Concert Pharmaceuticals (CNCE) Getting Somewhat Positive Press Coverage, Study Finds

Press coverage about Concert Pharmaceuticals (NASDAQ:CNCE) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Concert Pharmaceuticals earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned headlines about the biotechnology company an impact score of 45.5523153081493 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:

Concert Pharmaceuticals (NASDAQ:CNCE) opened at $23.85 on Monday. Concert Pharmaceuticals has a 52 week low of $7.11 and a 52 week high of $24.04.

CNCE has been the topic of a number of recent research reports. Zacks Investment Research upgraded Concert Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. ValuEngine upgraded Concert Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Mizuho began coverage on Concert Pharmaceuticals in a research note on Thursday, October 26th. They issued a “buy” rating and a $23.00 price target on the stock. HC Wainwright reiterated a “buy” rating and issued a $21.00 price target on shares of Concert Pharmaceuticals in a research note on Friday, October 20th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $30.00 price target on shares of Concert Pharmaceuticals in a research note on Sunday, October 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $23.00.

In other news, insider Value Fund L. P. Biotechnology acquired 331,916 shares of the business’s stock in a transaction that occurred on Thursday, October 19th. The shares were bought at an average price of $15.84 per share, with a total value of $5,257,549.44. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ryan Lynch sold 3,500 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $14.51, for a total value of $50,785.00. Following the sale, the insider now directly owns 9,500 shares in the company, valued at approximately $137,845. The disclosure for this sale can be found here. Company insiders own 10.10% of the company’s stock.

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Concert Pharmaceuticals Company Profile

Concert Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company is engaged in the discovery and development of small molecule drugs. The Company operates through the development of pharmaceutical products on its own behalf or in collaboration with others. The Company’s deuterated chemical entity platform (DCE Platform), has potential across various therapeutic areas.

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