Kindred Biosciences (KIN) Given a $11.00 Price Target by B. Riley Analysts
Kindred Biosciences (NASDAQ:KIN) received a $11.00 price target from equities researchers at B. Riley in a research note issued to investors on Tuesday. The firm presently has a “buy” rating on the biopharmaceutical company’s stock. B. Riley’s price target suggests a potential upside of 46.67% from the company’s previous close.
A number of other analysts have also recently weighed in on the company. Zacks Investment Research cut Kindred Biosciences from a “buy” rating to a “hold” rating and set a $8.50 price target on the stock. in a research report on Tuesday, September 12th. HC Wainwright began coverage on Kindred Biosciences in a research report on Friday, November 17th. They set a “buy” rating and a $9.50 price target on the stock. Finally, ValuEngine upgraded Kindred Biosciences from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $9.63.
Shares of Kindred Biosciences (KIN) opened at $7.50 on Tuesday. Kindred Biosciences has a one year low of $4.10 and a one year high of $9.65.
A number of institutional investors and hedge funds have recently bought and sold shares of KIN. General American Investors Co. Inc. acquired a new stake in Kindred Biosciences in the 3rd quarter valued at approximately $5,232,000. AJO LP bought a new position in Kindred Biosciences during the 2nd quarter valued at $2,407,000. Vanguard Group Inc. boosted its stake in Kindred Biosciences by 57.7% during the 2nd quarter. Vanguard Group Inc. now owns 745,322 shares of the biopharmaceutical company’s stock valued at $6,410,000 after purchasing an additional 272,612 shares in the last quarter. State Street Corp bought a new position in Kindred Biosciences during the 2nd quarter valued at $2,209,000. Finally, Pacific Grove Capital LP bought a new position in Kindred Biosciences during the 3rd quarter valued at $1,475,000. Hedge funds and other institutional investors own 66.85% of the company’s stock.
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About Kindred Biosciences
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.
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