ValuEngine Upgrades Corium International (CORI) to Hold

Corium International (NASDAQ:CORI) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered Corium International from a “hold” rating to a “sell” rating in a research note on Friday. HC Wainwright set a $14.00 price target on Corium International and gave the company a “buy” rating in a research note on Wednesday, December 27th. Needham & Company LLC cut their price target on Corium International from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Tuesday, December 26th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $14.00 price target on shares of Corium International in a research note on Friday, December 22nd. Finally, Jefferies Group set a $10.00 price target on Corium International and gave the company a “buy” rating in a research note on Sunday, October 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $12.86.

Corium International (NASDAQ:CORI) opened at $9.61 on Friday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 6.80 and a current ratio of 7.04. Corium International has a one year low of $2.67 and a one year high of $12.32. The stock has a market capitalization of $347.09, a price-to-earnings ratio of -5.75 and a beta of 1.26.

In other Corium International news, major shareholder Healthcare Master Fun Broadfin sold 150,000 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $11.05, for a total value of $1,657,500.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 868,100 shares of company stock worth $9,538,781 in the last three months. Insiders own 45.70% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its stake in Corium International by 33.7% in the third quarter. Bank of New York Mellon Corp now owns 88,445 shares of the biopharmaceutical company’s stock valued at $980,000 after buying an additional 22,285 shares during the period. California State Teachers Retirement System acquired a new position in Corium International in the second quarter valued at about $263,000. State Street Corp acquired a new position in Corium International in the second quarter valued at about $1,840,000. Stonepine Capital Management LLC acquired a new position in Corium International in the second quarter valued at about $3,085,000. Finally, EAM Investors LLC acquired a new position in Corium International in the second quarter valued at about $563,000. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

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About Corium International

Corium International, Inc is a commercial-stage biopharmaceutical company focused on the development, manufacture and commercialization of specialty pharmaceutical products. As of September 30, 2016, the Company had multiple programs in preclinical and clinical development focused primarily on the treatment of neurological disorders, with two lead programs in Alzheimer’s disease.

Analyst Recommendations for Corium International (NASDAQ:CORI)

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