Odonate Therapeutics (NASDAQ:ODT) Coverage Initiated by Analysts at Goldman Sachs Group

Analysts at Goldman Sachs Group assumed coverage on shares of Odonate Therapeutics (NASDAQ:ODT) in a note issued to investors on Tuesday, January 2nd, MarketBeat Ratings reports. The firm set a “neutral” rating and a $27.00 price target on the stock. Goldman Sachs Group’s price objective would suggest a potential upside of 24.48% from the stock’s previous close.

A number of other research firms have also weighed in on ODT. Cowen started coverage on Odonate Therapeutics in a research note on Tuesday, January 2nd. They set an “outperform” rating on the stock. Jefferies Group started coverage on Odonate Therapeutics in a research note on Tuesday, January 2nd. They set a “buy” rating and a $40.00 price objective on the stock.

Odonate Therapeutics (NASDAQ:ODT) traded down $0.33 during midday trading on Tuesday, reaching $21.69. The company’s stock had a trading volume of 51,419 shares, compared to its average volume of 27,988. Odonate Therapeutics has a one year low of $21.42 and a one year high of $25.36.

In other Odonate Therapeutics news, CEO Kevin C. Tang purchased 1,291,666 shares of the firm’s stock in a transaction dated Thursday, December 7th. The shares were acquired at an average price of $24.00 per share, with a total value of $30,999,984.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Boxer Capital, Llc purchased 416,666 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was acquired at an average cost of $24.00 per share, for a total transaction of $9,999,984.00. The disclosure for this purchase can be found here. Insiders have acquired 1,709,332 shares of company stock worth $41,023,268 in the last three months.

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Odonate Therapeutics Company Profile

Odonate Therapeutics, Inc, formerly Odonate Therapeutics, LLC, is a pharmaceutical company. The Company is engaged in the development of therapeutics to improve and extend the lives of patients with cancer. It is focused on the development of tesetaxel, a novel chemotherapy agent. It has completed Phase-II studies in patients with metastatic breast cancer (MBC).

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