Rafferty Asset Management LLC Sells 25,709 Shares of Celcuity Inc. (NASDAQ:CELC)

Rafferty Asset Management LLC cut its position in shares of Celcuity Inc. (NASDAQ:CELC - Free Report) by 45.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,878 shares of the company's stock after selling 25,709 shares during the period. Rafferty Asset Management LLC owned approximately 0.08% of Celcuity worth $404,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. raised its position in Celcuity by 49.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,421 shares of the company's stock valued at $45,000 after purchasing an additional 1,132 shares during the period. Aquatic Capital Management LLC purchased a new stake in Celcuity during the fourth quarter valued at approximately $50,000. The Manufacturers Life Insurance Company purchased a new stake in Celcuity during the fourth quarter valued at approximately $142,000. Bleakley Financial Group LLC purchased a new stake in Celcuity during the fourth quarter valued at approximately $146,000. Finally, Trexquant Investment LP purchased a new stake in Celcuity during the fourth quarter valued at approximately $152,000. 63.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CELC shares. Needham & Company LLC reiterated a "buy" rating and issued a $29.00 price target on shares of Celcuity in a report on Thursday, May 15th. HC Wainwright reiterated a "buy" rating and issued a $27.00 price target on shares of Celcuity in a report on Monday, May 19th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $30.80.

Celcuity Trading Up 1.0%

CELC traded up $0.10 during trading on Tuesday, hitting $10.54. 125,086 shares of the stock were exchanged, compared to its average volume of 298,751. The firm has a 50 day simple moving average of $10.19 and a 200 day simple moving average of $11.43. The firm has a market cap of $399.11 million, a price-to-earnings ratio of -4.04 and a beta of 0.56. Celcuity Inc. has a 1 year low of $7.58 and a 1 year high of $19.77. The company has a debt-to-equity ratio of 0.65, a quick ratio of 10.36 and a current ratio of 10.35.

Celcuity (NASDAQ:CELC - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported ($0.86) EPS for the quarter, topping the consensus estimate of ($0.95) by $0.09. As a group, equities analysts expect that Celcuity Inc. will post -2.62 EPS for the current year.

Celcuity Company Profile

Celcuity Inc, a clinical stage biotechnology company, focuses on the development of targeted therapies for the treatment of various solid tumors in the United States. The company's CELsignia diagnostic platform uses a patient's living tumor cells to identify the specific abnormal cellular process driving a patient's cancer and the related targeted therapy for the treatment.