Cidara Therapeutics Inc (CDTX) Given Consensus Rating of “Buy” by Brokerages

Shares of Cidara Therapeutics Inc (NASDAQ:CDTX) have earned an average recommendation of “Buy” from the eleven analysts that are currently covering the company. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $13.94.

Several brokerages recently issued reports on CDTX. Ladenburg Thalmann Financial Services began coverage on Cidara Therapeutics in a research report on Wednesday, April 12th. They set a “buy” rating and a $11.25 price objective for the company. Zacks Investment Research upgraded Cidara Therapeutics from a “sell” rating to a “hold” rating in a report on Thursday, April 13th. HC Wainwright reiterated a “buy” rating and issued a $14.00 price target (down from $18.00) on shares of Cidara Therapeutics in a report on Monday. Wedbush reiterated an “outperform” rating and issued a $13.00 price target on shares of Cidara Therapeutics in a report on Monday, April 10th. Finally, Leerink Swann assumed coverage on Cidara Therapeutics in a report on Wednesday, December 21st. They issued an “outperform” rating and a $17.00 price target for the company.

TRADEMARK VIOLATION WARNING: “Cidara Therapeutics Inc (CDTX) Given Consensus Rating of “Buy” by Brokerages” was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and international copyright laws. The correct version of this piece can be viewed at https://www.chaffeybreeze.com/2017/04/20/cidara-therapeutics-inc-cdtx-receives-average-rating-of-buy-from-brokerages-updated-updated.html.

In other news, CEO Jeffrey Stein acquired 12,900 shares of the company’s stock in a transaction dated Friday, March 31st. The stock was acquired at an average cost of $7.75 per share, for a total transaction of $99,975.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Kevin Forrest acquired 12,500 shares of the company’s stock in a transaction dated Friday, March 31st. The shares were purchased at an average price of $7.75 per share, with a total value of $96,875.00. The disclosure for this purchase can be found here. Insiders own 22.20% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in CDTX. Teachers Advisors LLC increased its stake in Cidara Therapeutics by 17.5% in the fourth quarter. Teachers Advisors LLC now owns 16,524 shares of the biotechnology company’s stock worth $172,000 after buying an additional 2,458 shares during the last quarter. Perceptive Advisors LLC purchased a new stake in Cidara Therapeutics during the fourth quarter worth approximately $8,043,000. Alyeska Investment Group L.P. purchased a new stake in Cidara Therapeutics during the fourth quarter worth approximately $1,040,000. Broadfin Capital LLC increased its stake in Cidara Therapeutics by 237.3% in the fourth quarter. Broadfin Capital LLC now owns 562,875 shares of the biotechnology company’s stock worth $5,854,000 after buying an additional 396,000 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Cidara Therapeutics by 14.7% in the fourth quarter. Renaissance Technologies LLC now owns 49,900 shares of the biotechnology company’s stock worth $519,000 after buying an additional 6,400 shares during the last quarter. Institutional investors and hedge funds own 47.34% of the company’s stock.

Cidara Therapeutics (NASDAQ:CDTX) traded down 0.79% on Friday, hitting $6.30. The stock had a trading volume of 82,300 shares. The company’s market cap is $105.85 million. The firm’s 50-day moving average is $7.11 and its 200-day moving average is $9.34. Cidara Therapeutics has a 52-week low of $6.10 and a 52-week high of $14.43.

Cidara Therapeutics (NASDAQ:CDTX) last issued its quarterly earnings data on Wednesday, March 15th. The biotechnology company reported ($0.88) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.79) by $0.09. During the same period in the previous year, the business posted ($0.72) earnings per share. Equities research analysts anticipate that Cidara Therapeutics will post ($3.49) earnings per share for the current fiscal year.

Cidara Therapeutics Company Profile

Cidara Therapeutics, Inc, formerly K2 Therapeutics, Inc, is a clinical-stage biotechnology company. The Company is engaged in the discovery, development and commercialization of anti-infectives. It is developing a pipeline of product and development candidates with a focus on serious fungal infections.

5 Day Chart for NASDAQ:CDTX

Receive News & Ratings for Cidara Therapeutics Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cidara Therapeutics Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply