Capricor Therapeutics (NASDAQ:CAPR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
According to Zacks, “Capricor Therapeutics, Inc. is a biotechnology company. It is focused on the development of novel therapeutics to prevent and treat heart disease. The Company has two drug candidates in development: Cenderitide and CU-NP. Capricor Therapeutics, Inc., formerly known as Nile Therapeutics, Inc., is based in San Mateo, California. “
Separately, HC Wainwright reaffirmed a “buy” rating and issued a $8.60 price target (up from $6.50) on shares of Capricor Therapeutics in a report on Friday, January 26th.
Capricor Therapeutics (NASDAQ:CAPR) traded up $0.09 during midday trading on Wednesday, reaching $2.04. 1,949,071 shares of the company’s stock traded hands, compared to its average volume of 639,203. Capricor Therapeutics has a fifty-two week low of $0.63 and a fifty-two week high of $4.25. The stock has a market capitalization of $52.45, a price-to-earnings ratio of -3.09 and a beta of -4.66.
Institutional investors and hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN purchased a new stake in shares of Capricor Therapeutics during the third quarter valued at $107,000. Jane Street Group LLC purchased a new stake in shares of Capricor Therapeutics during the third quarter valued at $190,000. Belpointe Asset Management LLC purchased a new stake in shares of Capricor Therapeutics during the third quarter valued at $249,000. Virtu KCG Holdings LLC grew its holdings in shares of Capricor Therapeutics by 571.9% during the second quarter. Virtu KCG Holdings LLC now owns 179,301 shares of the biotechnology company’s stock valued at $149,000 after buying an additional 152,614 shares during the last quarter. Finally, Brown Advisory Inc. purchased a new stake in shares of Capricor Therapeutics during the fourth quarter valued at $1,796,000. 4.05% of the stock is currently owned by hedge funds and other institutional investors.
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Capricor Therapeutics Company Profile
Capricor Therapeutics, Inc (NASDAQ:CAPR) is a clinical-stage biotechnology company focused on the discovery, development and commercialization of first-in-class biological therapeutics for the treatment of rare disorders. Capricor’s lead candidate, CAP-1002, is an allogeneic cell therapy that is currently in clinical development for the treatment of Duchenne muscular dystrophy.
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