Leap Therapeutics (LPTX) Reaches New 52-Week Low at $3.44

Leap Therapeutics Inc (NASDAQ:LPTX)’s share price hit a new 52-week low on Thursday . The company traded as low as $3.44 and last traded at $3.48, with a volume of 518 shares. The stock had previously closed at $3.68.

Several equities analysts have weighed in on the company. Zacks Investment Research cut Leap Therapeutics from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. HC Wainwright set a $13.00 target price on Leap Therapeutics and gave the company a “buy” rating in a research note on Tuesday, October 23rd. Finally, ValuEngine raised Leap Therapeutics from a “hold” rating to a “buy” rating in a research note on Thursday, August 30th.

The company has a market cap of $50.73 million, a price-to-earnings ratio of -0.96 and a beta of 1.99.

Leap Therapeutics (NASDAQ:LPTX) last released its earnings results on Thursday, November 15th. The company reported ($0.45) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.43) by ($0.02). Research analysts forecast that Leap Therapeutics Inc will post -2.37 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Leap Therapeutics by 23.2% during the 3rd quarter. Vanguard Group Inc. now owns 256,268 shares of the company’s stock valued at $1,997,000 after acquiring an additional 48,300 shares in the last quarter. Renaissance Technologies LLC grew its stake in Leap Therapeutics by 23.5% during the 3rd quarter. Renaissance Technologies LLC now owns 138,868 shares of the company’s stock valued at $1,082,000 after acquiring an additional 26,401 shares in the last quarter. Point72 Asset Management L.P. grew its stake in Leap Therapeutics by 178.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 75,888 shares of the company’s stock valued at $683,000 after acquiring an additional 48,588 shares in the last quarter. DRW Securities LLC purchased a new position in Leap Therapeutics during the 2nd quarter valued at about $347,000. Finally, JPMorgan Chase & Co. purchased a new position in Leap Therapeutics during the 3rd quarter valued at about $111,000. 15.52% of the stock is currently owned by institutional investors.

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Leap Therapeutics Company Profile (NASDAQ:LPTX)

Leap Therapeutics, Inc, a biopharmaceutical company, acquires and develops therapies for the treatment of cancer. Its clinical stage programs include DKN-01, a monoclonal antibody that inhibits Dickkopf-related protein 1, which is in Phase I/II clinical trial in patients with esophagogastric, biliary tract, gynecologic, and non-small cell lung cancers, as well as hepatocellular carcinoma, a type of liver cancer.

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