ContraFect Corp. (CFRX) PT Set at $5.00 by Piper Jaffray Cos.
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.
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