Shares of Corvus Pharmaceuticals Inc (NASDAQ:CRVS) have been assigned an average rating of “Hold” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $10.67.
A number of brokerages recently issued reports on CRVS. Zacks Investment Research upgraded Corvus Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Monday, July 15th. Roth Capital began coverage on Corvus Pharmaceuticals in a research report on Wednesday, May 29th. They issued a “buy” rating and a $6.00 price objective on the stock.
In related news, major shareholder Holdings A/S Novo sold 39,716 shares of the stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $5.32, for a total value of $211,289.12. Following the transaction, the insider now owns 4,380,800 shares of the company’s stock, valued at $23,305,856. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Orbimed Advisors Llc bought 657,344 shares of Corvus Pharmaceuticals stock in a transaction that occurred on Monday, July 1st. The stock was purchased at an average cost of $3.72 per share, for a total transaction of $2,445,319.68. The disclosure for this purchase can be found here. In the last three months, insiders purchased 880,690 shares of company stock worth $3,223,227. 40.40% of the stock is owned by insiders.
Shares of CRVS stock traded up $0.21 on Friday, reaching $4.13. The company’s stock had a trading volume of 5,197 shares, compared to its average volume of 223,261. The company has a debt-to-equity ratio of 0.03, a quick ratio of 9.17 and a current ratio of 9.17. Corvus Pharmaceuticals has a 12-month low of $3.22 and a 12-month high of $11.23. The company has a 50 day simple moving average of $4.77.
Corvus Pharmaceuticals (NASDAQ:CRVS) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.42) by ($0.02). On average, sell-side analysts forecast that Corvus Pharmaceuticals will post -1.59 EPS for the current fiscal year.
About Corvus Pharmaceuticals
Corvus Pharmaceuticals, Inc, a clinical stage biopharmaceutical company, focuses on the development and commercialization of immuno-oncology therapies. Its lead product candidate is CPI-444, an oral, small molecule antagonist of the A2A receptor that is in Phase I/Ib clinical trial for adenosine, an immune checkpoint.
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