Aptose Biosciences Inc. (APTO) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Aptose Biosciences Inc. (NASDAQ:APTO) (TSE:APS) have earned an average recommendation of “Buy” from the eight research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $6.40.
A number of analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Aptose Biosciences from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. HC Wainwright set a $9.00 target price on shares of Aptose Biosciences and gave the stock a “buy” rating in a research report on Thursday, December 13th. Roth Capital reissued a “buy” rating on shares of Aptose Biosciences in a research report on Wednesday, December 12th. B. Riley assumed coverage on shares of Aptose Biosciences in a research report on Friday, November 16th. They set a “buy” rating and a $5.00 target price for the company. Finally, Citigroup assumed coverage on shares of Aptose Biosciences in a research report on Friday, January 25th. They set an “outperform” rating and a $6.00 target price for the company.
In other Aptose Biosciences news, CFO Gregory K. Chow bought 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was purchased at an average price of $1.75 per share, with a total value of $26,250.00. Following the transaction, the chief financial officer now owns 122,014 shares in the company, valued at $213,524.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of APTO stock opened at $1.90 on Friday. The stock has a market cap of $70.99 million, a PE ratio of -2.21 and a beta of 1.59. Aptose Biosciences has a 1-year low of $1.57 and a 1-year high of $4.55.
Aptose Biosciences (NASDAQ:APTO) (TSE:APS) last announced its quarterly earnings data on Tuesday, March 12th. The biotechnology company reported ($0.17) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.01). As a group, research analysts anticipate that Aptose Biosciences will post -0.68 earnings per share for the current year.
About Aptose Biosciences
Aptose Biosciences Inc, a clinical-stage biotechnology company, discovers and develops personalized therapies addressing unmet medical needs in oncology in Canada. Its lead clinical program is APTO-253, which is a Phase I clinical trial for the treatment of patients with relapsed or refractory hematologic malignancies.
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