BidaskClub downgraded shares of G1 Therapeutics (NASDAQ:GTHX) from a buy rating to a hold rating in a report published on Saturday morning.
A number of other equities analysts also recently commented on the company. BTIG Research began coverage on G1 Therapeutics in a research report on Tuesday, December 19th. They set a buy rating and a $38.00 price objective on the stock. Cowen reiterated a buy rating on shares of G1 Therapeutics in a research report on Wednesday, November 8th. Finally, Zacks Investment Research downgraded G1 Therapeutics from a hold rating to a sell rating in a research report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The stock has an average rating of Buy and an average price target of $31.40.
Shares of G1 Therapeutics (GTHX) traded down $0.34 during trading on Friday, reaching $22.97. The company had a trading volume of 36,335 shares, compared to its average volume of 72,850. G1 Therapeutics has a 52-week low of $12.04 and a 52-week high of $28.67.
G1 Therapeutics (NASDAQ:GTHX) last announced its quarterly earnings data on Wednesday, November 8th. The company reported ($0.55) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.56) by $0.01. analysts forecast that G1 Therapeutics will post -2.72 EPS for the current year.
In other G1 Therapeutics news, Director Fredric N. Eshelman bought 250,000 shares of G1 Therapeutics stock in a transaction on Monday, November 13th. The shares were bought at an average price of $19.73 per share, for a total transaction of $4,932,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Rajesh Malik sold 3,776 shares of G1 Therapeutics stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $22.96, for a total value of $86,696.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 545,932 shares of company stock worth $10,848,385.
A number of large investors have recently bought and sold shares of GTHX. FMR LLC purchased a new stake in G1 Therapeutics in the second quarter valued at $34,093,000. Vanguard Group Inc. purchased a new stake in G1 Therapeutics in the second quarter valued at $1,291,000. Goldman Sachs Group Inc. purchased a new stake in G1 Therapeutics in the second quarter valued at $1,144,000. Bank of New York Mellon Corp purchased a new stake in G1 Therapeutics in the third quarter valued at $568,000. Finally, Emerald Advisers Inc. PA raised its position in G1 Therapeutics by 2.5% in the third quarter. Emerald Advisers Inc. PA now owns 728,433 shares of the company’s stock valued at $18,131,000 after purchasing an additional 17,977 shares during the period. Institutional investors own 43.25% of the company’s stock.
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About G1 Therapeutics
G1 Therapeutics, Inc is a United States-based clinical-stage biopharmaceutical company. The Company is engaged in developing small-molecule therapies for the treatment of cancer. Its two clinical-stage candidates are trilaciclib (G1T28) and G1T38, which are potent, selective inhibitors of the validated kinase targets CDK4/6.
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