Cascadian Therapeutics Inc (CASC) Receives $7.00 Average Target Price from Analysts

Cascadian Therapeutics Inc (NASDAQ:CASC) has been given an average recommendation of “Hold” by the seven analysts that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $7.00.

Several brokerages recently issued reports on CASC. ValuEngine raised Cascadian Therapeutics from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 31st. BidaskClub upgraded Cascadian Therapeutics from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 31st. Raymond James downgraded Cascadian Therapeutics from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 31st. Finally, Cantor Fitzgerald set a $10.00 price target on Cascadian Therapeutics and gave the stock a “hold” rating in a report on Friday, March 9th.

Cascadian Therapeutics remained flat at $$10.02 during trading hours on Monday, Marketbeat reports. Cascadian Therapeutics has a fifty-two week low of $3.18 and a fifty-two week high of $10.21.



Institutional investors have recently modified their holdings of the business. Unterberg Capital LLC acquired a new stake in Cascadian Therapeutics during the 4th quarter worth about $370,000. Alps Advisors Inc. acquired a new stake in shares of Cascadian Therapeutics in the 4th quarter valued at about $207,000. Dimensional Fund Advisors LP grew its stake in shares of Cascadian Therapeutics by 423.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 511,899 shares of the biopharmaceutical company’s stock valued at $2,094,000 after buying an additional 414,019 shares during the period. SG Americas Securities LLC grew its stake in shares of Cascadian Therapeutics by 194.7% in the 4th quarter. SG Americas Securities LLC now owns 38,541 shares of the biopharmaceutical company’s stock valued at $143,000 after buying an additional 25,464 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of Cascadian Therapeutics by 1,301.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 664,386 shares of the biopharmaceutical company’s stock valued at $2,458,000 after buying an additional 616,992 shares during the period. Hedge funds and other institutional investors own 81.38% of the company’s stock.

About Cascadian Therapeutics

Cascadian Therapeutics, Inc, formerly Oncothyreon Inc, is a clinical-stage biopharmaceutical company. The Company focuses on the development of therapeutic products for the treatment of cancer. The Company’s clinical-stage product candidate includes ONT-380, an orally active and selective small-molecule human epidermal growth factor receptor (HER) 2 inhibitor.

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