Shares of Cidara Therapeutics, Inc. (NASDAQ:CDTX) have earned a consensus rating of “Buy” from the twelve brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $14.00.
Several research analysts have recently weighed in on the company. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Cidara Therapeutics in a research note on Friday, August 11th. WBB Securities raised Cidara Therapeutics from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research downgraded Cidara Therapeutics from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. ValuEngine downgraded Cidara Therapeutics from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Finally, HC Wainwright upped their target price on Cidara Therapeutics from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th.
Shares of Cidara Therapeutics (NASDAQ:CDTX) traded up $0.10 during mid-day trading on Friday, hitting $8.00. The stock had a trading volume of 57,900 shares, compared to its average volume of 104,597. The company has a debt-to-equity ratio of 0.16, a current ratio of 7.69 and a quick ratio of 7.69. Cidara Therapeutics has a twelve month low of $5.60 and a twelve month high of $11.75.
In other news, major shareholder Target N. V. Biotech purchased 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was purchased at an average cost of $7.57 per share, for a total transaction of $454,200.00. Following the completion of the transaction, the insider now owns 2,295,272 shares of the company’s stock, valued at $17,375,209.04. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey Stein bought 7,350 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was bought at an average price of $6.79 per share, with a total value of $49,906.50. Following the completion of the acquisition, the chief executive officer now owns 51,851 shares in the company, valued at $352,068.29. The disclosure for this purchase can be found here. 18.90% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the business. Broadfin Capital LLC grew its holdings in Cidara Therapeutics by 45.0% in the 2nd quarter. Broadfin Capital LLC now owns 816,275 shares of the biotechnology company’s stock valued at $6,122,000 after buying an additional 253,400 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in Cidara Therapeutics in the 2nd quarter valued at $650,000. Susquehanna International Group LLP purchased a new stake in Cidara Therapeutics in the 2nd quarter valued at $350,000. BB Biotech AG grew its holdings in Cidara Therapeutics by 5.6% in the 2nd quarter. BB Biotech AG now owns 1,102,578 shares of the biotechnology company’s stock valued at $8,269,000 after buying an additional 58,754 shares in the last quarter. Finally, TIAA CREF Investment Management LLC grew its holdings in Cidara Therapeutics by 4.9% in the 1st quarter. TIAA CREF Investment Management LLC now owns 39,065 shares of the biotechnology company’s stock valued at $305,000 after buying an additional 1,840 shares in the last quarter. Institutional investors own 55.45% of the company’s stock.
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Cidara Therapeutics Company Profile
Cidara Therapeutics, Inc, formerly K2 Therapeutics, Inc, is a clinical-stage biotechnology company. The Company is engaged in the discovery, development and commercialization of anti-infectives. It is developing a pipeline of product and development candidates with a focus on serious fungal infections.
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