Analysts Set Curis, Inc. (CRIS) Price Target at $6.50

Shares of Curis, Inc. (NASDAQ:CRIS) have earned a consensus recommendation of “Hold” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $6.50.

A number of research firms recently commented on CRIS. Zacks Investment Research raised shares of Curis from a “strong sell” rating to a “hold” rating in a research report on Thursday. Guggenheim began coverage on shares of Curis in a research report on Monday, October 23rd. They set a “buy” rating and a $7.00 target price for the company.

In other news, CEO Ali Ph.D. Fattaey bought 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was bought at an average price of $1.06 per share, with a total value of $53,000.00. Following the completion of the transaction, the chief executive officer now directly owns 115,890 shares of the company’s stock, valued at approximately $122,843.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.07% of the company’s stock.

Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its position in Curis by 62,201.8% during the third quarter. JPMorgan Chase & Co. now owns 2,381,798 shares of the biotechnology company’s stock valued at $3,691,000 after acquiring an additional 2,377,975 shares during the last quarter. Vanguard Group Inc. increased its stake in Curis by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 4,955,068 shares of the biotechnology company’s stock valued at $9,365,000 after purchasing an additional 127,443 shares in the last quarter. State Street Corp increased its stake in Curis by 10.4% during the 2nd quarter. State Street Corp now owns 1,857,044 shares of the biotechnology company’s stock valued at $3,511,000 after purchasing an additional 175,424 shares in the last quarter. First Eagle Investment Management LLC increased its stake in Curis by 10.4% during the 3rd quarter. First Eagle Investment Management LLC now owns 26,508,672 shares of the biotechnology company’s stock valued at $39,498,000 after purchasing an additional 2,500,000 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Curis by 1.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 119,638 shares of the biotechnology company’s stock valued at $226,000 after purchasing an additional 1,880 shares in the last quarter. 55.34% of the stock is owned by institutional investors.

Curis (CRIS) traded down $0.03 during trading hours on Friday, reaching $0.55. 970,303 shares of the company were exchanged, compared to its average volume of 1,560,000. Curis has a 12 month low of $0.54 and a 12 month high of $3.22. The company has a debt-to-equity ratio of 1.24, a current ratio of 5.15 and a quick ratio of 5.15. The stock has a market capitalization of $90.30, a PE ratio of -1.41 and a beta of 1.56.

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About Curis

Curis, Inc is a biotechnology company seeking to develop and commercialize drug candidates for the treatment of cancers. The Company’s drug candidate is CUDC-907, an orally-available, small molecule inhibitor of histone deacetylase (HDAC) and phosphatidylinositol-3-kinase (PI3K) enzymes. CUDC-907 is an oral, dual inhibitor of Class I and II HDAC, as well as Class I PI3K enzymes.

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