Catabasis Pharmaceuticals’ (NASDAQ:CATB) Outperform Rating Reiterated at Wedbush

Wedbush restated their outperform rating on shares of Catabasis Pharmaceuticals (NASDAQ:CATB) in a report published on Wednesday, February 14th. They currently have a $4.00 price objective on the biotechnology company’s stock, down from their previous price objective of $5.00. Wedbush also issued estimates for Catabasis Pharmaceuticals’ FY2022 earnings at $0.71 EPS.

A number of other research firms have also recently commented on CATB. Zacks Investment Research raised shares of Catabasis Pharmaceuticals from a hold rating to a buy rating and set a $1.75 price target for the company in a research note on Friday, January 26th. Citigroup upgraded shares of Catabasis Pharmaceuticals from a neutral rating to a buy rating and set a $3.00 price objective for the company in a report on Monday, November 20th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $4.82.

Catabasis Pharmaceuticals (NASDAQ:CATB) opened at $1.74 on Wednesday. Catabasis Pharmaceuticals has a 12 month low of $1.09 and a 12 month high of $3.78. The company has a market cap of $41.72 and a P/E ratio of -1.15.

A number of large investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in Catabasis Pharmaceuticals by 146.1% during the 4th quarter. Geode Capital Management LLC now owns 76,612 shares of the biotechnology company’s stock valued at $114,000 after buying an additional 45,476 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in Catabasis Pharmaceuticals by 40.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 169,000 shares of the biotechnology company’s stock valued at $358,000 after buying an additional 49,000 shares during the last quarter. Virtu KCG Holdings LLC bought a new stake in Catabasis Pharmaceuticals during the 2nd quarter valued at $271,000. Deutsche Bank AG bought a new stake in Catabasis Pharmaceuticals during the 4th quarter valued at $335,000. Finally, Wedbush Securities Inc. raised its holdings in Catabasis Pharmaceuticals by 2,368.6% during the 3rd quarter. Wedbush Securities Inc. now owns 251,802 shares of the biotechnology company’s stock valued at $534,000 after buying an additional 241,602 shares during the last quarter. Institutional investors own 32.40% of the company’s stock.

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About Catabasis Pharmaceuticals

Catabasis Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company is focused on the discovery, development and commercialization of therapeutics based on its Safely Metabolized And Rationally Targeted (SMART), a linker drug discovery platform. The SMART linker drug discovery platform enables to engineer product candidates that can modulate multiple targets in a disease.

Analyst Recommendations for Catabasis Pharmaceuticals (NASDAQ:CATB)

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