Concert Pharmaceuticals Inc (CNCE) Given Consensus Rating of “Hold” by Brokerages
Shares of Concert Pharmaceuticals Inc (NASDAQ:CNCE) have earned a consensus rating of “Hold” from the nine brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $29.33.
CNCE has been the topic of several analyst reports. ValuEngine upgraded Concert Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Monday, July 30th. Mizuho reiterated a “buy” rating and issued a $27.00 target price on shares of Concert Pharmaceuticals in a research note on Thursday, August 2nd. HC Wainwright reiterated a “buy” rating on shares of Concert Pharmaceuticals in a research note on Friday, August 3rd. Janney Montgomery Scott initiated coverage on Concert Pharmaceuticals in a research note on Thursday, September 13th. They issued a “neutral” rating on the stock. Finally, BidaskClub downgraded Concert Pharmaceuticals from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 22nd.
In other Concert Pharmaceuticals news, COO Nancy Stuart sold 31,418 shares of Concert Pharmaceuticals stock in a transaction that occurred on Tuesday, July 10th. The stock was sold at an average price of $17.87, for a total value of $561,439.66. Following the transaction, the chief operating officer now directly owns 116,085 shares in the company, valued at approximately $2,074,438.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 9.40% of the company’s stock.
CNCE traded up $0.02 during trading on Friday, hitting $13.77. 502 shares of the stock were exchanged, compared to its average volume of 95,829. The firm has a market cap of $321.96 million, a price-to-earnings ratio of 3.38 and a beta of 1.00. Concert Pharmaceuticals has a 1-year low of $12.33 and a 1-year high of $30.71.
Concert Pharmaceuticals (NASDAQ:CNCE) last released its quarterly earnings results on Thursday, August 2nd. The biotechnology company reported ($0.57) EPS for the quarter, topping the consensus estimate of ($0.62) by $0.05. Concert Pharmaceuticals had a negative return on equity of 19.73% and a net margin of 67.52%. sell-side analysts predict that Concert Pharmaceuticals will post -2.06 earnings per share for the current fiscal year.
Concert Pharmaceuticals Company Profile
Concert Pharmaceuticals, Inc operates as a clinical stage biopharmaceutical company. The company discovers and develops novel small molecule drugs for use in the treatment of various pulmonary diseases, including autoimmune and inflammatory diseases, and central nervous systems disorders. Its product candidates include AVP-786, a combination of deudextromethorphan and an ultra-low dose of quinidine, which is in Phase 3 clinical trials for the treatment of neurologic and psychiatric disorders, including agitation associated with Alzheimer's disease; CTP-730, a deuterated analog of apremilast that has completed the Phase 1 clinical trials for the treatment of inflammation or cancer; JZP-386, which has completed the Phase 1 clinical trials for the treatment of patients with narcolepsy; and CTP-543, which is in Phase 1 clinical trials for use in the treatment of alopecia areata.
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