Cytokinetics (NASDAQ:CYTK)‘s stock had its “buy” rating reissued by research analysts at Cowen in a research note issued on Tuesday. They presently have a $11.00 price target on the biopharmaceutical company’s stock. Cowen’s price objective suggests a potential upside of 43.79% from the company’s previous close.
CYTK has been the topic of a number of other research reports. HC Wainwright set a $20.00 target price on shares of Cytokinetics and gave the company a “buy” rating in a research report on Friday, January 19th. Morgan Stanley reaffirmed an “overweight” rating and issued a $17.00 target price (down previously from $25.00) on shares of Cytokinetics in a research report on Wednesday, November 22nd. Cantor Fitzgerald cut shares of Cytokinetics from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $21.00 to $10.00 in a research report on Wednesday, November 22nd. ValuEngine cut shares of Cytokinetics from a “hold” rating to a “sell” rating in a research report on Tuesday, November 21st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $22.00 target price on shares of Cytokinetics in a research report on Sunday, October 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $16.60.
Cytokinetics (NASDAQ CYTK) opened at $7.65 on Tuesday. Cytokinetics has a 1 year low of $7.00 and a 1 year high of $17.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 8.46 and a quick ratio of 7.60. The company has a market cap of $412.22, a PE ratio of -2.97 and a beta of 1.03.
Cytokinetics (NASDAQ:CYTK) last posted its earnings results on Thursday, February 15th. The biopharmaceutical company reported ($0.75) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.71) by ($0.04). Cytokinetics had a negative net margin of 172.27% and a negative return on equity of 96.95%. The company had revenue of ($0.02) million during the quarter, compared to analyst estimates of $4.83 million. equities research analysts forecast that Cytokinetics will post -1.74 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of the business. MetLife Investment Advisors LLC purchased a new stake in Cytokinetics during the fourth quarter worth about $153,000. Millennium Management LLC purchased a new stake in Cytokinetics during the fourth quarter worth about $218,000. Two Sigma Investments LP increased its stake in Cytokinetics by 258.1% during the fourth quarter. Two Sigma Investments LP now owns 113,902 shares of the biopharmaceutical company’s stock worth $928,000 after purchasing an additional 82,093 shares during the period. Two Sigma Advisers LP increased its stake in Cytokinetics by 62.6% during the fourth quarter. Two Sigma Advisers LP now owns 74,800 shares of the biopharmaceutical company’s stock worth $610,000 after purchasing an additional 28,800 shares during the period. Finally, Ellington Management Group LLC purchased a new stake in Cytokinetics during the fourth quarter worth about $128,000. Institutional investors own 63.67% of the company’s stock.
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Cytokinetics, Incorporated is a late-stage biopharmaceutical company. The Company is focused on discovering, developing and commercializing first-in-class muscle activators as potential treatments for debilitating diseases in which muscle performance is compromised and/or declining. It is focused on the discovery and development of small molecule therapeutics that modulate muscle function for the treatment of serious diseases and medical conditions.
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