BioXcel Therapeutics (NASDAQ:BTAI) released its quarterly earnings results on Friday. The company reported ($0.31) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by ($0.05), MarketWatch Earnings reports.

BioXcel Therapeutics stock traded down $0.15 during trading hours on Friday, hitting $5.90. The company had a trading volume of 82,078 shares, compared to its average volume of 27,947. BioXcel Therapeutics has a one year low of $5.00 and a one year high of $14.79.

Several research analysts have weighed in on BTAI shares. Zacks Investment Research cut shares of BioXcel Therapeutics from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Canaccord Genuity reissued a “buy” rating and issued a $21.00 price target on shares of BioXcel Therapeutics in a report on Friday, August 10th. Finally, HC Wainwright reissued a “buy” rating and issued a $25.00 price target on shares of BioXcel Therapeutics in a report on Wednesday, August 1st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. BioXcel Therapeutics currently has an average rating of “Buy” and a consensus price target of $18.67.

Institutional investors and hedge funds have recently made changes to their positions in the company. Creative Planning bought a new position in shares of BioXcel Therapeutics during the third quarter worth approximately $102,000. BlackRock Inc. bought a new position in shares of BioXcel Therapeutics during the second quarter worth approximately $137,000. Millennium Management LLC bought a new position in shares of BioXcel Therapeutics during the first quarter worth approximately $316,000. Point72 Asset Management L.P. increased its holdings in shares of BioXcel Therapeutics by 10.7% during the second quarter. Point72 Asset Management L.P. now owns 65,809 shares of the company’s stock worth $605,000 after purchasing an additional 6,358 shares during the period. Finally, Artemis Investment Management LLP increased its holdings in shares of BioXcel Therapeutics by 1.3% during the third quarter. Artemis Investment Management LLP now owns 1,254,853 shares of the company’s stock worth $9,700,000 after purchasing an additional 16,358 shares during the period. 23.90% of the stock is currently owned by institutional investors.

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About BioXcel Therapeutics

BioXcel Therapeutics, Inc, a clinical stage biopharmaceutical company, focuses on novel artificial intelligence-based drug development in the fields of neuroscience and immuno-oncology in the United States. The company is involved in developing BXCL501, a sublingual thin film formulation of dexmedetomidine designed for acute treatment of agitation resulting from neurological and psychiatric disorders; and BXCL701, an immuno-oncology agent designed for the treatment of prostate and pancreatic cancers.

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