Capricor Therapeutics, Inc. (NASDAQ:CAPR - Get Free Report)'s share price shot up 9.7% on Monday . The company traded as high as $35.99 and last traded at $34.2350. 1,310,929 shares were traded during trading, a decline of 1% from the average session volume of 1,330,564 shares. The stock had previously closed at $31.20.
Analysts Set New Price Targets
A number of research firms have recently weighed in on CAPR. HC Wainwright reaffirmed a "buy" rating and set a $60.00 price objective on shares of Capricor Therapeutics in a research report on Tuesday, March 10th. UBS Group set a $50.00 price objective on Capricor Therapeutics in a research report on Monday, December 15th. Cantor Fitzgerald set a $62.00 price objective on Capricor Therapeutics and gave the stock an "overweight" rating in a research report on Friday, March 13th. Wall Street Zen lowered Capricor Therapeutics from a "hold" rating to a "sell" rating in a research report on Sunday, January 11th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $58.00 price objective (up from $45.00) on shares of Capricor Therapeutics in a research report on Friday, March 13th. Nine equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Capricor Therapeutics currently has an average rating of "Moderate Buy" and an average target price of $46.09.
Check Out Our Latest Report on CAPR
Capricor Therapeutics Price Performance
The business's 50 day moving average is $28.27 and its 200 day moving average is $20.08. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of -15.24 and a beta of 0.48.
Capricor Therapeutics (NASDAQ:CAPR - Get Free Report) last issued its earnings results on Thursday, March 12th. The biotechnology company reported ($0.62) EPS for the quarter, missing analysts' consensus estimates of ($0.51) by ($0.11). As a group, analysts forecast that Capricor Therapeutics, Inc. will post -1.21 earnings per share for the current year.
Insiders Place Their Bets
In related news, CFO Anthony Bergmann sold 25,000 shares of the business's stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $30.13, for a total transaction of $753,250.00. Following the completion of the transaction, the chief financial officer owned 8,223 shares in the company, valued at approximately $247,758.99. The trade was a 75.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Karimah Es Sabar sold 61,265 shares of the business's stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $30.17, for a total transaction of $1,848,365.05. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 147,529 shares of company stock valued at $4,509,940. Insiders own 10.50% of the company's stock.
Hedge Funds Weigh In On Capricor Therapeutics
Large investors have recently bought and sold shares of the stock. ACT Capital Management LLC acquired a new position in Capricor Therapeutics in the fourth quarter valued at $43,000. GoalVest Advisory LLC acquired a new position in Capricor Therapeutics in the fourth quarter valued at $59,000. Allworth Financial LP boosted its stake in Capricor Therapeutics by 5,021.5% in the fourth quarter. Allworth Financial LP now owns 3,329 shares of the biotechnology company's stock valued at $96,000 after acquiring an additional 3,264 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in Capricor Therapeutics in the third quarter valued at $28,000. Finally, State of Wyoming boosted its stake in Capricor Therapeutics by 76.0% in the fourth quarter. State of Wyoming now owns 4,429 shares of the biotechnology company's stock valued at $128,000 after acquiring an additional 1,913 shares in the last quarter. Institutional investors and hedge funds own 21.68% of the company's stock.
About Capricor Therapeutics
(
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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