CytomX Therapeutics, Inc. (NASDAQ:CTMX) had its price objective boosted by analysts at Nomura to $44.00 in a research note issued on Wednesday. The brokerage currently has a “buy” rating on the biotechnology company’s stock. Nomura’s price objective would indicate a potential upside of 99.46% from the company’s current price.

A number of other equities analysts have also recently commented on the company. Cowen and Company reiterated a “buy” rating on shares of CytomX Therapeutics in a report on Wednesday, June 28th. Jefferies Group LLC restated a “buy” rating and set a $25.00 price objective on shares of CytomX Therapeutics in a report on Tuesday, June 6th. BidaskClub upgraded CytomX Therapeutics from a “sell” rating to a “hold” rating in a report on Saturday, July 8th. ValuEngine cut CytomX Therapeutics from a “hold” rating to a “sell” rating in a report on Friday, September 15th. Finally, Wedbush began coverage on CytomX Therapeutics in a report on Thursday, September 7th. They set an “outperform” rating and a $26.00 price objective for the company. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $32.67.

CytomX Therapeutics (NASDAQ:CTMX) traded down 2.7647% during mid-day trading on Wednesday, hitting $21.4501. The stock had a trading volume of 174,968 shares. CytomX Therapeutics has a 12 month low of $9.85 and a 12 month high of $24.67. The stock’s 50-day moving average price is $17.15 and its 200-day moving average price is $15.67. The stock’s market cap is $790.80 million.

CytomX Therapeutics (NASDAQ:CTMX) last announced its earnings results on Monday, August 7th. The biotechnology company reported ($0.69) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.39) by ($0.30). The company had revenue of $8.75 million during the quarter, compared to analysts’ expectations of $4.95 million. CytomX Therapeutics had a negative return on equity of 84.61% and a negative net margin of 206.33%. On average, analysts predict that CytomX Therapeutics will post ($1.47) earnings per share for the current year.

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In related news, major shareholder Robert I. Tepper sold 24,777 shares of the business’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $24.34, for a total transaction of $603,072.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Robert I. Tepper sold 20,000 shares of the business’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $18.00, for a total value of $360,000.00. Following the transaction, the insider now owns 54,293 shares of the company’s stock, valued at approximately $977,274. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,306 shares of company stock valued at $1,924,746. 4.70% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of CTMX. Teachers Advisors LLC boosted its holdings in CytomX Therapeutics by 6.7% during the 4th quarter. Teachers Advisors LLC now owns 34,961 shares of the biotechnology company’s stock valued at $384,000 after acquiring an additional 2,209 shares during the period. Strs Ohio purchased a new stake in shares of CytomX Therapeutics in the 1st quarter worth $207,000. Wells Fargo & Company MN lifted its holdings in shares of CytomX Therapeutics by 52.8% in the 1st quarter. Wells Fargo & Company MN now owns 22,424 shares of the biotechnology company’s stock worth $387,000 after buying an additional 7,747 shares during the period. Swiss National Bank lifted its holdings in shares of CytomX Therapeutics by 19.1% in the 1st quarter. Swiss National Bank now owns 26,800 shares of the biotechnology company’s stock worth $463,000 after buying an additional 4,300 shares during the period. Finally, Oxford Asset Management lifted its holdings in shares of CytomX Therapeutics by 28.4% in the 1st quarter. Oxford Asset Management now owns 31,665 shares of the biotechnology company’s stock worth $547,000 after buying an additional 6,995 shares during the period. Institutional investors own 59.97% of the company’s stock.

CytomX Therapeutics Company Profile

CytomX Therapeutics, Inc is a clinical-stage, oncology-focused biopharmaceutical company. The Company uses its Probody technology platform to create cancer immunotherapies against clinically validated targets, as well as to develop cancer therapeutics against difficult-to-drug targets. Its pipeline is focused on the development of therapies in a set of modalities: Probody cancer immunotherapies, Probody drug conjugates, T-cell engaging Probody bispecifics and ProCAR-NK cell therapies.

Analyst Recommendations for CytomX Therapeutics (NASDAQ:CTMX)

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