Catalyst Pharmaceuticals, Inc. (CPRX) Earns Buy Rating from HC Wainwright
HC Wainwright reissued their buy rating on shares of Catalyst Pharmaceuticals, Inc. (NASDAQ:CPRX) in a report released on Friday morning. They currently have a $6.00 price objective on the biopharmaceutical company’s stock.
CPRX has been the topic of several other reports. Piper Jaffray Companies set a $6.00 target price on Catalyst Pharmaceuticals and gave the stock a buy rating in a report on Monday, August 7th. SunTrust Banks, Inc. reaffirmed a buy rating and issued a $5.00 target price on shares of Catalyst Pharmaceuticals in a report on Tuesday, September 5th. Roth Capital set a $5.00 target price on Catalyst Pharmaceuticals and gave the stock a buy rating in a report on Wednesday, November 1st. Finally, Zacks Investment Research raised Catalyst Pharmaceuticals from a sell rating to a hold rating in a report on Tuesday, October 31st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $5.50.
Shares of Catalyst Pharmaceuticals (NASDAQ CPRX) traded down $0.12 during trading on Friday, hitting $2.87. The stock had a trading volume of 2,011,700 shares, compared to its average volume of 872,389. Catalyst Pharmaceuticals has a fifty-two week low of $1.01 and a fifty-two week high of $3.24.
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In other news, insider Patrick J. Mcenany bought 20,000 shares of Catalyst Pharmaceuticals stock in a transaction dated Tuesday, September 5th. The shares were purchased at an average cost of $2.58 per share, with a total value of $51,600.00. Following the completion of the acquisition, the insider now owns 4,471,026 shares of the company’s stock, valued at approximately $11,535,247.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 8.79% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Nationwide Fund Advisors bought a new stake in Catalyst Pharmaceuticals during the second quarter worth approximately $111,000. New York State Common Retirement Fund bought a new stake in Catalyst Pharmaceuticals during the second quarter worth approximately $114,000. Bank of New York Mellon Corp increased its stake in Catalyst Pharmaceuticals by 3.6% during the first quarter. Bank of New York Mellon Corp now owns 69,176 shares of the biopharmaceutical company’s stock worth $135,000 after acquiring an additional 2,404 shares during the last quarter. SG Americas Securities LLC bought a new stake in Catalyst Pharmaceuticals during the third quarter worth approximately $144,000. Finally, State of Wisconsin Investment Board bought a new stake in Catalyst Pharmaceuticals during the second quarter worth approximately $149,000. 40.19% of the stock is currently owned by institutional investors.
Catalyst Pharmaceuticals Company Profile
Catalyst Pharmaceuticals, Inc, formerly Catalyst Pharmaceutical Partners, Inc, is a development-stage biopharmaceutical company. The Company is focused on developing and commercializing therapies for people with rare debilitating diseases. The Company has three drugs in development: Firdapse, CPP-109 and CPP-115.
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