CytomX Therapeutics (CTMX) Upgraded by BidaskClub to “Hold”

BidaskClub upgraded shares of CytomX Therapeutics (NASDAQ:CTMX) from a sell rating to a hold rating in a research note issued to investors on Tuesday, May 7th, BidAskClub reports.

CTMX has been the topic of several other reports. Wedbush reduced their target price on CytomX Therapeutics from $35.00 to $25.00 and set an outperform rating on the stock in a research report on Wednesday, February 27th. Zacks Investment Research downgraded CytomX Therapeutics from a hold rating to a sell rating in a research report on Tuesday, April 30th. SunTrust Banks reduced their target price on CytomX Therapeutics to $18.00 and set a buy rating on the stock in a research report on Thursday, February 28th. ValuEngine downgraded CytomX Therapeutics from a hold rating to a sell rating in a research report on Wednesday, May 1st. Finally, Barclays initiated coverage on CytomX Therapeutics in a report on Monday, March 11th. They issued an overweight rating and a $16.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $21.03.

Shares of CTMX traded down $0.41 during trading hours on Tuesday, reaching $9.97. 247,890 shares of the company traded hands, compared to its average volume of 486,790. The company has a quick ratio of 4.21, a current ratio of 4.21 and a debt-to-equity ratio of 0.22. The firm has a market cap of $512.47 million, a P/E ratio of -4.91 and a beta of 0.57. CytomX Therapeutics has a fifty-two week low of $8.94 and a fifty-two week high of $27.20.

CytomX Therapeutics (NASDAQ:CTMX) last posted its quarterly earnings data on Thursday, May 9th. The biotechnology company reported ($0.31) EPS for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.22. The business had revenue of $29.49 million for the quarter, compared to analyst estimates of $13.59 million. CytomX Therapeutics had a negative return on equity of 73.62% and a negative net margin of 111.27%. As a group, equities analysts expect that CytomX Therapeutics will post -2.09 EPS for the current fiscal year.

In other CytomX Therapeutics news, General Counsel Lloyd A. Rowland acquired 9,000 shares of the stock in a transaction on Monday, March 4th. The stock was purchased at an average price of $10.33 per share, for a total transaction of $92,970.00. Following the purchase, the general counsel now directly owns 9,979 shares in the company, valued at $103,083.07. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 6.30% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Legal & General Group Plc grew its position in shares of CytomX Therapeutics by 15.3% in the 3rd quarter. Legal & General Group Plc now owns 7,036 shares of the biotechnology company’s stock worth $130,000 after acquiring an additional 934 shares in the last quarter. Virtus ETF Advisers LLC grew its position in shares of CytomX Therapeutics by 8.3% in the 4th quarter. Virtus ETF Advisers LLC now owns 20,415 shares of the biotechnology company’s stock worth $308,000 after acquiring an additional 1,565 shares in the last quarter. Wedbush Securities Inc. grew its position in shares of CytomX Therapeutics by 8.1% in the 4th quarter. Wedbush Securities Inc. now owns 25,355 shares of the biotechnology company’s stock worth $383,000 after acquiring an additional 1,900 shares in the last quarter. Northern Trust Corp grew its position in shares of CytomX Therapeutics by 0.4% in the 1st quarter. Northern Trust Corp now owns 542,020 shares of the biotechnology company’s stock worth $5,827,000 after acquiring an additional 2,031 shares in the last quarter. Finally, Swiss National Bank grew its position in shares of CytomX Therapeutics by 3.2% in the 1st quarter. Swiss National Bank now owns 77,900 shares of the biotechnology company’s stock worth $837,000 after acquiring an additional 2,400 shares in the last quarter. Hedge funds and other institutional investors own 81.83% of the company’s stock.

CytomX Therapeutics Company Profile

CytomX Therapeutics, Inc operates as an oncology-focused biopharmaceutical company in the United States. The company develops a novel class of investigational antibody therapeutics based on its Probody technology platform for the treatment of cancer. Its product candidates in clinical stage include CX-072, a Probody therapeutic targeting programmed cell death ligand 1 immuno-oncology target; CX-2009, a Probody drug conjugate (PDC) against CD166 novel drug target; BMS-986249, a CTLA-4 Probody therapeutic drug; CX-2029, a PDC targeting CD71; and CX-188, a Probody therapeutic targeting PD-1 anti-cancer target.

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Analyst Recommendations for CytomX Therapeutics (NASDAQ:CTMX)

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