Calithera Biosciences Inc (NASDAQ:CALA) – Equities researchers at William Blair issued their FY2022 earnings estimates for Calithera Biosciences in a research report issued to clients and investors on Tuesday. William Blair analyst M. Phipps expects that the biotechnology company will post earnings per share of $0.80 for the year.
Calithera Biosciences (NASDAQ:CALA) last posted its quarterly earnings results on Thursday, November 2nd. The biotechnology company reported ($0.17) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.23) by $0.06. The business had revenue of $7.20 million for the quarter, compared to the consensus estimate of $6.02 million.
Calithera Biosciences (NASDAQ CALA) traded up $0.25 on Wednesday, hitting $7.30. 746,180 shares of the company were exchanged, compared to its average volume of 457,689. The company has a market capitalization of $264.30, a P/E ratio of -7.02 and a beta of 2.57. Calithera Biosciences has a twelve month low of $6.57 and a twelve month high of $20.05.
Large investors have recently modified their holdings of the business. Legal & General Group Plc bought a new stake in Calithera Biosciences in the second quarter valued at approximately $120,000. Trexquant Investment LP bought a new stake in Calithera Biosciences in the third quarter valued at approximately $168,000. Voya Investment Management LLC bought a new stake in Calithera Biosciences in the second quarter valued at approximately $211,000. Cubist Systematic Strategies LLC increased its stake in Calithera Biosciences by 10.9% in the second quarter. Cubist Systematic Strategies LLC now owns 14,972 shares of the biotechnology company’s stock valued at $222,000 after purchasing an additional 1,472 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System bought a new stake in Calithera Biosciences in the third quarter valued at approximately $239,000. 72.54% of the stock is owned by hedge funds and other institutional investors.
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Calithera Biosciences Company Profile
Calithera Biosciences, Inc is a clinical-stage pharmaceutical company. The Company focuses on discovering and developing small molecule drugs directed against tumor and immune cell targets that control key metabolic pathways in the tumor microenvironment. It is engaged in developing agents that take advantage of the metabolic requirements of tumor cells and cancer-fighting immune cells, such as cytotoxic T-cells.
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