Cascadian Therapeutics Inc. (CASC) Upgraded to Hold by Zacks Investment Research
According to Zacks, “Cascadian Therapeutics, Inc. is a biopharmaceutical company specializing in developing innovative therapeutic product candidates for the treatment of cancer. The company’s product candidate is ONT-380, an orally active and selective small molecule HER2 inhibitor which is in preclinical trial stage. Cascadian Therapeutics, Inc., formerly known as Oncothyreon Inc., is headquartered in Seattle, Washington. “
CASC has been the topic of several other reports. Cowen and Company reaffirmed a buy rating on shares of Cascadian Therapeutics in a research note on Monday, October 10th. Jefferies Group reiterated a buy rating and set a $3.00 price objective on shares of Cascadian Therapeutics in a report on Tuesday, November 8th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $3.00.
Cascadian Therapeutics (NASDAQ:CASC) opened at 1.02 on Friday. The firm’s 50-day moving average is $1.15 and its 200 day moving average is $1.16. Cascadian Therapeutics has a 12-month low of $0.82 and a 12-month high of $3.75. The firm’s market cap is $138.02 million.
Cascadian Therapeutics (NASDAQ:CASC) last released its quarterly earnings results on Monday, November 7th. The biopharmaceutical company reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.01. Equities research analysts predict that Cascadian Therapeutics will post $5.02 EPS for the current year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of CASC. ProShare Advisors LLC raised its position in Cascadian Therapeutics by 20.3% in the third quarter. ProShare Advisors LLC now owns 85,070 shares of the biopharmaceutical company’s stock valued at $140,000 after buying an additional 14,378 shares during the last quarter. KCG Holdings Inc. raised its stake in Cascadian Therapeutics by 204.6% in the third quarter. KCG Holdings Inc. now owns 137,775 shares of the biopharmaceutical company’s stock worth $226,000 after buying an additional 92,549 shares in the last quarter. Northern Trust Corp raised its stake in Cascadian Therapeutics by 23.3% in the third quarter. Northern Trust Corp now owns 162,455 shares of the biopharmaceutical company’s stock worth $267,000 after buying an additional 30,744 shares in the last quarter. Susquehanna International Group LLP raised its stake in Cascadian Therapeutics by 944.4% in the third quarter. Susquehanna International Group LLP now owns 250,788 shares of the biopharmaceutical company’s stock worth $411,000 after buying an additional 280,488 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Cascadian Therapeutics by 1.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,849,475 shares of the biopharmaceutical company’s stock worth $3,033,000 after buying an additional 23,406 shares in the last quarter. Hedge funds and other institutional investors own 64.18% of the company’s stock.
Cascadian Therapeutics Company Profile
Cascadian Therapeutics, Inc, formerly Oncothyreon Inc, is a clinical-stage biopharmaceutical company. The Company focuses on the development of therapeutic products for the treatment of cancer. The Company’s clinical-stage product candidate includes ONT-380, an orally active and selective small-molecule human epidermal growth factor receptor (HER) 2 inhibitor.
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