Kindred Biosciences, Inc. (KIN) Receives New Coverage from Analysts at HC Wainwright
HC Wainwright started coverage on shares of Kindred Biosciences, Inc. (NASDAQ:KIN) in a research report sent to investors on Friday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $9.50 price objective on the biopharmaceutical company’s stock.
Separately, Zacks Investment Research cut shares of Kindred Biosciences from a buy rating to a hold rating in a report on Wednesday, October 11th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $9.54.
Kindred Biosciences (KIN) opened at $7.45 on Friday. Kindred Biosciences has a one year low of $3.90 and a one year high of $9.65.
Kindred Biosciences (NASDAQ:KIN) last announced its earnings results on Tuesday, November 7th. The biopharmaceutical company reported ($0.29) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.33) by $0.04. equities research analysts forecast that Kindred Biosciences will post -1.14 earnings per share for the current year.
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Several large investors have recently bought and sold shares of the company. Nationwide Fund Advisors purchased a new stake in Kindred Biosciences in the second quarter worth approximately $100,000. JPMorgan Chase & Co. purchased a new stake in Kindred Biosciences in the second quarter worth approximately $119,000. Trexquant Investment LP purchased a new stake in Kindred Biosciences in the second quarter worth approximately $120,000. SG Americas Securities LLC purchased a new stake in Kindred Biosciences in the third quarter worth approximately $123,000. Finally, OxFORD Asset Management LLP purchased a new stake in Kindred Biosciences in the second quarter worth approximately $128,000. Hedge funds and other institutional investors own 61.77% of the company’s stock.
About Kindred Biosciences
Kindred Biosciences, Inc is a development-stage biopharmaceutical company. The Company is focused on developing therapies for pets. The Company’s product pipeline consists of small molecules and biologics for a range of indications in dogs, cats and horses. The Company is developing product candidates for over 20 indications and focused on small molecule products and canine and feline biologics products.
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