Zacks Investment Research cut shares of Celcuity (NASDAQ:CELC) from a strong-buy rating to a hold rating in a report issued on Tuesday, Zacks.com reports.

According to Zacks, “Celcuity Inc. is a cellular analysis company. It engaged in discovering new cancer sub-types and commercializing diagnostic tests designed to significantly improve the clinical outcomes of cancer patients treated with targeted therapies. The company’s proprietary CELx diagnostic platform uses a patient’s living tumor cells to identify the specific abnormal cellular activity driving a patient’s cancer and the targeted therapy. Celcuity Inc. is based in Minneapolis, United States. “

Several other research analysts also recently commented on CELC. ValuEngine downgraded shares of Valero Energy from a hold rating to a sell rating in a report on Wednesday, May 8th. HC Wainwright set a $31.00 target price on shares of Kura Oncology and gave the stock a buy rating in a report on Wednesday, May 8th.

Celcuity stock opened at $23.39 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 26.94 and a current ratio of 26.94. The firm has a market capitalization of $236.85 million, a price-to-earnings ratio of -31.61 and a beta of 0.57. Celcuity has a 1 year low of $18.31 and a 1 year high of $31.00. The business has a 50 day simple moving average of $22.05.

Celcuity (NASDAQ:CELC) last posted its quarterly earnings results on Tuesday, May 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.22) by $0.04. Analysts predict that Celcuity will post -0.81 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Nelson Roberts Investment Advisors LLC purchased a new position in shares of Celcuity during the 1st quarter valued at about $115,000. BNP Paribas Arbitrage SA increased its position in shares of Celcuity by 13,655.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,238 shares of the company’s stock valued at $27,000 after purchasing an additional 1,229 shares during the last quarter. Kessler Investment Group LLC increased its position in shares of Celcuity by 46.3% during the 1st quarter. Kessler Investment Group LLC now owns 7,017 shares of the company’s stock valued at $154,000 after purchasing an additional 2,222 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Celcuity by 9.1% during the 4th quarter. Geode Capital Management LLC now owns 35,035 shares of the company’s stock valued at $840,000 after purchasing an additional 2,930 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Celcuity by 2.0% during the 4th quarter. Northern Trust Corp now owns 61,888 shares of the company’s stock valued at $1,484,000 after purchasing an additional 1,223 shares during the last quarter. Institutional investors own 22.05% of the company’s stock.

Celcuity Company Profile

Celcuity Inc, a cellular analysis company, discovers cancer sub-types and commercializes diagnostic tests to enhance the clinical outcomes of cancer patients treated with targeted therapies in the United States. The company's CELx diagnostic platform uses a patient's living tumor cells to identify the specific abnormal cellular process driving a patient's cancer and the targeted therapy that treats it.

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