Cabaletta Bio (NASDAQ:CABA) Now Covered by Evercore ISI

Equities research analysts at Evercore ISI started coverage on shares of Cabaletta Bio (NASDAQ:CABA) in a report released on Tuesday, MarketBeat Ratings reports. The brokerage set an “outperform” rating and a $25.00 price target on the stock. Evercore ISI’s price objective would suggest a potential upside of 71.00% from the stock’s current price.

Separately, Cowen initiated coverage on Cabaletta Bio in a research report on Tuesday. They issued an “outperform” rating on the stock.

NASDAQ CABA traded down $1.85 during trading hours on Tuesday, reaching $14.62. The stock had a trading volume of 2,975 shares, compared to its average volume of 130,206. Cabaletta Bio has a 52-week low of $8.58 and a 52-week high of $18.28.

In related news, insider James E. Flynn acquired 700,000 shares of the stock in a transaction on Tuesday, October 29th. The shares were acquired at an average price of $10.75 per share, for a total transaction of $7,525,000.00. Also, major shareholder Ventures V. L.P. 5Am acquired 454,545 shares of the stock in a transaction on Tuesday, October 29th. The stock was bought at an average price of $10.75 per share, for a total transaction of $4,886,358.75.

About Cabaletta Bio

Cabaletta Bio, Inc operates as a clinical-stage biotechnology company that focuses on the discovery and development of engineered T cell therapies for B cell-mediated autoimmune diseases. The company's proprietary technology utilizes chimeric autoantibody receptor (CAAR) T cells that are designed to selectively bind and eliminate B cells that produce disease-causing autoantibodies or pathogenic B cells.

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