Conatus Pharmaceuticals (CNAT) Sets New 52-Week Low on Analyst Downgrade

Conatus Pharmaceuticals Inc (NASDAQ:CNAT)’s share price reached a new 52-week low on Thursday after SunTrust Banks lowered their price target on the stock to $12.00. SunTrust Banks currently has a buy rating on the stock. Conatus Pharmaceuticals traded as low as $1.80 and last traded at $2.16, with a volume of 131041 shares trading hands. The stock had previously closed at $4.50.

Several other equities analysts have also weighed in on CNAT. Stifel Nicolaus lowered Conatus Pharmaceuticals from a “buy” rating to a “hold” rating and set a $4.00 price target for the company. in a research note on Thursday. ValuEngine lowered Conatus Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. HC Wainwright restated a “buy” rating on shares of Conatus Pharmaceuticals in a research note on Monday, November 5th. Finally, Oppenheimer set a $10.00 price target on Conatus Pharmaceuticals and gave the company a “buy” rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $11.12.

Several institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new stake in Conatus Pharmaceuticals in the 2nd quarter worth about $142,000. Virtu Financial LLC boosted its holdings in Conatus Pharmaceuticals by 94.6% in the 3rd quarter. Virtu Financial LLC now owns 25,860 shares of the biotechnology company’s stock worth $150,000 after buying an additional 12,572 shares during the last quarter. MYDA Advisors LLC acquired a new stake in Conatus Pharmaceuticals in the 2nd quarter worth about $154,000. LMR Partners LLP acquired a new stake in Conatus Pharmaceuticals in the 2nd quarter worth about $311,000. Finally, Paloma Partners Management Co acquired a new stake in Conatus Pharmaceuticals in the 2nd quarter worth about $547,000. Hedge funds and other institutional investors own 31.93% of the company’s stock.

The company has a debt-to-equity ratio of 0.83, a current ratio of 2.39 and a quick ratio of 2.39. The firm has a market capitalization of $136.18 million, a PE ratio of -3.54 and a beta of 1.99.

Conatus Pharmaceuticals (NASDAQ:CNAT) last posted its quarterly earnings data on Thursday, November 1st. The biotechnology company reported ($0.15) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.15). Conatus Pharmaceuticals had a negative return on equity of 83.99% and a negative net margin of 52.77%. The company had revenue of $7.67 million for the quarter, compared to analysts’ expectations of $9.70 million. On average, research analysts expect that Conatus Pharmaceuticals Inc will post -0.6 EPS for the current year.

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About Conatus Pharmaceuticals (NASDAQ:CNAT)

Conatus Pharmaceuticals Inc, a biotechnology company, focuses on the development and commercialization of novel medicines for the treatment of liver diseases in the United States. Its product candidates include Emricasan, an orally active pan-caspase protease inhibitor that is in Phase IIb clinical trials for post-orthotopic liver transplant as a result of hepatitis C virus infection with sustained viral response; for patients with portal hypertension; for patients liver fibrosis caused by nonalcoholic steatohepatitis; and for liver function.

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