CymaBay Therapeutics (NASDAQ:CBAY) posted its quarterly earnings results on Thursday, March 15th. The biopharmaceutical company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.06, Bloomberg Earnings reports. The business had revenue of $5.20 million for the quarter, compared to the consensus estimate of $1.25 million.
Shares of NASDAQ CBAY traded down $0.16 during midday trading on Friday, reaching $11.10. 582,827 shares of the company were exchanged, compared to its average volume of 1,048,034. The stock has a market cap of $658.73, a PE ratio of -14.05 and a beta of 2.06. CymaBay Therapeutics has a one year low of $3.16 and a one year high of $15.59. The company has a debt-to-equity ratio of 0.04, a quick ratio of 6.35 and a current ratio of 6.35.
In related news, Director Kurt Von Emster sold 218,057 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $15.89, for a total value of $3,464,925.73. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Carl Goldfischer sold 15,000 shares of the business’s stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of $13.03, for a total transaction of $195,450.00. Following the completion of the sale, the director now directly owns 9,340 shares in the company, valued at approximately $121,700.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 815,648 shares of company stock worth $10,283,751. Insiders own 15.10% of the company’s stock.
A number of research firms have recently weighed in on CBAY. Piper Jaffray reiterated a “buy” rating and issued a $16.00 price target on shares of CymaBay Therapeutics in a research report on Friday, March 16th. Cantor Fitzgerald reiterated a “buy” rating and issued a $16.00 price target on shares of CymaBay Therapeutics in a research report on Friday, March 16th. BidaskClub downgraded shares of CymaBay Therapeutics from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 15th. Oppenheimer set a $18.00 price target on shares of CymaBay Therapeutics and gave the company a “buy” rating in a research report on Monday, March 12th. Finally, Roth Capital reiterated a “buy” rating and issued a $27.00 price target on shares of CymaBay Therapeutics in a research report on Thursday, January 25th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. CymaBay Therapeutics has a consensus rating of “Buy” and an average price target of $17.78.
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CymaBay Therapeutics Company Profile
Cymabay Therapeutics, Inc, a biopharmaceutical company, focuses on developing and commercializing therapies to treat specialty and orphan diseases. It engages in developing seladelpar (MBX-8025), a selective agonist of peroxisome proliferator-activated receptor delta, which has completed Phase 2 clinical study for the treatment of primary biliary cholangitis and homozygous familial hypercholesterolemia; and arhalofenate, which completed five Phase II clinical trials for the treatment of gout.
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