Compugen (CGEN) Issues Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Compugen (NASDAQ:CGEN) announced its earnings results on Monday. The biotechnology company reported ($0.14) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.03, Morningstar.com reports.

NASDAQ CGEN opened at $3.45 on Tuesday. The stock has a market cap of $177.47 million, a PE ratio of -8.41 and a beta of 2.43. Compugen has a 52-week low of $2.00 and a 52-week high of $4.31.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its stake in shares of Compugen by 8.2% during the third quarter. Renaissance Technologies LLC now owns 265,100 shares of the biotechnology company’s stock valued at $1,021,000 after purchasing an additional 20,200 shares during the period. Jane Street Group LLC bought a new position in shares of Compugen during the 3rd quarter valued at approximately $128,000. Morgan Stanley grew its position in Compugen by 2.8% in the 3rd quarter. Morgan Stanley now owns 998,173 shares of the biotechnology company’s stock valued at $3,843,000 after acquiring an additional 27,240 shares during the last quarter. Taylor Frigon Capital Management LLC grew its position in Compugen by 17.2% in the 4th quarter. Taylor Frigon Capital Management LLC now owns 690,262 shares of the biotechnology company’s stock valued at $1,498,000 after acquiring an additional 101,212 shares during the last quarter. Finally, Defender Capital LLC. purchased a new stake in shares of Compugen in the 4th quarter worth $630,000. Institutional investors own 25.43% of the company’s stock.



A number of analysts have commented on CGEN shares. Zacks Investment Research cut shares of Compugen from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Oppenheimer set a $9.00 price target on shares of Compugen and gave the company a “buy” rating in a research note on Tuesday, February 26th.

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About Compugen

Compugen Ltd., a therapeutic discovery company, engages in the research, development, and commercialization of therapeutic and product candidates in Israel and Europe. The company's therapeutic pipeline consists of immuno-oncology programs against novel drug targets in the areas of unmet medical needs in various cancer types and patient populations.

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Earnings History for Compugen (NASDAQ:CGEN)

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