Brokerages Set Cognition Therapeutics, Inc. (NASDAQ:CGTX) Price Target at $8.30

Cognition Therapeutics, Inc. (NASDAQ:CGTXGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $8.30.

A number of research firms have recently issued reports on CGTX. B. Riley upgraded Cognition Therapeutics from a “neutral” rating to a “buy” rating and increased their target price for the company from $1.00 to $1.50 in a report on Thursday, December 19th. HC Wainwright increased their price target on shares of Cognition Therapeutics from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Finally, Chardan Capital reissued a “buy” rating and set a $11.00 price objective on shares of Cognition Therapeutics in a report on Thursday, December 19th.

View Our Latest Research Report on CGTX

Cognition Therapeutics Trading Up 9.5 %

NASDAQ CGTX opened at $0.84 on Tuesday. Cognition Therapeutics has a 1 year low of $0.34 and a 1 year high of $2.95. The company has a market cap of $34.90 million, a PE ratio of -0.87 and a beta of 1.26. The stock’s 50-day moving average price is $0.50 and its two-hundred day moving average price is $0.88.

Hedge Funds Weigh In On Cognition Therapeutics

Large investors have recently bought and sold shares of the stock. Virtu Financial LLC bought a new stake in Cognition Therapeutics in the 3rd quarter valued at $27,000. Mercer Global Advisors Inc. ADV boosted its stake in Cognition Therapeutics by 33.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 95,951 shares of the company’s stock valued at $159,000 after buying an additional 24,050 shares in the last quarter. Sigma Planning Corp boosted its stake in Cognition Therapeutics by 14.6% in the 3rd quarter. Sigma Planning Corp now owns 197,190 shares of the company’s stock valued at $92,000 after buying an additional 25,050 shares in the last quarter. Finally, CM Management LLC lifted its holdings in Cognition Therapeutics by 14.3% during the 2nd quarter. CM Management LLC now owns 200,000 shares of the company’s stock valued at $332,000 after purchasing an additional 25,000 shares during the last quarter. 43.35% of the stock is currently owned by institutional investors and hedge funds.

Cognition Therapeutics Company Profile

(Get Free Report

Cognition Therapeutics, Inc, a clinical-stage biopharmaceutical company, engages in the discovery and development of small molecule therapeutics targeting age-related degenerative diseases and disorders of the central nervous system and retina. Its lead product candidate is CT1812, an orally delivered molecule modulator designed to penetrate the blood-brain barrier and bind selectively to the S2R complex, which is in Phase 2 clinical trial for the treatment of Alzheimer's disease, as well as geographic atrophy secondary to dry age-related macular degeneration and synucleinopathies, such as dementia with Lewy bodies.

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Analyst Recommendations for Cognition Therapeutics (NASDAQ:CGTX)

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