Cidara Therapeutics Company Profile (NASDAQ:CDTX)

About Cidara Therapeutics (NASDAQ:CDTX)

Cidara Therapeutics logoCidara Therapeutics, Inc., formerly K2 Therapeutics, Inc., is a clinical-stage biotechnology company. The Company is engaged in the discovery, development and commercialization of anti-infectives. It is developing a pipeline of product and development candidates with a focus on serious fungal infections. Its product portfolio consists of over two formulations of its echinocandin, CD101. CD101 IV is a long-acting therapy for the treatment and prevention of serious, invasive fungal infections. CD101 topical, its second product candidate, is being developed for the treatment of vulvovaginal candidiasis (VVC) and recurrent VVC (RVVC), a prevalent mucosal infection. Its immunotherapy technology platform, Cloudbreak, is used to create compounds designed to direct a patient's immune cells to attack and eliminate pathogens that cause infectious disease. The Company is also developing CD201, its bispecific antimicrobial immunotherapy.

Industry, Sector and Symbol:
  • Sector: Medical
  • Industry: Biotechnology
  • Sub-Industry: N/A
  • Symbol: NASDAQ:CDTX
  • CUSIP: N/A
  • Web: www.cidara.com
Capitalization:
  • Market Cap: $111.76 million
  • Outstanding Shares: 16,806,000
Average Prices:
  • 50 Day Moving Avg: $7.10
  • 200 Day Moving Avg: $8.87
  • 52 Week Range: $6.10 - $12.95
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -2.00
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: N/A
  • Price / Sales: N/A
  • Book Value: $4.52 per share
  • Price / Book: 1.47
Profitability:
  • EBIDTA: ($51,200,000.00)
  • Return on Equity: -48.80%
  • Return on Assets: -45.76%
Debt:
  • Current Ratio: 9.79%
  • Quick Ratio: 9.79%
Misc:
  • Average Volume: 103,315 shs.
  • Beta: 2.35
  • Short Ratio: 3.3
 

Frequently Asked Questions for Cidara Therapeutics (NASDAQ:CDTX)

What is Cidara Therapeutics' stock symbol?

Cidara Therapeutics trades on the NASDAQ under the ticker symbol "CDTX."

How were Cidara Therapeutics' earnings last quarter?

Cidara Therapeutics Inc (NASDAQ:CDTX) posted its earnings results on Wednesday, May, 10th. The company reported ($0.80) earnings per share for the quarter, beating the consensus estimate of ($0.90) by $0.10. View Cidara Therapeutics' Earnings History.

Where is Cidara Therapeutics' stock going? Where will Cidara Therapeutics' stock price be in 2017?

10 brokers have issued 1 year target prices for Cidara Therapeutics' shares. Their forecasts range from $7.25 to $20.00. On average, they anticipate Cidara Therapeutics' share price to reach $13.25 in the next year. View Analyst Ratings for Cidara Therapeutics.

What are analysts saying about Cidara Therapeutics stock?

Here are some recent quotes from research analysts about Cidara Therapeutics stock:

