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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
pixel
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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
pixel
pixel
pixel
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
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Celldex Therapeutics (NASDAQ:CLDX) Price Target Raised to $35.00 at Cantor Fitzgerald

Tuesday, February 23, 2021 | MarketBeat

Celldex Therapeutics (NASDAQ:CLDX) had its price target boosted by equities research analysts at Cantor Fitzgerald from $22.00 to $35.00 in a research report issued to clients and investors on Tuesday, The Fly reports. The firm presently has an "overweight" rating on the biopharmaceutical company's stock. Cantor Fitzgerald's price target points to a potential upside of 23.89% from the company's previous close.

Separately, Lifesci Capital reissued an "outperform" rating on shares of Celldex Therapeutics in a research report on Tuesday, November 17th.

Shares of CLDX stock opened at $28.25 on Tuesday. The company's 50-day moving average price is $20.90 and its 200-day moving average price is $16.91. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -12.67 and a beta of 2.96. Celldex Therapeutics has a twelve month low of $1.50 and a twelve month high of $29.30.

In other Celldex Therapeutics news, VP Richard M. Wright sold 20,832 shares of the business's stock in a transaction dated Monday, December 14th. The shares were sold at an average price of $18.61, for a total transaction of $387,683.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.40% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the business. Pacer Advisors Inc. purchased a new stake in shares of Celldex Therapeutics during the fourth quarter worth approximately $64,000. Prospera Financial Services Inc acquired a new position in Celldex Therapeutics in the third quarter valued at approximately $55,000. Arizona State Retirement System acquired a new position in Celldex Therapeutics in the fourth quarter valued at approximately $199,000. HC Advisors LLC acquired a new position in Celldex Therapeutics in the third quarter valued at approximately $187,000. Finally, Virtus ETF Advisers LLC acquired a new position in Celldex Therapeutics in the fourth quarter valued at approximately $283,000. Institutional investors own 80.15% of the company's stock.

Celldex Therapeutics Company Profile

Celldex Therapeutics, Inc, a biopharmaceutical company, focuses on the development and commercialization of immunotherapies and other cancer-targeting biologics. It develops CDX-1140, an agonist human monoclonal antibody, which is being studied as a single-agent and in combination with CDX-301 in a Phase I dose-escalation study in metastatic solid tumors and B cell lymphomas; CDX-3379, a monoclonal antibody designed to block the activity of ErbB3 that is in an early Phase II study in advanced head and neck squamous cell cancer in combination with Erbitux; CDX-0159, a Phase I monoclonal antibody that binds the KIT receptor and inhibits its activity; and CDX-527, a bispecific antibody that uses anti-PD-L1 and CD27 human antibodies to couple CD27 co-stimulation with blockade of the PD-L1/PD-1 pathway.

Read More: Systematic Risk and Investors

The Fly

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]


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