ValuEngine upgraded shares of Kindred Biosciences (NASDAQ:KIN) from a sell rating to a hold rating in a report issued on Friday morning.

KIN has been the topic of several other research reports. Zacks Investment Research raised shares of Kindred Biosciences from a hold rating to a buy rating and set a $8.25 price objective on the stock in a research note on Wednesday, September 27th. B. Riley reissued a buy rating and set a $11.00 price objective on shares of Kindred Biosciences in a research note on Monday, November 20th. Finally, HC Wainwright assumed coverage on shares of Kindred Biosciences in a research note on Friday, November 17th. They set a buy rating and a $9.50 price objective on the stock. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $9.54.

Shares of Kindred Biosciences (NASDAQ KIN) traded down $0.05 during midday trading on Friday, hitting $7.60. 41,292 shares of the company’s stock traded hands, compared to its average volume of 65,067. Kindred Biosciences has a 12 month low of $3.90 and a 12 month high of $9.65.

Kindred Biosciences (NASDAQ:KIN) last announced its quarterly earnings data on Tuesday, November 7th. The biopharmaceutical company reported ($0.29) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.04. equities research analysts expect that Kindred Biosciences will post -1.18 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake in shares of Kindred Biosciences by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,369,688 shares of the biopharmaceutical company’s stock valued at $9,656,000 after buying an additional 34,735 shares during the period. Vanguard Group Inc. increased its position in Kindred Biosciences by 57.7% during the second quarter. Vanguard Group Inc. now owns 745,322 shares of the biopharmaceutical company’s stock worth $6,410,000 after purchasing an additional 272,612 shares during the last quarter. General American Investors Co. Inc. acquired a new position in Kindred Biosciences during the third quarter worth approximately $5,232,000. Renaissance Technologies LLC increased its position in Kindred Biosciences by 43.6% during the first quarter. Renaissance Technologies LLC now owns 504,800 shares of the biopharmaceutical company’s stock worth $3,559,000 after purchasing an additional 153,200 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in Kindred Biosciences by 2.2% during the third quarter. Wells Fargo & Company MN now owns 337,608 shares of the biopharmaceutical company’s stock worth $2,650,000 after purchasing an additional 7,206 shares during the last quarter. 66.85% of the stock is currently owned by institutional investors and hedge funds.

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Kindred Biosciences Company Profile

Kindred Biosciences, Inc is a development-stage biopharmaceutical company. The Company is focused on developing therapies for pets. The Company’s product pipeline consists of small molecules and biologics for a range of indications in dogs, cats and horses. The Company is developing product candidates for over 20 indications and focused on small molecule products and canine and feline biologics products.

Analyst Recommendations for Kindred Biosciences (NASDAQ:KIN)

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