  • 1. According to Zacks Investment Research, "Cidara Therapeutics, Inc. is a biotechnology company. The company is focused on the discovery, development and commercialization of novel anti-infectives. Its product pipeline includes CD101 IV, a long-acting echinocandin antifungal, CD101 topical and C001 which are in different clinical trial. The company developed its product using Cloudbreak(TM) immunotherapy platform. Cidara Therapeutics, Inc. is headquartered in San Diego, California. " (4/13/2017)
  • 2. Needham & Company LLC analysts commented, "Cidara mgmt provided a corporate update at an Investor Day in NYC last week and we separately hosted a series of mtgs w/ investors. Mgmt reiterated guidance for top-line results from ongoing Phase 2 trial of CD101 in Invasive Candida infections in 4Q17. The trial is expected to serve as the first of two registration trials. Given discontinuation of CD101 Vulvovaginal Candidiasis program, mgmt introduced plans to instead accelerate development in antifungal prophylaxis. KOLs highlighted differentiation from other echinocandins, w/ emphasis on PK/PD profile and opportunity for better clinical outcomes. New details around Cloudbreak candidates were also announced, although clinical testing not expected until 2018. Stock is attractive ahead of Phase 2 CD101 results later this year (EV $15M)." (4/10/2017)
  • 3. Cantor Fitzgerald analysts commented, "PD/PK Data Points to Success in Phase 2: Presentations reviewed the potency of CD101 against Candida and Aspergillus species as well as broad and sustained tissue distribution. We found the PK/PD optimized dosing data persuasive as it clearly demonstrates, effective AUC/MIC levels at the 400mg once-weekly over three weeks and 400mg loading dose followed by 200mg once weekly for two weeks, paralleling the two dosing regimens being studied in the Phase 2. We also note the potential for subcutaneous dosing, which could enhance the commercial story. We have increased our probability of success from 45% to 50%. Breadth of Cloudbreak Platform Highlighted: In addition to the antibacterial CD201, currently working through pre-IND studies, early in vivo/in vitro data was presented on a new antifungal asset." (4/7/2017)
  • 4. HC Wainwright analysts commented, "This is why there are still no topical echinocandins. Yesterday, before markets opened, Cidara reported results of the Phase 2 RADIANT study in women with vulvovaginal candidiasis (VVC) in which neither topical formulation of CD101 (gel or ointment) achieved efficacy levels comparable to standard of care (SOC) oral fluconazole. As a result, Cidara has discontinued further development of topical CD101 for VVC. The outcome of RADIANT came as a surprise to both management and us, given the potent fungicidal properties of CD101 demonstrated in vitro (even at vaginal pH of 4.0), and that both formulations had outperformed fluconazole in preclinical models' Focus now squarely on STRIVE readout in 4Q17. Recall, STRIVE is a POC Phase 2 candidemia study of CD101 IV vs. Cancidas (IV caspofungin; the leading on-market echinocandin) followed by oral fluconazole step-down (NCT02734862). Coprimary efficacy endpoints are mycological eradication (laboratory cure) and resolution of systemic signs of candidemia (clinical cure)." (2/22/2017)

Who are some of Cidara Therapeutics' key competitors?

When did Cidara Therapeutics IPO?

(CDTX) raised $60 million in an initial public offering (IPO) on Wednesday, April 15th 2015. The company issued 4,000,000 shares at $14.00-$16.00 per share. Jefferies and Leerink Partners acted as the underwriters for the IPO and Wedbush PacGrow Life Sciences, Needham and BTIG were co-managers.

Who owns Cidara Therapeutics stock?

Cidara Therapeutics' stock is owned by a number of of retail and institutional investors. Top institutional investors include FMR LLC (8.76%), Frazier Management LLC (7.81%), BB Biotech AG (6.21%), Aisling Capital LLC (6.08%), Perceptive Advisors LLC (4.92%) and Broadfin Capital LLC (3.35%). Company insiders that own Cidara Therapeutics stock include Jeffrey Stein and Kevin Forrest. View Institutional Ownership Trends for Cidara Therapeutics.

Who sold Cidara Therapeutics stock? Who is selling Cidara Therapeutics stock?

Cidara Therapeutics' stock was sold by a variety of institutional investors in the last quarter, including Sabby Management LLC, Omega Fund Management LLC, Morgan Stanley and Renaissance Technologies LLC. View Insider Buying and Selling for Cidara Therapeutics.

Who bought Cidara Therapeutics stock? Who is buying Cidara Therapeutics stock?

Cidara Therapeutics' stock was bought by a variety of institutional investors in the last quarter, including Tekla Capital Management LLC, West Family Investments Inc., Perceptive Advisors LLC, Spark Investment Management LLC, JPMorgan Chase & Co., Vanguard Group Inc., Teachers Advisors LLC and Bank of New York Mellon Corp. Company insiders that have bought Cidara Therapeutics stock in the last two years include Jeffrey Stein and Kevin Forrest. View Insider Buying and Selling for Cidara Therapeutics.

How do I buy Cidara Therapeutics stock?

Shares of Cidara Therapeutics can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Cidara Therapeutics stock cost?

One share of Cidara Therapeutics stock can currently be purchased for approximately $6.65.

