Catabasis Pharmaceuticals, Inc. (CATB) Stock Price Up -2%
Catabasis Pharmaceuticals, Inc. (NASDAQ:CATB) shares were up 2% during trading on Thursday . The stock traded as high as $1.52 and last traded at $1.47. Approximately 198,626 shares were traded during mid-day trading, a decline of 6% from the average daily volume of 210,388 shares. The stock had previously closed at $1.50.
Several research analysts recently commented on CATB shares. HC Wainwright raised their price target on shares of Catabasis Pharmaceuticals from $8.00 to $9.00 and gave the company a “buy” rating in a report on Monday, August 14th. Zacks Investment Research lowered shares of Catabasis Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Friday, May 19th. Wedbush restated an “ourperform” rating and issued a $4.00 price target on shares of Catabasis Pharmaceuticals in a report on Monday, May 15th. Finally, Oppenheimer Holdings, Inc. cut their price target on shares of Catabasis Pharmaceuticals from $9.00 to $4.00 and set an “outperform” rating on the stock in a report on Tuesday, August 15th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Catabasis Pharmaceuticals presently has a consensus rating of “Buy” and an average price target of $4.50.
The company’s 50-day moving average is $1.27 and its 200-day moving average is $1.36. The firm’s market cap is $32.12 million.
Catabasis Pharmaceuticals (NASDAQ:CATB) last announced its quarterly earnings results on Thursday, August 10th. The biotechnology company reported ($0.32) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.40) by $0.08. Equities research analysts expect that Catabasis Pharmaceuticals, Inc. will post ($1.39) EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC bought a new stake in shares of Catabasis Pharmaceuticals in the 1st quarter valued at approximately $106,000. Oppenheimer & Co. Inc. bought a new stake in shares of Catabasis Pharmaceuticals in the 1st quarter valued at approximately $144,000. Finally, Virtu KCG Holdings LLC bought a new stake in shares of Catabasis Pharmaceuticals in the 2nd quarter valued at approximately $271,000. 32.90% of the stock is owned by institutional investors and hedge funds.
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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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