Shares of Kindred Biosciences Inc (NASDAQ:KIN) have been given an average recommendation of “Buy” by the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $9.88.
A number of research firms have commented on KIN. HC Wainwright set a $10.00 price objective on shares of Kindred Biosciences and gave the company a “buy” rating in a research note on Tuesday, December 5th. B. Riley set a $11.00 price objective on shares of Kindred Biosciences and gave the company a “buy” rating in a research note on Tuesday, December 5th. ValuEngine upgraded shares of Kindred Biosciences from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research lowered shares of Kindred Biosciences from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th.
Kindred Biosciences (KIN) traded up $0.10 during midday trading on Monday, reaching $8.15. 128,122 shares of the company’s stock were exchanged, compared to its average volume of 142,351. Kindred Biosciences has a one year low of $4.15 and a one year high of $9.65.
Several large investors have recently modified their holdings of KIN. Dimensional Fund Advisors LP boosted its holdings in shares of Kindred Biosciences by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,369,688 shares of the biopharmaceutical company’s stock valued at $9,656,000 after acquiring an additional 34,735 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Kindred Biosciences by 28.5% in the first quarter. Goldman Sachs Group Inc. now owns 22,336 shares of the biopharmaceutical company’s stock valued at $157,000 after acquiring an additional 4,954 shares in the last quarter. Trexquant Investment LP purchased a new stake in shares of Kindred Biosciences in the second quarter valued at about $120,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of Kindred Biosciences in the second quarter valued at about $306,000. Finally, Rhumbline Advisers purchased a new stake in shares of Kindred Biosciences in the second quarter valued at about $197,000. 66.85% of the stock is currently owned by institutional investors and hedge funds.
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Kindred Biosciences Company Profile
Kindred Biosciences, Inc is a development-stage biopharmaceutical company. The Company is focused on developing therapies for pets. The Company’s product pipeline consists of small molecules and biologics for a range of indications in dogs, cats and horses. The Company is developing product candidates for over 20 indications and focused on small molecule products and canine and feline biologics products.
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