Cascadian Therapeutics, Inc. (NASDAQ:CASC)‘s stock had its “hold” rating reiterated by investment analysts at Cantor Fitzgerald in a note issued to investors on Thursday. They presently have a $4.00 target price on the biopharmaceutical company’s stock. Cantor Fitzgerald’s target price points to a potential upside of 10.80% from the stock’s current price.

A number of other research firms have also commented on CASC. Cowen and Company reaffirmed a “buy” rating on shares of Cascadian Therapeutics in a research note on Tuesday, May 9th. ValuEngine lowered shares of Cascadian Therapeutics from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research lowered shares of Cascadian Therapeutics from a “buy” rating to a “hold” rating in a research note on Friday, May 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $6.17.

Cascadian Therapeutics (NASDAQ CASC) opened at 3.61 on Thursday. The firm’s market capitalization is $182.50 million. The firm has a 50-day moving average price of $3.83 and a 200 day moving average price of $3.96. Cascadian Therapeutics has a one year low of $3.18 and a one year high of $10.98.

Cascadian Therapeutics (NASDAQ:CASC) last posted its quarterly earnings data on Tuesday, August 8th. The biopharmaceutical company reported ($0.30) EPS for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.06. During the same quarter last year, the business posted ($1.57) earnings per share. Equities research analysts anticipate that Cascadian Therapeutics will post $5.02 earnings per share for the current year.

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A number of institutional investors have recently bought and sold shares of CASC. NEA Management Company LLC raised its position in Cascadian Therapeutics by 405.9% in the first quarter. NEA Management Company LLC now owns 9,064,575 shares of the biopharmaceutical company’s stock worth $37,527,000 after buying an additional 7,272,909 shares in the last quarter. Baupost Group LLC MA raised its position in Cascadian Therapeutics by 109.3% in the first quarter. Baupost Group LLC MA now owns 8,721,079 shares of the biopharmaceutical company’s stock worth $36,105,000 after buying an additional 4,554,413 shares in the last quarter. Redmile Group LLC purchased a new position in Cascadian Therapeutics during the first quarter worth approximately $16,860,000. Vanguard Group Inc. raised its position in Cascadian Therapeutics by 24.1% in the second quarter. Vanguard Group Inc. now owns 1,767,681 shares of the biopharmaceutical company’s stock worth $6,567,000 after buying an additional 343,838 shares in the last quarter. Finally, Sandia Holdings LLC raised its position in Cascadian Therapeutics by 70.5% in the second quarter. Sandia Holdings LLC now owns 927,264 shares of the biopharmaceutical company’s stock worth $3,445,000 after buying an additional 383,545 shares in the last quarter. 82.55% of the stock is owned by hedge funds and other institutional investors.

About Cascadian Therapeutics

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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