Analyst Ratings

Consensus Ratings for Cidara Therapeutics (NASDAQ:CDTX) (?)
Ratings Breakdown: 1 Hold Rating, 8 Buy Ratings, 1 Strong Buy Rating
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $13.25 (99.25% upside)

Analysts' Ratings History for Cidara Therapeutics (NASDAQ:CDTX)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/16/2017WedbushReiterated RatingOutperform$13.00LowView Rating Details
5/11/2017Cantor FitzgeraldSet Price TargetBuy$11.00LowView Rating Details
4/29/2017BTIG ResearchReiterated RatingBuy$15.00 -> $20.00LowView Rating Details
4/20/2017Raymond James Financial, Inc.Initiated CoverageStrong-Buy$14.00HighView Rating Details
4/17/2017HC WainwrightReiterated RatingBuy -> Buy$18.00 -> $14.00MediumView Rating Details
4/12/2017Ladenburg Thalmann Financial ServicesInitiated CoverageBuy -> Buy$11.25LowView Rating Details
4/10/2017Needham & Company LLCReiterated RatingBuy$10.00MediumView Rating Details
3/24/2017Jefferies Group LLCReiterated RatingBuy$15.00HighView Rating Details
2/22/2017WBB SecuritiesUpgradeSell -> Hold$7.25N/AView Rating Details
12/21/2016Leerink SwannInitiated CoverageOutperform$17.00N/AView Rating Details
(Data available from 5/24/2015 forward)

