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Kura Oncology (NASDAQ:KURA) Rating Increased to Hold at Wall Street Zen

Kura Oncology logo with Medical background
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Key Points

  • Wall Street Zen upgraded Kura Oncology from “strong sell” to “hold”, adding to a mixed but generally constructive analyst backdrop.
  • Other analysts remain largely positive overall: the stock carries a Moderate Buy consensus with a $26.38 average target price, though some firms have trimmed their price targets recently.
  • Kura reported a narrower-than-expected quarterly loss of ($0.83) EPS, but revenue of $18.27 million missed estimates; the company also highlighted early commercial traction for KOMZIFTI with about $5.8 million in first full launch-quarter sales.
  • MarketBeat previews the top five stocks to own by June 1st.

Kura Oncology (NASDAQ:KURA - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "strong sell" rating to a "hold" rating in a report issued on Saturday.

Several other equities research analysts also recently commented on the stock. Wedbush dropped their price objective on shares of Kura Oncology from $38.00 to $36.00 and set an "outperform" rating on the stock in a report on Friday, March 6th. Mizuho dropped their price objective on shares of Kura Oncology from $30.00 to $25.00 and set an "outperform" rating on the stock in a report on Tuesday, March 24th. UBS Group reaffirmed a "buy" rating and set a $15.00 price objective (down from $16.00) on shares of Kura Oncology in a report on Friday, March 13th. Zacks Research upgraded Kura Oncology from a "strong sell" rating to a "hold" rating in a research report on Thursday, February 26th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Kura Oncology in a research report on Tuesday, April 21st. Ten research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Kura Oncology has a consensus rating of "Moderate Buy" and a consensus target price of $26.38.

View Our Latest Research Report on KURA

Kura Oncology Price Performance

NASDAQ KURA opened at $9.22 on Friday. The company has a market cap of $818.46 million, a PE ratio of -2.75 and a beta of 0.32. Kura Oncology has a 52 week low of $5.45 and a 52 week 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 firm's 50-day simple moving average is $8.90 and its two-hundred day simple moving average is $9.47.

Kura Oncology (NASDAQ:KURA - Get Free Report) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($0.83) EPS for the quarter, beating the consensus estimate of ($0.88) by $0.05. The business had revenue of $18.27 million for the quarter, compared to the consensus estimate of $25.97 million. Kura Oncology had a negative net margin of 411.19% and a negative return on equity of 141.95%. Research analysts predict that Kura Oncology will post -3.26 earnings per share for the current year.

Institutional Investors Weigh In On Kura Oncology

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Weiss Asset Management LP bought a new stake in shares of Kura Oncology during the first quarter valued at about $428,000. Pale Fire Capital SE increased its position in shares of Kura Oncology by 89.6% in the first quarter. Pale Fire Capital SE now owns 857,474 shares of the company's stock worth $6,971,000 after purchasing an additional 405,229 shares during the last quarter. Inceptionr LLC bought a new position in shares of Kura Oncology in the first quarter worth approximately $202,000. Knott David M Jr increased its position in shares of Kura Oncology by 34.6% in the first quarter. Knott David M Jr now owns 52,767 shares of the company's stock worth $429,000 after purchasing an additional 13,558 shares during the last quarter. Finally, Sei Investments Co. increased its position in shares of Kura Oncology by 74.0% in the first quarter. Sei Investments Co. now owns 319,266 shares of the company's stock worth $2,596,000 after purchasing an additional 135,818 shares during the last quarter.

Kura Oncology News Summary

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

About Kura Oncology

(Get 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

Analyst Recommendations 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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