IDEAYA Biosciences (NASDAQ:IDYA) Receives $18.00 Average PT from Brokerages

Shares of IDEAYA Biosciences (NASDAQ:IDYA) have been given an average recommendation of “Buy” by the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $18.00.

A number of equities analysts have recently commented on IDYA shares. Roth Capital started coverage on shares of IDEAYA Biosciences in a report on Friday, March 13th. They issued a “buy” rating and a $12.00 price target on the stock. Zacks Investment Research cut shares of IDEAYA Biosciences from a “buy” rating to a “hold” rating in a research note on Wednesday, March 18th. Finally, ValuEngine raised shares of IDEAYA Biosciences from a “hold” rating to a “buy” rating in a research note on Tuesday, March 3rd.

Institutional investors have recently made changes to their positions in the company. Squarepoint Ops LLC purchased a new stake in shares of IDEAYA Biosciences in the 3rd quarter valued at $118,000. Point72 Asset Management L.P. boosted its stake in shares of IDEAYA Biosciences by 1.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 197,615 shares of the company’s stock valued at $1,779,000 after purchasing an additional 2,048 shares in the last quarter. 5AM Venture Management LLC purchased a new stake in shares of IDEAYA Biosciences in the 4th quarter valued at $25,973,000. Alambic Investment Management L.P. purchased a new stake in shares of IDEAYA Biosciences in the 4th quarter valued at $148,000. Finally, Canaan Partners X LLC purchased a new stake in shares of IDEAYA Biosciences in the 4th quarter valued at $19,955,000. 51.16% of the stock is owned by institutional investors.

Shares of NASDAQ:IDYA traded up $0.48 during trading on Monday, reaching $4.66. The company had a trading volume of 77,098 shares, compared to its average volume of 51,237. The company has a fifty day moving average of $6.05 and a two-hundred day moving average of $7.42. The stock has a market capitalization of $88.44 million and a P/E ratio of -1.39. IDEAYA Biosciences has a 12 month low of $2.95 and a 12 month high of $16.90. The company has a current ratio of 18.86, a quick ratio of 18.86 and a debt-to-equity ratio of 0.05.

IDEAYA Biosciences (NASDAQ:IDYA) last issued its quarterly earnings results on Tuesday, March 24th. The company reported ($0.53) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.57) by $0.04. As a group, equities research analysts predict that IDEAYA Biosciences will post -2.28 earnings per share for the current year.

About IDEAYA Biosciences

IDEAYA Biosciences, Inc, an oncology-focused precision medicine company, focuses on the discovery and development of targeted therapeutics for patient populations selected using molecular diagnostics. The company's product candidate in clinical development is IDE196, a protein kinase C inhibitor for genetically-defined cancers having GNAQ or GNA11 gene mutations.

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Analyst Recommendations for IDEAYA Biosciences (NASDAQ:IDYA)

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