FY2018 EPS Estimates for CytomX Therapeutics Inc Raised by Analyst (CTMX)

CytomX Therapeutics Inc (NASDAQ:CTMX) – Stock analysts at Cantor Fitzgerald boosted their FY2018 EPS estimates for shares of CytomX Therapeutics in a research report issued to clients and investors on Tuesday. Cantor Fitzgerald analyst M. Goldstein now expects that the biotechnology company will post earnings of ($1.48) per share for the year, up from their previous forecast of ($1.56). Cantor Fitzgerald has a “Buy” rating and a $40.00 price objective on the stock.

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Other research analysts have also recently issued research reports about the stock. BidaskClub upgraded shares of CytomX Therapeutics from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. Zacks Investment Research cut shares of CytomX Therapeutics from a “hold” rating to a “sell” rating in a research note on Monday, February 12th. Jefferies Group lifted their price target on shares of CytomX Therapeutics to $40.00 and gave the stock a “buy” rating in a research note on Thursday, March 8th. ValuEngine cut shares of CytomX Therapeutics from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Finally, Citigroup began coverage on shares of CytomX Therapeutics in a research note on Friday, January 5th. They set a “buy” rating and a $40.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $36.13.

CytomX Therapeutics (NASDAQ:CTMX) opened at $31.56 on Friday. The firm has a market cap of $1,252.55, a price-to-earnings ratio of -26.75 and a beta of 0.76. CytomX Therapeutics has a one year low of $13.00 and a one year high of $35.00.

Hedge funds have recently made changes to their positions in the company. Perceptive Advisors LLC increased its holdings in CytomX Therapeutics by 79.1% in the 4th quarter. Perceptive Advisors LLC now owns 2,490,381 shares of the biotechnology company’s stock valued at $52,571,000 after acquiring an additional 1,100,000 shares during the last quarter. BlackRock Inc. increased its holdings in CytomX Therapeutics by 28.5% in the 4th quarter. BlackRock Inc. now owns 2,646,599 shares of the biotechnology company’s stock valued at $55,870,000 after acquiring an additional 586,698 shares during the last quarter. Millennium Management LLC increased its holdings in CytomX Therapeutics by 34.0% in the 4th quarter. Millennium Management LLC now owns 837,415 shares of the biotechnology company’s stock valued at $17,678,000 after acquiring an additional 212,423 shares during the last quarter. Nexthera Capital LP bought a new stake in CytomX Therapeutics in the 4th quarter valued at $3,797,000. Finally, Renaissance Technologies LLC increased its holdings in CytomX Therapeutics by 32.9% in the 4th quarter. Renaissance Technologies LLC now owns 715,100 shares of the biotechnology company’s stock valued at $15,096,000 after acquiring an additional 177,200 shares during the last quarter. Hedge funds and other institutional investors own 78.07% of the company’s stock.

In other news, Director Frederick W. Gluck sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $22.29, for a total transaction of $111,450.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Debanjan Ray sold 2,500 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $21.11, for a total transaction of $52,775.00. The disclosure for this sale can be found here. Insiders have sold a total of 132,626 shares of company stock worth $3,709,830 over the last 90 days. Insiders own 4.70% of the company’s stock.

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About CytomX Therapeutics

CytomX Therapeutics, Inc is a clinical-stage, oncology-focused biopharmaceutical company. The Company uses its Probody technology platform to create cancer immunotherapies against clinically validated targets, as well as to develop cancer therapeutics against difficult-to-drug targets. Its pipeline is focused on the development of therapies in a set of modalities: Probody cancer immunotherapies, Probody drug conjugates, T-cell engaging Probody bispecifics and ProCAR-NK cell therapies.

Earnings History and Estimates for CytomX Therapeutics (NASDAQ:CTMX)

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