Cidara Therapeutics Inc (CDTX) Receives $14.28 Average Target Price from Analysts

Cidara Therapeutics Inc (NASDAQ:CDTX) has been given a consensus rating of “Buy” by the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $14.28.

Several analysts have recently issued reports on CDTX shares. Cantor Fitzgerald set a $15.00 target price on Cidara Therapeutics and gave the stock a “buy” rating in a report on Tuesday, November 28th. Zacks Investment Research lowered Cidara Therapeutics from a “buy” rating to a “hold” rating in a report on Monday, December 25th.

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Hedge funds have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Cidara Therapeutics during the 2nd quarter worth $131,000. OxFORD Asset Management LLP lifted its position in shares of Cidara Therapeutics by 69.1% during the 3rd quarter. OxFORD Asset Management LLP now owns 22,181 shares of the biotechnology company’s stock worth $187,000 after buying an additional 9,065 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Cidara Therapeutics by 77.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 41,266 shares of the biotechnology company’s stock worth $328,000 after buying an additional 18,001 shares during the last quarter. Eversept Partners LLC bought a new stake in shares of Cidara Therapeutics during the 4th quarter worth $340,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Cidara Therapeutics during the 2nd quarter worth $650,000. Institutional investors and hedge funds own 66.95% of the company’s stock.

Cidara Therapeutics (CDTX) traded down $0.15 on Friday, hitting $8.00. The stock had a trading volume of 53,201 shares, compared to its average volume of 114,471. The firm has a market cap of $169.29, a price-to-earnings ratio of -2.54 and a beta of 1.70. Cidara Therapeutics has a 12 month low of $5.60 and a 12 month high of $8.80. The company has a current ratio of 6.43, a quick ratio of 6.43 and a debt-to-equity ratio of 0.12.

Cidara Therapeutics (NASDAQ:CDTX) last released its earnings results on Tuesday, February 27th. The biotechnology company reported ($0.69) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.74) by $0.05. equities analysts anticipate that Cidara Therapeutics will post -2.6 EPS for the current year.

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About Cidara Therapeutics

Cidara Therapeutics, Inc, formerly K2 Therapeutics, Inc, is a clinical-stage biotechnology company. The Company is engaged in the discovery, development and commercialization of anti-infectives. It is developing a pipeline of product and development candidates with a focus on serious fungal infections.

Analyst Recommendations for Cidara Therapeutics (NASDAQ:CDTX)

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