According to Zacks, “Corvus Pharmaceuticals, Inc. is a biopharmaceutical company. It focuses on the development and commercialization of immuno-oncology therapies to harness the immune system to attack cancer cells. Its products include CPI-444, Adenosine production inhibitor, Adenosine A2B antagonist and Interleukin-2 (IL-2)-inducible T cell kinase (ITK) inhibitors. Corvus Pharmaceuticals, Inc. is based in Burlingame, California. “
Several other analysts also recently weighed in on the company. Roth Capital began coverage on Forty Seven in a research note on Wednesday, May 29th. They set a “buy” rating and a $28.00 target price for the company. Wedbush decreased their target price on Hercules Capital from $15.00 to $13.50 and set a “hold” rating for the company in a research note on Wednesday, March 13th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $9.19.
Corvus Pharmaceuticals (NASDAQ:CRVS) last announced its earnings results on Thursday, May 9th. The company reported ($0.40) earnings per share for the quarter, meeting the consensus estimate of ($0.40). On average, research analysts predict that Corvus Pharmaceuticals will post -1.61 earnings per share for the current year.
In other news, Director Orbimed Advisors Llc purchased 657,344 shares of the business’s stock in a transaction on Monday, July 1st. The stock was purchased at an average price of $3.72 per share, with a total value of $2,445,319.68. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Peter A. Thompson purchased 32,923 shares of the business’s stock in a transaction on Thursday, June 27th. The stock was purchased at an average cost of $3.34 per share, with a total value of $109,962.82. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 730,534 shares of company stock valued at $2,695,804. Insiders own 40.40% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Puissance Capital Management LP acquired a new position in Corvus Pharmaceuticals in the 4th quarter valued at approximately $1,045,000. Raymond James Trust N.A. acquired a new position in shares of Corvus Pharmaceuticals in the 1st quarter worth approximately $53,000. Dimensional Fund Advisors LP raised its holdings in shares of Corvus Pharmaceuticals by 29.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 336,327 shares of the company’s stock worth $1,234,000 after buying an additional 75,626 shares in the last quarter. Telemetry Investments L.L.C. acquired a new position in shares of Corvus Pharmaceuticals in the 4th quarter worth approximately $496,000. Finally, Paloma Partners Management Co acquired a new position in shares of Corvus Pharmaceuticals in the 4th quarter worth approximately $58,000. 84.46% of the stock is owned by hedge funds and other institutional investors.
Corvus Pharmaceuticals Company Profile
Corvus Pharmaceuticals, Inc, a clinical stage biopharmaceutical company, focuses on the development and commercialization of immuno-oncology therapies. Its lead product candidate is CPI-444, an oral, small molecule antagonist of the A2A receptor that is in Phase I/Ib clinical trial for adenosine, an immune checkpoint.
Further Reading: Investing in Dividend Stocks
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Corvus Pharmaceuticals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corvus Pharmaceuticals and related companies with MarketBeat.com's FREE daily email newsletter.