Leap Therapeutics (LPTX) Trading Down 23.1%

Leap Therapeutics (NASDAQ:LPTX)’s share price traded down 23.1% on Monday . The company traded as low as $6.94 and last traded at $7.49. 710,923 shares were traded during mid-day trading, an increase of 500% from the average session volume of 118,532 shares. The stock had previously closed at $9.74.

A number of equities analysts have weighed in on the company. Zacks Investment Research lowered Leap Therapeutics from a “buy” rating to a “hold” rating in a research report on Friday, January 19th. HC Wainwright initiated coverage on Leap Therapeutics in a research note on Thursday, April 12th. They set a “buy” rating and a $12.50 price target for the company. Finally, ValuEngine upgraded Leap Therapeutics from a “strong sell” rating to a “sell” rating in a research note on Thursday, March 22nd.

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The company has a market cap of $108.61, a PE ratio of -2.29 and a beta of -0.39.

Leap Therapeutics (NASDAQ:LPTX) last released its quarterly earnings results on Friday, February 23rd. The company reported ($0.65) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.77) by $0.12. equities analysts predict that Leap Therapeutics will post -2.37 earnings per share for the current fiscal year.

A hedge fund recently bought a new stake in Leap Therapeutics stock. Sabby Management LLC purchased a new stake in shares of Leap Therapeutics (NASDAQ:LPTX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 89,350 shares of the company’s stock, valued at approximately $558,000. Sabby Management LLC owned 0.72% of Leap Therapeutics as of its most recent SEC filing. Hedge funds and other institutional investors own 2.77% of the company’s stock.

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About Leap Therapeutics

Leap Therapeutics, Inc, formerly HealthCare Pharmaceuticals, Inc, is a clinical-stage biopharmaceutical company. The Company engages in acquiring and developing therapeutics in cancer biology. Its lead product candidates for use in clinical trials include TRX518 and DKN-01. DKN-01 is a monoclonal antibody targeting Dickkopf-related protein 1 (DKK1).

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