ChemoCentryx, Inc. (NASDAQ:CCXI) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Thursday.

A number of other research analysts have also weighed in on the stock. Zacks Investment Research raised shares of ChemoCentryx from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Monday, July 17th. Cowen and Company reissued a “hold” rating on shares of ChemoCentryx in a research note on Tuesday.

ChemoCentryx (NASDAQ CCXI) traded down 2.484% on Thursday, reaching $7.655. The company’s stock had a trading volume of 48,463 shares. ChemoCentryx has a 12-month low of $3.95 and a 12-month high of $10.80. The company’s 50 day moving average price is $9.63 and its 200-day moving average price is $7.72. The stock’s market cap is $368.61 million.

ChemoCentryx (NASDAQ:CCXI) last issued its quarterly earnings data on Wednesday, May 10th. The biopharmaceutical company reported ($0.12) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.14. The company had revenue of $8.23 million for the quarter. On average, equities analysts expect that ChemoCentryx will post ($0.90) EPS for the current year.

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In related news, insider Petrus Bekker sold 30,000 shares of ChemoCentryx stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $9.98, for a total value of $299,400.00. Following the completion of the sale, the insider now owns 65,963 shares in the company, valued at approximately $658,310.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 223,649 shares of company stock valued at $2,157,360 in the last quarter. 26.80% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of CCXI. Bank of Montreal Can bought a new stake in ChemoCentryx during the second quarter valued at $102,000. JPMorgan Chase & Co. bought a new stake in ChemoCentryx during the second quarter valued at $104,000. Trexquant Investment LP increased its stake in ChemoCentryx by 81.1% in the second quarter. Trexquant Investment LP now owns 18,600 shares of the biopharmaceutical company’s stock valued at $174,000 after buying an additional 8,327 shares during the period. State of Wisconsin Investment Board bought a new stake in ChemoCentryx during the second quarter valued at $178,000. Finally, First Quadrant L P CA bought a new stake in ChemoCentryx during the second quarter valued at $219,000. Hedge funds and other institutional investors own 49.57% of the company’s stock.

ChemoCentryx Company Profile

ChemoCentryx, Inc is a biopharmaceutical company. The Company is engaged in developing new medications targeted at inflammatory disorders, autoimmune diseases and cancer. Each of its drug candidates focuses on a specific chemoattractant receptor that selectively blocks its negative inflammatory or suppressive response, leaving the rest of the immune system intact.

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