Contineum Therapeutics (NASDAQ:CTNM - Get Free Report)'s stock had its "outperform" rating reissued by Royal Bank of Canada in a report released on Thursday,Benzinga reports. They presently have a $31.00 target price on the stock. Royal Bank of Canada's target price indicates a potential upside of 131.86% from the company's previous close.
A number of other research analysts have also commented on the company. Robert W. Baird began coverage on Contineum Therapeutics in a research note on Tuesday, October 22nd. They issued an "outperform" rating and a $32.00 target price for the company. Baird R W raised shares of Contineum Therapeutics to a "strong-buy" rating in a report on Tuesday, October 22nd. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $29.25.
Get Our Latest Stock Analysis on Contineum Therapeutics
NASDAQ:CTNM traded down $0.40 during trading hours on Thursday, hitting $13.37. 198,448 shares of the company traded hands, compared to its average volume of 96,870. Contineum Therapeutics has a twelve month low of $12.33 and a twelve month high of $22.00. The firm has a 50-day moving average of $15.15 and a 200 day moving average of $17.42.
Contineum Therapeutics (NASDAQ:CTNM - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported ($0.40) earnings per share for the quarter, topping analysts' consensus estimates of ($0.41) by $0.01. Analysts anticipate that Contineum Therapeutics will post -2.01 earnings per share for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Sandia Investment Management LP bought a new position in Contineum Therapeutics during the 2nd quarter valued at about $88,000. Rhumbline Advisers bought a new position in shares of Contineum Therapeutics in the second quarter valued at approximately $118,000. BNP Paribas Financial Markets boosted its holdings in shares of Contineum Therapeutics by 1,248.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,743 shares of the company's stock worth $129,000 after acquiring an additional 6,243 shares in the last quarter. Barclays PLC grew its position in Contineum Therapeutics by 248.6% during the 3rd quarter. Barclays PLC now owns 8,308 shares of the company's stock worth $158,000 after acquiring an additional 5,925 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Contineum Therapeutics during the 2nd quarter valued at $356,000.
Contineum Therapeutics, Inc, a clinical stage biopharmaceutical company, focuses on discovering and developing novel oral small molecule therapies for neuroscience, inflammation, and immunology indications with high unmet need. Its lead asset is PIPE-791, a novel, brain penetrant, small molecule inhibitor of the lysophosphatidic acid 1 receptor (LPA1R) for the treatment of idiopathic pulmonary fibrosis and progressive multiple sclerosis (MS).
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