Checkpoint Therapeutics (CKPT) Downgraded by Zacks Investment Research
Zacks Investment Research lowered shares of Checkpoint Therapeutics (NASDAQ:CKPT) from a hold rating to a sell rating in a research report released on Wednesday.
According to Zacks, “Checkpoint Therapeutics, Inc. is a clinical stage, immuno oncology biopharmaceutical. It focused on the acquisition, development and commercialization of non-chemotherapy, immune-enhanced combination treatments for patients with solid tumor cancers. Checkpoint Therapeutics, Inc. is headquartered in New York City. “
Several other equities research analysts have also recently commented on CKPT. ValuEngine upgraded Checkpoint Therapeutics from a hold rating to a buy rating in a research note on Thursday, November 1st. HC Wainwright set a $11.00 price target on Checkpoint Therapeutics and gave the stock a buy rating in a research note on Friday, November 2nd.
Checkpoint Therapeutics (NASDAQ:CKPT) last issued its quarterly earnings data on Friday, November 2nd. The company reported ($0.32) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.06). Checkpoint Therapeutics had a negative net margin of 3,800.00% and a negative return on equity of 139.01%. The firm had revenue of $0.01 million during the quarter, compared to analysts’ expectations of $0.26 million. Equities analysts predict that Checkpoint Therapeutics will post -1.1 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Checkpoint Therapeutics during the second quarter worth approximately $164,000. Millennium Management LLC purchased a new stake in shares of Checkpoint Therapeutics during the first quarter worth approximately $331,000. Finally, Bainco International Investors purchased a new stake in shares of Checkpoint Therapeutics during the second quarter worth approximately $277,000. Institutional investors and hedge funds own 1.84% of the company’s stock.
About Checkpoint Therapeutics
Checkpoint Therapeutics, Inc, an immuno-oncology biopharmaceutical company, focuses on the acquisition, development, and commercialization of novel treatments for patients with solid tumor cancers. The company's products include CK-301 in Phase I clinical trials for the treatment of non-small cell lung cancer (NSCLC); and CK-101 in the Phase 1 portion of a Phase 1/2 clinical trial for the treatment of epidermal growth factor receptor (EGFR) mutation-positive NSCLC.
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