CymaBay Therapeutics Inc (NASDAQ:CBAY) has been assigned a consensus recommendation of “Buy” from the fourteen analysts that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $17.75.
A number of brokerages recently commented on CBAY. 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 issued a $16.00 price objective 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, March 21st. Roth Capital reiterated a “buy” rating and issued a $27.00 price objective on shares of CymaBay Therapeutics in a research report on Thursday, January 25th. Finally, Evercore ISI began coverage on CymaBay Therapeutics in a research report on Tuesday, February 13th. They set an “outperform” rating for the company.
In other news, Director Carl Goldfischer sold 15,000 shares of the business’s stock in a transaction dated Thursday, March 22nd. The stock was sold at an average price of $13.03, for a total transaction of $195,450.00. Following the completion of the transaction, the director now directly owns 9,340 shares in the company, valued at approximately $121,700.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kurt Von Emster sold 218,057 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was 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 have sold a total of 819,948 shares of company stock valued at $10,327,654 over the last 90 days. Corporate insiders own 15.10% of the company’s stock.
Shares of CBAY stock opened at $12.36 on Tuesday. The company has a quick ratio of 6.35, a current ratio of 6.35 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $710.80, a PE ratio of -14.89 and a beta of 1.96. CymaBay Therapeutics has a 12-month low of $3.16 and a 12-month high of $15.59.
CymaBay Therapeutics (NASDAQ:CBAY) last announced its quarterly earnings data on Thursday, March 15th. The biopharmaceutical company reported ($0.11) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.06. The firm had revenue of $5.20 million during the quarter, compared to analyst estimates of $1.25 million. analysts anticipate that CymaBay Therapeutics will post -0.84 EPS for the current year.
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About CymaBay Therapeutics
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.
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