CymaBay Therapeutics (CBAY) Upgraded to “Hold” at ValuEngine

ValuEngine upgraded shares of CymaBay Therapeutics (NASDAQ:CBAY) from a sell rating to a hold rating in a research note published on Friday.

Several other research analysts have also commented on CBAY. Piper Jaffray Companies reiterated a buy rating and set a $12.00 price objective on shares of CymaBay Therapeutics in a research note on Friday, October 27th. Oppenheimer set a $15.00 target price on shares of CymaBay Therapeutics and gave the stock a buy rating in a research report on Monday, October 30th. Cantor Fitzgerald reissued a buy rating and set a $16.00 target price on shares of CymaBay Therapeutics in a research report on Wednesday, November 8th. HC Wainwright reissued a buy rating and set a $12.00 target price on shares of CymaBay Therapeutics in a research report on Tuesday, November 28th. Finally, Leerink Swann reissued a buy rating and set a $16.00 target price on shares of CymaBay Therapeutics in a research report on Tuesday, November 28th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. CymaBay Therapeutics currently has an average rating of Buy and a consensus target price of $16.56.

CymaBay Therapeutics (CBAY) opened at $12.03 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 7.39 and a current ratio of 7.39. CymaBay Therapeutics has a 52 week low of $1.92 and a 52 week high of $12.60.

CymaBay Therapeutics (NASDAQ:CBAY) last posted its quarterly earnings data on Wednesday, November 8th. The biopharmaceutical company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.02). During the same period in the previous year, the company posted ($0.25) EPS. research analysts expect that CymaBay Therapeutics will post -0.87 earnings per share for the current fiscal year.

In other CymaBay Therapeutics news, Director Kurt Von Emster sold 97,639 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $12.22, for a total transaction of $1,193,148.58. Following the sale, the director now owns 90,000 shares of the company’s stock, valued at approximately $1,099,800. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 647,086 shares of company stock worth $6,726,633. 15.10% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. purchased a new stake in shares of CymaBay Therapeutics in the 4th quarter valued at $115,000. GSA Capital Partners LLP purchased a new stake in shares of CymaBay Therapeutics in the 3rd quarter valued at $1,218,000. Iguana Healthcare Management LLC boosted its holdings in shares of CymaBay Therapeutics by 138.1% in the 3rd quarter. Iguana Healthcare Management LLC now owns 250,000 shares of the biopharmaceutical company’s stock valued at $2,015,000 after acquiring an additional 145,000 shares during the last quarter. Crestline Management LP purchased a new stake in shares of CymaBay Therapeutics in the 3rd quarter valued at $841,000. Finally, Perceptive Advisors LLC purchased a new stake in shares of CymaBay Therapeutics in the 3rd quarter valued at $18,948,000. 54.70% of the stock is currently owned by institutional investors and hedge funds.

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CymaBay Therapeutics Company Profile

CymaBay Therapeutics, Inc is a clinical-stage biopharmaceutical company. The Company is focused on developing therapies to treat metabolic diseases, including serious rare and orphan diseases. The Company’s product candidates include Arhalofenate, MBX-8025 and MBX-2982. Arhalofenate is used to treat gout.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for CymaBay Therapeutics (NASDAQ:CBAY)

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