Pharma in a research note on Wednesday, April 20th. Janney Montgomery Scott initiated coverage on Cerulean Pharma in a research note on Wednesday, June 1st. They issued a “buy” rating for the company. Finally, Leerink Swann reiterated a “buy” rating on shares of Cerulean Pharma in a research note on Sunday, June 26th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $9.28.

The firm’s market cap is $62.39 million. The firm has a 50-day moving average price of $2.22 and a 200 day moving average price of $2.50.

Cerulean Pharma (NASDAQ:CERU) last issued its quarterly earnings data on Monday, May 2nd. The company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.43) by $0.06. On average, equities research analysts expect that Cerulean Pharma Inc. will post ($1.80) EPS for the current fiscal year.

Cerulean Pharma Inc is a clinical-stage, oncology-focused company. The Company applies its Dynamic Tumor Targeting platform to develop differentiated therapies. Its platform utilizes nanoparticle-drug conjugates (NDCs), which consist of polymers that are covalently linked to anti-cancer therapeutics or payloads.

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