Cidara Therapeutics, Inc. (CDTX) Given a $15.00 Price Target at Cantor Fitzgerald
Cidara Therapeutics, Inc. (NASDAQ:CDTX) received a $15.00 price objective from Cantor Fitzgerald in a research note issued on Thursday. The firm currently has a “buy” rating on the biotechnology company’s stock. Cantor Fitzgerald’s price target suggests a potential upside of 141.94% from the stock’s current price.
CDTX has been the subject of a number of other research reports. ValuEngine lowered Cidara Therapeutics from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. BTIG Research restated a “buy” rating and set a $20.00 price objective (up from $15.00) on shares of Cidara Therapeutics in a research report on Saturday, April 29th. Wedbush restated an “outperform” rating and set a $13.00 price objective on shares of Cidara Therapeutics in a research report on Tuesday, May 16th. HC Wainwright restated a “buy” rating and set a $14.00 price objective (down from $18.00) on shares of Cidara Therapeutics in a research report on Monday, April 17th. Finally, Zacks Investment Research lowered Cidara Therapeutics from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Cidara Therapeutics currently has an average rating of “Buy” and a consensus target price of $13.14.
Cidara Therapeutics (NASDAQ CDTX) traded down 4.62% on Thursday, reaching $6.20. 202,360 shares of the company’s stock were exchanged. The stock’s market capitalization is $104.20 million. The firm’s 50 day moving average is $7.33 and its 200 day moving average is $7.55. Cidara Therapeutics has a 1-year low of $5.65 and a 1-year high of $12.95.
Cidara Therapeutics (NASDAQ:CDTX) last released its quarterly earnings results on Wednesday, August 9th. The biotechnology company reported ($0.99) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.91) by $0.08. Analysts expect that Cidara Therapeutics will post ($3.52) EPS for the current year.
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In other Cidara Therapeutics news, CEO Jeffrey Stein acquired 15,000 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was purchased at an average cost of $5.95 per share, for a total transaction of $89,250.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Taylor Sandison acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, June 7th. The shares were acquired at an average price of $5.90 per share, with a total value of $118,000.00. The disclosure for this purchase can be found here. Company insiders own 18.90% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Trexquant Investment LP purchased a new stake in shares of Cidara Therapeutics during the second quarter valued at about $110,000. Teachers Advisors LLC raised its stake in shares of Cidara Therapeutics by 17.5% in the fourth quarter. Teachers Advisors LLC now owns 16,524 shares of the biotechnology company’s stock valued at $172,000 after buying an additional 2,458 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Cidara Therapeutics during the fourth quarter valued at about $173,000. JPMorgan Chase & Co. raised its stake in shares of Cidara Therapeutics by 455.6% in the first quarter. JPMorgan Chase & Co. now owns 25,639 shares of the biotechnology company’s stock valued at $200,000 after buying an additional 21,024 shares in the last quarter. Finally, Spark Investment Management LLC purchased a new stake in shares of Cidara Therapeutics during the first quarter valued at about $227,000. Institutional investors and hedge funds own 68.46% of the company’s stock.
About Cidara Therapeutics
Cidara Therapeutics, Inc, formerly K2 Therapeutics, Inc, is a clinical-stage biotechnology company. The Company is engaged in the discovery, development and commercialization of anti-infectives. It is developing a pipeline of product and development candidates with a focus on serious fungal infections.
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