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UBS Group AG Acquires 574,455 Shares of Kura Oncology, Inc. $KURA

Kura Oncology logo with Medical background
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Key Points

  • UBS Group AG sharply increased its stake in Kura Oncology, buying 574,455 additional shares in the fourth quarter and bringing its total holdings to 1,060,025 shares, worth about $11.0 million.
  • Kura Oncology stock fell 5.3% to $9.22, even as the company reported quarterly EPS that beat estimates; however, revenue came in below expectations and losses remain significant.
  • Sentiment around the company is mixed but generally constructive: analysts maintain a Moderate Buy consensus, while news flow highlights an early commercial launch for KOMZIFTI and ongoing pipeline progress toward 2028 topline Phase III results.
  • MarketBeat previews the top five stocks to own by June 1st.

UBS Group AG boosted its holdings in shares of Kura Oncology, Inc. (NASDAQ:KURA - Free Report) by 118.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,060,025 shares of the company's stock after purchasing an additional 574,455 shares during the quarter. UBS Group AG owned about 1.22% of Kura Oncology worth $11,014,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Kura Oncology by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 5,507,627 shares of the company's stock valued at $57,224,000 after purchasing an additional 39,105 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Kura Oncology by 41.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,363 shares of the company's stock valued at $482,000 after purchasing an additional 13,579 shares during the period. Merit Financial Group LLC raised its holdings in Kura Oncology by 124.0% in the 4th quarter. Merit Financial Group LLC now owns 22,499 shares of the company's stock valued at $234,000 after acquiring an additional 12,454 shares in the last quarter. Xcel Wealth Management LLC raised its holdings in Kura Oncology by 16.2% in the 4th quarter. Xcel Wealth Management LLC now owns 118,846 shares of the company's stock valued at $1,235,000 after acquiring an additional 16,525 shares in the last quarter. Finally, CWM LLC raised its holdings in Kura Oncology by 32.3% in the 4th quarter. CWM LLC now owns 156,544 shares of the company's stock valued at $1,626,000 after acquiring an additional 38,181 shares in the last quarter.

Kura Oncology Trading Down 5.3%

Kura Oncology stock opened at $9.22 on Friday. Kura Oncology, Inc. has a 12 month low of $5.45 and a 12 month high of $12.49. The company has a quick ratio of 6.05, a current ratio of 6.15 and a debt-to-equity ratio of 0.09. The business has a 50 day moving average price of $8.90 and a two-hundred day moving average price of $9.47. The stock has a market cap of $818.46 million, a price-to-earnings ratio of -2.75 and a beta of 0.32.

Kura Oncology (NASDAQ:KURA - Get Free Report) last issued its earnings results on Tuesday, May 12th. The company reported ($0.83) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.88) by $0.05. Kura Oncology had a negative return on equity of 141.95% and a negative net margin of 411.19%.The business had revenue of $18.27 million during the quarter, compared to analysts' expectations of $25.97 million. As a group, equities analysts forecast that Kura Oncology, Inc. will post -3.26 EPS for the current year.

Key Headlines Impacting Kura Oncology

Here are the key news stories impacting Kura Oncology this week:

Wall Street Analyst Weigh In

KURA has been the subject of several recent research reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Kura Oncology in a report on Tuesday, April 21st. Wall Street Zen raised Kura Oncology from a "strong sell" rating to a "hold" rating in a report on Saturday. Lake Street Capital initiated coverage on Kura Oncology in a report on Tuesday, April 14th. They issued a "buy" rating and a $23.00 price target for the company. Wedbush cut their price target on Kura Oncology from $38.00 to $36.00 and set an "outperform" rating for the company in a report on Friday, March 6th. Finally, Mizuho cut their price target on Kura Oncology from $30.00 to $25.00 and set an "outperform" rating for the company in a report on Tuesday, March 24th. Ten analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Kura Oncology currently has a consensus rating of "Moderate Buy" and a consensus price target of $26.38.

Check Out Our Latest Analysis on Kura Oncology

About Kura Oncology

(Free Report)

Kura Oncology, Inc NASDAQ: KURA is a clinical-stage biopharmaceutical company focused on the discovery and development of targeted oncology therapies. Headquartered in La Jolla, California, the company leverages expertise in molecular biology and precision medicine to identify key drivers of cancer growth and design small-molecule inhibitors that block those pathways. Kura's research platform integrates genomic insights with medicinal chemistry to advance candidates against well-validated targets in solid tumors and hematologic malignancies.

The company's lead clinical candidate, tipifarnib, is a farnesyltransferase inhibitor being evaluated for the treatment of HRAS-mutant head and neck squamous cell carcinoma and various non-small cell lung cancers.

Read More

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Institutional Ownership by Quarter for Kura Oncology (NASDAQ:KURA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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