Shares of Capricor Therapeutics, Inc. (NASDAQ:CAPR - Get Free Report) have received a consensus rating of "Moderate Buy" from the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and nine have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $46.0909.
Several research analysts have recently commented on CAPR shares. Wall Street Zen lowered Capricor Therapeutics from a "hold" rating to a "sell" rating in a report on Sunday, January 11th. Weiss Ratings reissued a "sell (e+)" rating on shares of Capricor Therapeutics in a report on Monday, December 29th. Cantor Fitzgerald set a $62.00 price objective on Capricor Therapeutics and gave the stock an "overweight" rating in a report on Friday, March 13th. HC Wainwright reissued a "buy" rating and set a $60.00 price objective on shares of Capricor Therapeutics in a report on Tuesday, March 10th. Finally, B. Riley Financial boosted their price objective on Capricor Therapeutics from $50.00 to $63.00 and gave the stock a "buy" rating in a report on Friday, March 13th.
Get Our Latest Research Report on CAPR
Capricor Therapeutics Stock Up 0.5%
CAPR stock opened at $34.72 on Wednesday. The firm has a market capitalization of $2.01 billion, a PE ratio of -15.36 and a beta of 0.48. Capricor Therapeutics has a twelve month low of $4.30 and a twelve month high of $40.37. The stock has a 50-day simple moving average of $28.70 and a two-hundred day simple moving average of $20.47.
Capricor Therapeutics (NASDAQ:CAPR - Get Free Report) last posted its earnings results on Thursday, March 12th. The biotechnology company reported ($0.62) earnings per share for the quarter, missing analysts' consensus estimates of ($0.51) by ($0.11). On average, equities research analysts anticipate that Capricor Therapeutics will post -1.21 EPS for the current fiscal year.
Insiders Place Their Bets
In other Capricor Therapeutics news, CFO Anthony Bergmann sold 25,000 shares of the firm's stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $30.13, for a total transaction of $753,250.00. Following the sale, the chief financial officer owned 8,223 shares in the company, valued at $247,758.99. This trade represents a 75.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Karimah Es Sabar sold 61,265 shares of the firm's stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $30.17, for a total value of $1,848,365.05. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 147,529 shares of company stock worth $4,509,940. 10.50% of the stock is owned by insiders.
Institutional Investors Weigh In On Capricor Therapeutics
A number of large investors have recently added to or reduced their stakes in CAPR. Farther Finance Advisors LLC purchased a new stake in Capricor Therapeutics in the third quarter worth approximately $28,000. Parkside Financial Bank & Trust purchased a new stake in Capricor Therapeutics in the third quarter worth approximately $36,000. Russell Investments Group Ltd. boosted its stake in Capricor Therapeutics by 122.2% in the third quarter. Russell Investments Group Ltd. now owns 5,066 shares of the biotechnology company's stock worth $37,000 after buying an additional 2,786 shares in the last quarter. ACT Capital Management LLC purchased a new stake in Capricor Therapeutics in the fourth quarter worth approximately $43,000. Finally, GoalVest Advisory LLC purchased a new stake in Capricor Therapeutics in the fourth quarter worth approximately $59,000. Hedge funds and other institutional investors own 21.68% of the company's stock.
Capricor Therapeutics Company Profile
(
Get Free Report)
Capricor Therapeutics, Inc is a clinical-stage biotechnology company focused on the development of cell and exosome-based therapeutics for cardiovascular and rare diseases. Headquartered in Beverly Hills, California, the company leverages proprietary cardiosphere-derived cell (CDC) technology to address conditions characterized by inflammation, fibrosis, and tissue degeneration. Since its founding, Capricor has advanced its lead candidate through multiple clinical trials and has built a pipeline that spans both cell therapy and extracellular vesicle (exosome) platforms.
The company's leading product candidate, CAP-1002, comprises allogeneic CDCs and is being evaluated in indications such as Duchenne muscular dystrophy (DMD) and COVID-19-related heart injury.
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