CytomX Therapeutics Inc (CTMX) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of CytomX Therapeutics Inc (NASDAQ:CTMX) have earned an average rating of “Hold” from the fourteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $35.29.

A number of equities analysts have issued reports on the stock. BidaskClub raised shares of CytomX Therapeutics from a “hold” rating to a “buy” rating in a report on Friday, December 15th. Cowen reissued an “outperform” rating on shares of CytomX Therapeutics in a report on Thursday, October 5th. Oppenheimer reissued a “hold” rating on shares of CytomX Therapeutics in a report on Wednesday, October 4th. Wedbush set a $37.00 target price on shares of CytomX Therapeutics and gave the stock a “buy” rating in a report on Wednesday, October 4th. Finally, Cantor Fitzgerald started coverage on shares of CytomX Therapeutics in a report on Monday, October 23rd. They issued an “overweight” rating and a $35.00 target price on the stock.

In other news, CEO Sean A. Mccarthy sold 14,342 shares of CytomX Therapeutics stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $19.86, for a total transaction of $284,832.12. Following the sale, the chief executive officer now owns 18,587 shares of the company’s stock, valued at $369,137.82. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Sean A. Mccarthy sold 14,340 shares of CytomX Therapeutics stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $20.60, for a total value of $295,404.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 70,760 shares of company stock worth $1,533,840. Corporate insiders own 4.70% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can acquired a new position in shares of CytomX Therapeutics during the fourth quarter valued at approximately $124,000. Macquarie Group Ltd. acquired a new position in shares of CytomX Therapeutics during the third quarter valued at approximately $107,000. Legal & General Group Plc increased its stake in shares of CytomX Therapeutics by 28.6% during the second quarter. Legal & General Group Plc now owns 6,448 shares of the biotechnology company’s stock valued at $101,000 after acquiring an additional 1,434 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of CytomX Therapeutics during the second quarter valued at approximately $174,000. Finally, Voya Investment Management LLC acquired a new position in shares of CytomX Therapeutics during the second quarter valued at approximately $203,000. Institutional investors and hedge funds own 63.14% of the company’s stock.

Shares of CytomX Therapeutics (CTMX) traded down $0.06 during midday trading on Friday, reaching $25.73. 411,170 shares of the company’s stock were exchanged, compared to its average volume of 294,117. CytomX Therapeutics has a 1 year low of $11.11 and a 1 year high of $26.58. The company has a market capitalization of $990.56, a PE ratio of -16.18 and a beta of 0.47.

CytomX Therapeutics (NASDAQ:CTMX) last issued its earnings results on Tuesday, November 7th. The biotechnology company reported ($0.28) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.14). CytomX Therapeutics had a negative return on equity of 92.42% and a negative net margin of 113.64%. analysts forecast that CytomX Therapeutics will post -1.58 EPS for the current year.

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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.

Analyst Recommendations for CytomX Therapeutics (NASDAQ:CTMX)

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