CymaBay Therapeutics Inc Forecasted to Earn FY2019 Earnings of ($0.99) Per Share (CBAY)

CymaBay Therapeutics Inc (NASDAQ:CBAY) – Cantor Fitzgerald issued their FY2019 EPS estimates for CymaBay Therapeutics in a research note issued on Tuesday. Cantor Fitzgerald analyst W. Tanner forecasts that the biopharmaceutical company will post earnings per share of ($0.99) for the year. Cantor Fitzgerald currently has a “Buy” rating and a $16.00 price target on the stock.

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CymaBay Therapeutics (NASDAQ:CBAY) last posted its quarterly earnings data on Thursday, March 15th. The biopharmaceutical company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.06. The firm had revenue of $5.20 million for the quarter, compared to analysts’ expectations of $1.25 million.

Other analysts also recently issued reports about the company. ValuEngine upgraded CymaBay Therapeutics from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Leerink Swann reiterated a “buy” rating and set a $16.00 target price on shares of CymaBay Therapeutics in a research report on Tuesday, November 28th. Oppenheimer reiterated a “buy” rating on shares of CymaBay Therapeutics in a research report on Wednesday. Roth Capital reiterated a “buy” rating and set a $27.00 target price on shares of CymaBay Therapeutics in a research report on Thursday, January 25th. Finally, Evercore ISI assumed coverage on CymaBay Therapeutics in a research report on Tuesday, February 13th. They set an “outperform” rating for the company. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $17.78.

Shares of CymaBay Therapeutics stock opened at $12.15 on Thursday. CymaBay Therapeutics has a 52-week low of $3.16 and a 52-week high of $15.59. The firm has a market capitalization of $786.85, a price-to-earnings ratio of -14.64 and a beta of 1.96. The company has a debt-to-equity ratio of 0.04, a quick ratio of 6.35 and a current ratio of 6.35.

Hedge funds have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. bought a new stake in shares of CymaBay Therapeutics in the fourth quarter valued at about $115,000. Goldman Sachs Group Inc. bought a new stake in shares of CymaBay Therapeutics in the fourth quarter valued at about $197,000. Virtu Financial LLC raised its holdings in shares of CymaBay Therapeutics by 56.2% in the fourth quarter. Virtu Financial LLC now owns 24,735 shares of the biopharmaceutical company’s stock valued at $228,000 after acquiring an additional 8,899 shares in the last quarter. Sigma Planning Corp raised its holdings in shares of CymaBay Therapeutics by 82.0% in the fourth quarter. Sigma Planning Corp now owns 27,300 shares of the biopharmaceutical company’s stock valued at $251,000 after acquiring an additional 12,300 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of CymaBay Therapeutics by 7,729.2% in the fourth quarter. Wells Fargo & Company MN now owns 39,146 shares of the biopharmaceutical company’s stock valued at $360,000 after acquiring an additional 38,646 shares in the last quarter. Hedge funds and other institutional investors own 61.36% of the company’s stock.

In related news, Director Carl Goldfischer sold 15,000 shares of CymaBay Therapeutics stock in a transaction dated Thursday, March 22nd. The stock was sold at an average price of $13.03, for a total value of $195,450.00. Following the completion of the sale, the director now directly owns 9,340 shares in the company, valued at $121,700.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kurt Von Emster sold 218,057 shares of CymaBay Therapeutics stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $15.89, for a total value of $3,464,925.73. The disclosure for this sale can be found here. Insiders sold 819,948 shares of company stock valued at $10,327,654 over the last 90 days. 15.10% of the stock is currently owned by corporate insiders.

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CymaBay Therapeutics Company Profile

CymaBay Therapeutics, Inc is a clinical-stage biopharmaceutical company. The Company is focused on developing therapies to treat metabolic diseases, including serious rare and orphan diseases. The Company’s product candidates include Arhalofenate, MBX-8025 and MBX-2982. Arhalofenate is used to treat gout.

Earnings History and Estimates for CymaBay Therapeutics (NASDAQ:CBAY)

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