Zacks Investment Research downgraded shares of Kura Oncology, Inc. (NASDAQ:KURA) from a buy rating to a hold rating in a research report report published on Wednesday, October 18th.
According to Zacks, “Kura Oncology, Inc. is a biopharmaceutical company. The company is involved in the discovery and development of therapeutics for the treatment of tumors and blood cancers. Its product pipeline includes small molecule drug candidates which are in different clinical trial consists of Tipifarnib-HRAS, Tipifarnib-PTCL, ERK inhibitor program and Menin MLL inhibitor program. Kura Oncology, Inc. is headquartered in La Jolla, California. “
A number of other analysts have also weighed in on KURA. Oppenheimer Holdings, Inc. reiterated an outperform rating and issued a $16.00 price objective on shares of Kura Oncology in a research note on Wednesday, June 28th. Citigroup Inc. set a $13.00 price objective on shares of Kura Oncology and gave the stock a buy rating in a research note on Tuesday, August 8th. Leerink Swann reiterated an outperform rating and issued a $18.00 price objective (up previously from $16.00) on shares of Kura Oncology in a research note on Thursday, August 10th. ValuEngine lowered shares of Kura Oncology from a hold rating to a sell rating in a research note on Friday, September 1st. Finally, Cowen and Company started coverage on shares of Kura Oncology in a research note on Thursday, September 7th. They issued an outperform rating on the stock. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $16.00.
Shares of Kura Oncology (NASDAQ KURA) traded down $0.15 during mid-day trading on Wednesday, reaching $14.80. The company’s stock had a trading volume of 276,355 shares, compared to its average volume of 375,567. The company has a current ratio of 10.80, a quick ratio of 10.79 and a debt-to-equity ratio of 0.16. Kura Oncology has a 12 month low of $4.00 and a 12 month high of $15.70.
Kura Oncology (NASDAQ:KURA) last issued its quarterly earnings results on Monday, August 7th. The company reported ($0.40) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.43) by $0.03. equities research analysts expect that Kura Oncology will post -1.54 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Wisconsin Investment Board purchased a new stake in Kura Oncology during the second quarter worth $102,000. Oppenheimer & Co. Inc. boosted its holdings in Kura Oncology by 14.7% during the first quarter. Oppenheimer & Co. Inc. now owns 12,500 shares of the company’s stock worth $110,000 after buying an additional 1,600 shares in the last quarter. Rhumbline Advisers purchased a new stake in Kura Oncology during the second quarter worth $131,000. Nationwide Fund Advisors purchased a new stake in Kura Oncology during the first quarter worth $136,000. Finally, New York State Common Retirement Fund purchased a new stake in Kura Oncology during the second quarter worth $142,000. 40.56% of the stock is currently owned by hedge funds and other institutional investors.
About Kura Oncology
Kura Oncology, Inc is a clinical-stage biopharmaceutical company. The Company is engaged in discovering and developing personalized therapeutics for the treatment of solid tumors and blood cancers. Its segment is engaged in the discovery and development of personalized therapeutics for the treatment of solid tumors and blood cancers.
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