ValuEngine upgraded shares of Curis, Inc. (NASDAQ:CRIS) from a sell rating to a hold rating in a report released on Friday morning.

Other equities analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Curis from a hold rating to a sell rating in a research note on Wednesday, May 10th. Cowen and Company reiterated a buy rating on shares of Curis in a research note on Friday, May 5th. Finally, BidaskClub lowered shares of Curis from a hold rating to a sell rating in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Curis presently has a consensus rating of Hold and an average target price of $5.88.

Shares of Curis (NASDAQ:CRIS) traded up 2.45% on Friday, hitting $2.09. 807,696 shares of the stock were exchanged. The company’s 50 day moving average is $1.84 and its 200-day moving average is $2.16. The stock’s market cap is $300.71 million. Curis has a 52-week low of $1.47 and a 52-week high of $3.72.

Curis (NASDAQ:CRIS) last announced its quarterly earnings results on Thursday, August 3rd. The biotechnology company reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.01. The company had revenue of $2.10 million during the quarter, compared to analysts’ expectations of $2.08 million. Curis had a negative net margin of 836.18% and a negative return on equity of 236.43%. The business’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.09) earnings per share. Analysts predict that Curis will post ($0.40) EPS for the current fiscal year.

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Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Curis by 6.7% during the first quarter. Vanguard Group Inc. now owns 4,827,625 shares of the biotechnology company’s stock worth $13,421,000 after acquiring an additional 304,268 shares during the last quarter. Prudential Financial Inc. purchased a new position in shares of Curis during the first quarter worth approximately $105,000. Perceptive Advisors LLC purchased a new position in shares of Curis during the first quarter worth approximately $1,390,000. American International Group Inc. grew its position in shares of Curis by 7.1% during the first quarter. American International Group Inc. now owns 68,733 shares of the biotechnology company’s stock worth $191,000 after acquiring an additional 4,560 shares during the last quarter. Finally, Highbridge Capital Management LLC purchased a new position in shares of Curis during the first quarter worth approximately $408,000. Institutional investors and hedge funds own 50.94% of the company’s stock.

About Curis

Curis, Inc is a biotechnology company seeking to develop and commercialize drug candidates for the treatment of cancers. The Company’s drug candidate is CUDC-907, an orally-available, small molecule inhibitor of histone deacetylase (HDAC) and phosphatidylinositol-3-kinase (PI3K) enzymes. CUDC-907 is an oral, dual inhibitor of Class I and II HDAC, as well as Class I PI3K enzymes.

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