Cara Therapeutics (NASDAQ:CARA) Upgraded by ValuEngine to “Strong-Buy”

Share on StockTwits

ValuEngine upgraded shares of Cara Therapeutics (NASDAQ:CARA) from a buy rating to a strong-buy rating in a research report sent to investors on Tuesday, ValuEngine reports.

A number of other equities analysts have also recently weighed in on the company. Zacks Investment Research cut Cara Therapeutics from a hold rating to a sell rating in a report on Tuesday, October 8th. BidaskClub raised Cara Therapeutics from a hold rating to a buy rating in a research note on Saturday, November 23rd. HC Wainwright reaffirmed a buy rating and set a $30.00 price objective on shares of Cara Therapeutics in a research note on Tuesday. Finally, Needham & Company LLC reiterated a buy rating and set a $35.00 price objective on shares of Cara Therapeutics in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Cara Therapeutics presently has a consensus rating of Buy and a consensus target price of $26.93.

CARA stock opened at $16.94 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.21 and a quick ratio of 4.21. The company’s 50 day simple moving average is $21.49 and its 200-day simple moving average is $21.62. Cara Therapeutics has a 12 month low of $12.19 and a 12 month high of $27.55. The firm has a market capitalization of $1.04 billion, a PE ratio of -8.22 and a beta of 2.30.

Cara Therapeutics (NASDAQ:CARA) last issued its quarterly earnings data on Tuesday, November 5th. The biopharmaceutical company reported ($0.74) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.59) by ($0.15). The company had revenue of $5.79 million for the quarter, compared to analyst estimates of $5.56 million. Cara Therapeutics had a negative return on equity of 70.35% and a negative net margin of 470.70%. As a group, sell-side analysts anticipate that Cara Therapeutics will post -2.55 earnings per share for the current year.

In related news, Director Jeffrey L. Ives sold 2,500 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $18.21, for a total transaction of $45,525.00. Following the transaction, the director now directly owns 8,500 shares in the company, valued at $154,785. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Derek T. Chalmers sold 5,000 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $20.79, for a total value of $103,950.00. Following the transaction, the chief executive officer now owns 928,468 shares in the company, valued at $19,302,849.72. The disclosure for this sale can be found here. Insiders sold a total of 36,000 shares of company stock valued at $692,495 over the last ninety days. 5.80% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. Metropolitan Life Insurance Co NY grew its holdings in Cara Therapeutics by 16.2% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 13,220 shares of the biopharmaceutical company’s stock valued at $242,000 after buying an additional 1,846 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Cara Therapeutics in the third quarter worth approximately $190,000. Barclays PLC boosted its position in shares of Cara Therapeutics by 91.6% in the third quarter. Barclays PLC now owns 58,527 shares of the biopharmaceutical company’s stock worth $1,070,000 after acquiring an additional 27,977 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Cara Therapeutics in the third quarter valued at approximately $2,780,000. Finally, Penserra Capital Management LLC purchased a new stake in Cara Therapeutics in the third quarter valued at approximately $180,000. 76.08% of the stock is currently owned by hedge funds and other institutional investors.

About Cara Therapeutics

Cara Therapeutics, Inc, a clinical-stage biopharmaceutical company, focuses on developing and commercializing chemical entities with a primary focus on pruritus and pain by selectively targeting kappa opioid receptors in the United States. The company is developing product candidates that target the body's peripheral nervous system and immune cells.

See Also: Buy-Side Analysts

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Cara Therapeutics (NASDAQ:CARA)

Receive News & Ratings for Cara Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cara Therapeutics and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.