Catabasis Pharmaceuticals, Inc. (NASDAQ:CATB) saw unusually-strong trading volume on Wednesday . Approximately 971,999 shares traded hands during trading, an increase of 394% from the previous session’s volume of 196,748 shares.The stock last traded at $1.50 and had previously closed at $1.36.

A number of analysts recently commented on CATB shares. HC Wainwright increased their price target on Catabasis Pharmaceuticals from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Monday, August 14th. Zacks Investment Research downgraded Catabasis Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Friday, May 19th. Wedbush reaffirmed an “ourperform” rating and set a $4.00 price target on shares of Catabasis Pharmaceuticals in a research report on Monday, May 15th. Finally, Oppenheimer Holdings, Inc. decreased their price target on Catabasis Pharmaceuticals from $9.00 to $4.00 and set an “outperform” rating for the company in a research report on Tuesday, August 15th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $4.50.

The stock’s market capitalization is $33.72 million. The stock has a 50 day moving average price of $1.26 and a 200-day moving average price of $1.35.

Catabasis Pharmaceuticals (NASDAQ:CATB) last announced its earnings results on Thursday, August 10th. The biotechnology company reported ($0.32) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.08. On average, analysts predict that Catabasis Pharmaceuticals, Inc. will post ($1.39) EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Virtu KCG Holdings LLC purchased a new stake in Catabasis Pharmaceuticals during the 2nd quarter valued at $271,000. Oppenheimer & Co. Inc. raised its stake in Catabasis Pharmaceuticals by 33.3% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 120,000 shares of the biotechnology company’s stock valued at $169,000 after buying an additional 30,000 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in Catabasis Pharmaceuticals during the 1st quarter valued at $106,000. Institutional investors and hedge funds own 32.90% of the company’s stock.

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Catabasis Pharmaceuticals Company Profile

Catabasis Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company is focused on the discovery, development and commercialization of therapeutics based on its Safely Metabolized And Rationally Targeted (SMART), a linker drug discovery platform. The SMART linker drug discovery platform enables to engineer product candidates that can modulate multiple targets in a disease.

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