ContraFect Corp. (NASDAQ:CFRX) has been assigned a $5.00 price objective by Piper Jaffray Cos. in a report released on Monday. The brokerage presently has a “buy” rating on the stock. Piper Jaffray Cos.’s target price points to a potential upside of 138.10% from the stock’s previous close.

A number of other research analysts also recently issued reports on CFRX. Maxim Group reissued a “hold” rating on shares of ContraFect Corp. in a research note on Tuesday, August 9th. William Blair started coverage on ContraFect Corp. in a research note on Wednesday, September 28th. They set an “outperform” rating on the stock.

Shares of ContraFect Corp. (NASDAQ:CFRX) opened at 2.10 on Monday. The firm’s market capitalization is $87.23 million. ContraFect Corp. has a 52-week low of $1.35 and a 52-week high of $5.35. The stock has a 50 day moving average price of $2.19 and a 200-day moving average price of $2.48.

Hedge funds have recently modified their holdings of the company. Adage Capital Partners GP L.L.C. raised its stake in shares of 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. BlackRock Fund Advisors raised its stake in shares of 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. Sunbelt Securities Inc. bought a new stake in shares of ContraFect Corp. during the second quarter worth approximately $578,000. Spark Investment Management LLC bought a new stake in shares of ContraFect Corp. during the third quarter worth approximately $121,000. Finally, Opus Point Partners Management LLC bought a new stake in shares of ContraFect Corp. during the third quarter worth approximately $744,000. 18.80% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This piece of content was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2016/11/23/contrafect-corp-cfrx-pt-set-at-5-00-by-piper-jaffray-cos.html.

5 Day Chart for NASDAQ:CFRX

Receive News & Stock Ratings for ContraFect Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ContraFect Corp. and related stocks with our FREE daily email newsletter.