ContraFect Corp. (CFRX) to Post Q3 2016 Earnings of ($0.18) Per Share, William Blair Forecasts
ContraFect Corp. (NASDAQ:CFRX) – Investment analysts at William Blair issued their Q3 2016 EPS estimates for ContraFect Corp. in a research note issued to investors on Tuesday. William Blair analyst Y. Xu forecasts that the brokerage will earn ($0.18) per share for the quarter. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for ContraFect Corp.’s Q4 2016 earnings at ($0.18) EPS, FY2016 earnings at ($0.98) EPS, FY2017 earnings at ($0.68) EPS and FY2018 earnings at ($0.75) EPS.
A number of other brokerages also recently weighed in on CFRX. Maxim Group downgraded shares of ContraFect Corp. from a “buy” rating to a “hold” rating in a report on Friday, July 22nd. Piper Jaffray Cos. began coverage on shares of ContraFect Corp. in a report on Thursday, July 28th. They set an “overweight” rating for the company.
Shares of ContraFect Corp. (NASDAQ:CFRX) opened at 2.48 on Friday. ContraFect Corp. has a 12-month low of $2.10 and a 12-month high of $5.35. The firm’s market cap is $103.02 million. The stock’s 50 day moving average is $2.39 and its 200 day moving average is $2.87.
ContraFect Corp. (NASDAQ:CFRX) last posted its quarterly earnings data on Tuesday, August 9th. The company reported ($0.35) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.27) by $0.08.
A number of institutional investors have recently added to or reduced their stakes in CFRX. Adage Capital Partners GP L.L.C. boosted its position in ContraFect Corp. by 50.0% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,500,000 shares of the company’s stock worth $5,100,000 after buying an additional 500,000 shares in the last quarter. Cormorant Asset Management LLC boosted its position in ContraFect Corp. by 256.0% in the first quarter. Cormorant Asset Management LLC now owns 834,406 shares of the company’s stock worth $2,837,000 after buying an additional 600,000 shares in the last quarter. BlackRock Fund Advisors boosted its position in ContraFect Corp. by 41.9% in the second quarter. BlackRock Fund Advisors now owns 57,923 shares of the company’s stock worth $167,000 after buying an additional 17,092 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new position in ContraFect Corp. during the second quarter worth about $578,000. Institutional investors and hedge funds own 13.55% of the company’s stock.
In related news, CEO Steven C. Gilman acquired 20,000 shares of the stock in a transaction that occurred on Wednesday, July 27th. The stock was acquired at an average cost of $2.48 per share, for a total transaction of $49,600.00. Following the transaction, the chief executive officer now directly owns 20,000 shares in the company, valued at $49,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 15.00% of the company’s stock.
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