Earnings

Earnings History for Cidara Therapeutics (NASDAQ:CDTX)
Earnings by Quarter for Cidara Therapeutics (NASDAQ:CDTX)
Earnings History by Quarter for Cidara Therapeutics (NASDAQ:CDTX)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/10/2017Q1 2017($0.90)($0.80)ViewN/AView Earnings Details
3/15/2017Q4 2016($0.79)($0.88)ViewN/AView Earnings Details
11/10/2016Q3 2016($0.89)($0.88)ViewN/AView Earnings Details
8/11/2016Q2($0.76)($0.85)ViewN/AView Earnings Details
5/12/2016Q1($0.76)($0.71)ViewN/AView Earnings Details
3/18/2016Q4 2015($0.70)($0.72)ViewN/AView Earnings Details
11/16/2015Q3($0.57)($0.67)ViewListenView Earnings Details
8/11/2015Q2 2015($0.59)($0.59)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Cidara Therapeutics (NASDAQ:CDTX)
2017 EPS Consensus Estimate: ($3.45)
2018 EPS Consensus Estimate: ($2.78)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172($0.93)($0.87)($0.90)
Q2 20172($0.89)($0.79)($0.84)
Q3 20172($0.91)($0.86)($0.89)
Q4 20172($0.94)($0.71)($0.83)
Q1 20181($0.73)($0.73)($0.73)
Q2 20181($0.74)($0.74)($0.74)
Q3 20181($0.76)($0.76)($0.76)
Q4 20181($0.55)($0.55)($0.55)
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Cidara Therapeutics (NASDAQ:CDTX)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Cidara Therapeutics (NASDAQ:CDTX)
Insider Ownership Percentage: 22.20%
Institutional Ownership Percentage: 47.34%
Insider Trades by Quarter for Cidara Therapeutics (NASDAQ:CDTX)
Institutional Ownership by Quarter for Cidara Therapeutics (NASDAQ:CDTX)
Insider Trades by Quarter for Cidara Therapeutics (NASDAQ:CDTX)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/31/2017Jeffrey SteinCEOBuy12,900$7.75$99,975.00View SEC Filing  
3/31/2017Kevin ForrestInsiderBuy12,500$7.75$96,875.00View SEC Filing  
5/20/2016Jeffrey SteinCEOBuy4,310$11.51$49,608.10View SEC Filing  
5/20/2016Kevin ForrestCFOBuy4,356$11.53$50,224.68View SEC Filing  
11/25/2015Jeffrey SteinCEOBuy6,700$15.09$101,103.00View SEC Filing  
11/23/2015Kevin ForrestCFOBuy7,087$14.23$100,848.01View SEC Filing  
4/20/2015Timothy R FransonDirectorBuy4,000$16.00$64,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Cidara Therapeutics (NASDAQ:CDTX)
Latest Headlines for Cidara Therapeutics (NASDAQ:CDTX)
Source:
DateHeadline
americanbankingnews.com logoCidara Therapeutics Inc (CDTX) Earns Outperform Rating from Wedbush
www.americanbankingnews.com - May 16 at 8:14 AM
americanbankingnews.com logoCidara Therapeutics Inc (CDTX) Given Average Recommendation of "Buy" by Analysts
www.americanbankingnews.com - May 15 at 2:46 PM
americanbankingnews.com logoCidara Therapeutics Inc (CDTX) Given a $11.00 Price Target at Cantor Fitzgerald
www.americanbankingnews.com - May 13 at 6:26 PM
americanbankingnews.com logoCidara Therapeutics Inc (CDTX) Issues Quarterly Earnings Results, Beats Estimates By $0.10 EPS
www.americanbankingnews.com - May 10 at 10:58 PM
finance.yahoo.com logoCidara Provides Corporate Update and Reports First Quarter 2017 Financial Results
finance.yahoo.com - May 10 at 9:27 PM
finance.yahoo.com logoCidara Therapeutics reports 1Q loss
finance.yahoo.com - May 10 at 9:27 PM
finance.yahoo.com logoIs a Surprise Coming for Cidara Therapeutics (CDTX) This Earnings Season?
finance.yahoo.com - May 10 at 4:25 PM
americanbankingnews.com logoCidara Therapeutics Inc (CDTX) Expected to Post Earnings of -$0.88 Per Share
www.americanbankingnews.com - May 3 at 6:02 PM
americanbankingnews.com logoCidara Therapeutics (CDTX) Earning Somewhat Positive Press Coverage, Report Finds
www.americanbankingnews.com - May 2 at 12:52 PM
americanbankingnews.com logoCidara Therapeutics Inc (CDTX) Stock Rating Reaffirmed by BTIG Research
www.americanbankingnews.com - April 29 at 9:57 PM
americanbankingnews.com logoCidara Therapeutics (CDTX) Earning Somewhat Positive Media Coverage, Analysis Finds
www.americanbankingnews.com - April 29 at 2:03 PM
americanbankingnews.com logoCidara Therapeutics (CDTX) Earns Daily Media Sentiment Score of 0.16
www.americanbankingnews.com - April 26 at 10:18 PM
finance.yahoo.com logoCidara Therapeutics Announces Promotion of Taylor Sandison, M.D., M.P.H., to Chief Medical Officer
finance.yahoo.com - April 25 at 12:19 PM
americanbankingnews.com logoCantor Fitzgerald Reaffirms "Buy" Rating for Cidara Therapeutics Inc (CDTX)
www.americanbankingnews.com - April 24 at 11:20 PM
americanbankingnews.com logoCidara Therapeutics (CDTX) Given Daily Media Impact Rating of 0.04
www.americanbankingnews.com - April 23 at 2:57 PM
americanbankingnews.com logoCidara Therapeutics Inc (CDTX) Now Covered by Analysts at Raymond James Financial, Inc.
www.americanbankingnews.com - April 20 at 6:59 PM
americanbankingnews.com logoCidara Therapeutics (CDTX) Given Coverage Optimism Score of 0.19
www.americanbankingnews.com - April 20 at 4:08 PM
americanbankingnews.com logoCidara Therapeutics Inc (CDTX) Given Consensus Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - April 18 at 3:03 PM
