Zacks Investment Research Lowers Leap Therapeutics (LPTX) to Hold

Leap Therapeutics (NASDAQ:LPTX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday.

According to Zacks, “Leap Therapeutics, Inc. is a biopharmaceutical company. It develops novel therapeutics for the treatment of cancer. Leap Therapeutics, Inc. is based in Cambridge, United States. “

Shares of Leap Therapeutics (NASDAQ LPTX) opened at $6.22 on Friday. The firm has a market cap of $75.73 and a price-to-earnings ratio of -1.80. Leap Therapeutics has a one year low of $4.90 and a one year high of $10.10.

Leap Therapeutics (NASDAQ:LPTX) last released its quarterly earnings data on Monday, November 13th. The company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of ($0.62) by ($0.11). equities analysts expect that Leap Therapeutics will post -3.63 earnings per share for the current year.

In related news, COO Augustine Lawlor acquired 1,057,769 shares of the stock in a transaction dated Tuesday, November 14th. The stock was bought at an average price of $6.09 per share, for a total transaction of $6,441,813.21. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 58.40% of the company’s stock.

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About Leap Therapeutics

Leap Therapeutics, Inc, formerly HealthCare Pharmaceuticals, Inc, is a clinical-stage biopharmaceutical company. The Company engages in acquiring and developing therapeutics in cancer biology. Its lead product candidates for use in clinical trials include TRX518 and DKN-01. DKN-01 is a monoclonal antibody targeting Dickkopf-related protein 1 (DKK1).

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