RAPT Therapeutics (NASDAQ:RAPT) Issues Earnings Results, Misses Expectations By $6.26 EPS

RAPT Therapeutics (NASDAQ:RAPT) announced its quarterly earnings results on Wednesday. The company reported ($12.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($6.15) by ($6.26), Bloomberg Earnings reports.

Shares of NASDAQ RAPT opened at $23.60 on Thursday. RAPT Therapeutics has a 12-month low of $11.85 and a 12-month high of $42.00.

Several analysts have issued reports on the stock. UBS Group upped their price target on shares of RAPT Therapeutics from $26.00 to $31.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Wells Fargo & Co assumed coverage on shares of RAPT Therapeutics in a report on Monday, November 25th. They issued an “outperform” rating and a $33.00 price target on the stock. Finally, BMO Capital Markets assumed coverage on shares of RAPT Therapeutics in a report on Monday, November 25th. They issued an “outperform” rating and a $35.00 price target on the stock.

In other RAPT Therapeutics news, major shareholder Group Ii Lp Column bought 625,000 shares of the company’s stock in a transaction on Monday, November 4th. The shares were bought at an average cost of $14.49 per share, with a total value of $9,056,250.00. Also, CEO Brian Russell Wong bought 25,000 shares of the company’s stock in a transaction on Monday, November 4th. The shares were acquired at an average cost of $14.49 per share, for a total transaction of $362,250.00. Insiders acquired 651,600 shares of company stock worth $9,441,684 in the last ninety days.

RAPT Therapeutics Company Profile

RAPT Therapeutics, Inc, a clinical stage immunology-based biopharmaceutical company, focuses on discovering, developing, and commercializing oral small molecule therapies for patients with unmet needs in oncology and inflammatory diseases. The company develops small molecules that are designed to modulate the critical immune responses underlying these diseases.

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