americanbankingnews.com logoCidara Therapeutics (CDTX) Earning Positive Press Coverage, Study Shows
www.americanbankingnews.com - April 17 at 2:52 PM
finance.yahoo.com logoCidara Therapeutics to Present Data on Novel Antifungal CD101 and Cloudbreak Antibacterial Immunotherapy at ECCMID and SID Annual Meetings
finance.yahoo.com - April 17 at 12:15 PM
americanbankingnews.com logoCidara Therapeutics Inc (CDTX) Sees Large Growth in Short Interest
www.americanbankingnews.com - April 17 at 10:48 AM
americanbankingnews.com logoHC Wainwright Cuts Cidara Therapeutics Inc (CDTX) Price Target to $14.00
www.americanbankingnews.com - April 17 at 9:18 AM
americanbankingnews.com logoCidara Therapeutics (CDTX) Earns Daily Coverage Optimism Rating of 0.20
www.americanbankingnews.com - April 14 at 9:18 AM
americanbankingnews.com logoCidara Therapeutics' (CDTX) Outperform Rating Reiterated at Wedbush
www.americanbankingnews.com - April 14 at 7:44 AM
americanbankingnews.com logoLadenburg Thalmann Financial Services Begins Coverage on Cidara Therapeutics Inc (CDTX)
www.americanbankingnews.com - April 13 at 11:14 PM
americanbankingnews.com logoZacks Investment Research Upgrades Cidara Therapeutics Inc (CDTX) to "Hold"
www.americanbankingnews.com - April 13 at 6:50 PM
americanbankingnews.com logoWedbush Weighs in on Cidara Therapeutics Inc's Q1 2017 Earnings (CDTX)
www.americanbankingnews.com - April 13 at 8:06 AM
americanbankingnews.com logoCidara Therapeutics Inc (CDTX) Expected to Announce Earnings of -$0.85 Per Share
www.americanbankingnews.com - April 12 at 2:31 PM
americanbankingnews.com logoWedbush Weighs in on Cidara Therapeutics Inc's Q1 2018 Earnings (CDTX)
www.americanbankingnews.com - April 12 at 2:08 PM
americanbankingnews.com logoCidara Therapeutics' (CDTX) "Outperform" Rating Reiterated at Wedbush
www.americanbankingnews.com - April 10 at 9:38 PM
americanbankingnews.com logoCidara Therapeutics' (CDTX) Buy Rating Reiterated at Needham & Company LLC
www.americanbankingnews.com - April 10 at 12:32 PM
americanbankingnews.com logoCidara Therapeutics Inc (CDTX) Stock Rating Reaffirmed by Cantor Fitzgerald
www.americanbankingnews.com - April 8 at 12:02 AM
americanbankingnews.com logoJeffrey Stein Buys 12,900 Shares of Cidara Therapeutics Inc (CDTX) Stock
www.americanbankingnews.com - April 4 at 8:58 PM
americanbankingnews.com logoCidara Therapeutics Inc (CDTX) Insider Purchases $96,875.00 in Stock
www.americanbankingnews.com - April 4 at 8:58 PM
biz.yahoo.com logoCIDARA THERAPEUTICS, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement
biz.yahoo.com - March 31 at 9:23 PM
streetinsider.com logoCidara Therapeutics (CDTX) Secures $6.9M Grant from CARB-X
www.streetinsider.com - March 31 at 2:39 AM
us.rd.yahoo.com logoCidara Therapeutics Awarded $6.9 Million Grant from CARB-X to Advance Development of its First CloudbreakTM Antibiotic Immunotherapy
us.rd.yahoo.com - March 30 at 4:38 PM
finance.yahoo.com logoCidara Therapeutics to Host Investor Day on April 6, 2017
finance.yahoo.com - March 29 at 12:21 PM
americanbankingnews.com logoCidara Therapeutics' (CDTX) "Buy" Rating Reaffirmed at Jefferies Group LLC
www.americanbankingnews.com - March 25 at 7:50 AM
americanbankingnews.com logoCidara Therapeutics Inc (CDTX) Receives Average Rating of "Buy" from Brokerages
www.americanbankingnews.com - March 24 at 1:32 PM
americanbankingnews.com logoCidara Therapeutics Inc (CDTX) Downgraded by Zacks Investment Research to Sell
www.americanbankingnews.com - March 24 at 11:58 AM
finance.yahoo.com logoArbutus Announces Appointment of Daniel Burgess to Board of Directors
finance.yahoo.com - March 23 at 4:37 PM
americanbankingnews.com logoCidara Therapeutics Inc (CDTX) Receives Buy Rating from Needham & Company LLC
www.americanbankingnews.com - March 22 at 8:17 AM
finance.yahoo.com logoCIDARA THERAPEUTICS, INC. Financials
finance.yahoo.com - March 21 at 4:31 PM
americanbankingnews.com logoCidara Therapeutics Inc (CDTX) Downgraded by Zacks Investment Research
www.americanbankingnews.com - March 20 at 5:37 PM
americanbankingnews.com logoLeerink Swann Weighs in on Cidara Therapeutics Inc’s Q1 2017 Earnings (CDTX)
www.americanbankingnews.com - March 20 at 9:55 AM
americanbankingnews.com logoCidara Therapeutics Inc (CDTX) Rating Reiterated by Needham & Company LLC
www.americanbankingnews.com - March 16 at 10:21 PM
americanbankingnews.com logoCantor Fitzgerald Weighs in on Cidara Therapeutics Inc’s FY2016 Earnings (CDTX)
www.americanbankingnews.com - March 9 at 10:48 AM
us.rd.yahoo.com logoCidara Therapeutics upgraded by WBB Securities
us.rd.yahoo.com - February 23 at 4:11 PM
us.rd.yahoo.com logoCidara Yeast Infection Gelm Fails Phase 2 Trial
us.rd.yahoo.com - February 23 at 4:11 PM

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Cidara Therapeutics (CDTX) Chart for Wednesday, May, 24, 2017

This page was last updated on 5/24/2017 by MarketBeat.com Staff