ValuEngine cut shares of CytomX Therapeutics, Inc. (NASDAQ:CTMX) from a hold rating to a sell rating in a research note issued to investors on Friday.

A number of other analysts have also recently weighed in on CTMX. Zacks Investment Research cut shares of CytomX Therapeutics from a buy rating to a hold rating in a research note on Monday, May 29th. Jefferies Group LLC reissued a buy rating and issued a $25.00 target price on shares of CytomX Therapeutics in a research note on Tuesday, June 6th. Cowen and Company reissued a buy rating on shares of CytomX Therapeutics in a research note on Wednesday, June 28th. BidaskClub raised shares of CytomX Therapeutics from a sell rating to a hold rating in a research note on Saturday, July 8th. Finally, Cann reissued a hold rating on shares of CytomX Therapeutics in a research note on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. CytomX Therapeutics currently has a consensus rating of Hold and a consensus target price of $25.67.

Shares of CytomX Therapeutics (NASDAQ:CTMX) traded up 4.28% during trading on Friday, reaching $17.31. The company’s stock had a trading volume of 1,152,874 shares. The stock’s market capitalization is $638.17 million. CytomX Therapeutics has a 1-year low of $9.85 and a 1-year high of $20.02. The company’s 50-day moving average price is $15.25 and its 200 day moving average price is $15.24.

CytomX Therapeutics (NASDAQ:CTMX) last posted its earnings results on Monday, August 7th. The biotechnology company reported ($0.69) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.39) by ($0.30). The business had revenue of $8.75 million during the quarter, compared to the consensus estimate of $4.95 million. CytomX Therapeutics had a negative net margin of 206.33% and a negative return on equity of 84.61%. Analysts anticipate that CytomX Therapeutics will post ($1.49) EPS for the current year.

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In other CytomX Therapeutics news, CFO Debanjan Ray sold 2,500 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $15.47, for a total transaction of $38,675.00. Following the sale, the chief financial officer now directly owns 22,126 shares of the company’s stock, valued at $342,289.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frederick W. Gluck sold 5,000 shares of the company’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $14.61, for a total transaction of $73,050.00. The disclosure for this sale can be found here. Insiders have sold 70,229 shares of company stock worth $1,145,499 over the last ninety days. Insiders own 4.70% of the company’s stock.

A number of institutional investors have recently modified their holdings of CTMX. Legal & General Group Plc grew its stake in CytomX Therapeutics by 28.6% during the second quarter. Legal & General Group Plc now owns 6,448 shares of the biotechnology company’s stock worth $101,000 after buying an additional 1,434 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in CytomX Therapeutics during the first quarter worth about $159,000. First Quadrant L P CA bought a new stake in CytomX Therapeutics during the second quarter worth about $160,000. Cubist Systematic Strategies LLC bought a new stake in CytomX Therapeutics during the second quarter worth about $174,000. Finally, Goldman Sachs Group Inc. bought a new stake in CytomX Therapeutics during the first quarter worth about $190,000. 59.97% of the stock is currently owned by hedge funds and other institutional investors.

About CytomX Therapeutics

CytomX Therapeutics, Inc is a clinical-stage, oncology-focused biopharmaceutical company. The Company uses its Probody technology platform to create cancer immunotherapies against clinically validated targets, as well as to develop cancer therapeutics against difficult-to-drug targets. Its pipeline is focused on the development of therapies in a set of modalities: Probody cancer immunotherapies, Probody drug conjugates, T-cell engaging Probody bispecifics and ProCAR-NK cell therapies.

Analyst Recommendations for CytomX Therapeutics (NASDAQ:CTMX)

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