Cytokinetics, Incorporated Company Profile (NASDAQ:CYTK)

Cytokinetics, Incorporated trades on the NASDAQ under the ticker symbol "CYTK."

Cytokinetics, Incorporated (NASDAQ:CYTK) posted its quarterly earnings results on Wednesday, August, 2nd. The company reported ($0.60) EPS for the quarter, missing analysts' consensus estimates of ($0.57) by $0.03. The company earned $3.05 million during the quarter, compared to the consensus estimate of $5.28 million. Cytokinetics, Incorporated had a negative return on equity of 14.15% and a negative net margin of 16.00%. View Cytokinetics, Incorporated's Earnings History.

Cytokinetics, Incorporated is scheduled to release their next quarterly earnings announcement on Wednesday, October, 25th 2017. View Earnings Estimates for Cytokinetics, Incorporated.

10 equities research analysts have issued 1-year price targets for Cytokinetics, Incorporated's stock. Their forecasts range from $15.00 to $26.00. On average, they anticipate Cytokinetics, Incorporated's share price to reach $22.00 in the next year. View Analyst Ratings for Cytokinetics, Incorporated.

Here are some recent quotes from research analysts about Cytokinetics, Incorporated stock:

• 1. Cantor Fitzgerald analysts commented, "A secondary analysis of the expansion phase of the Phase II COSMIC-HF study showed consistent results for omecamtiv mecarbil among patients with either ischemic or non-ischemic heart failure (64% and 36% of the trial population, respectively)." (9/18/2017)
• 2. According to Zacks Investment Research, "Cytokinetics is a late-stage biopharmaceutical company focused on discovering, developing and commercializing first-in-class muscle activators as potential treatments for debilitating diseases in which muscle performance is compromised and/or deteriorating. With an unmatched understanding of muscle biology and mechanics of muscle performance, the company is developing small molecule drug candidates engineered to increase muscle function and contractility. Cytokinetics' lead drug candidate is tirasemtiv, a fast skeletal muscle activator, for the potential treatment of ALS. Tirasemtiv has been granted orphan drug designation and fast track status by the FDA and orphan medicinal product designation by the EMA. Cytokinetics is collaborating with Amgen Inc. to develop omecamtiv mecarbil, a novel cardiac muscle activator, for the potential treatment of heart failure, and with Astellas Pharma Inc. to develop CK-2127107, a fast skeletal muscle activator, for the potential treatment of spinal muscular atrophy. " (8/17/2017)
• 3. Cowen and Company analysts commented, "CYTK reported a Q2 loss of $29.1MM and ended the quarter with $332MM in cash." (8/4/2017)
• 4. Rodman & Renshaw analysts commented, "Our price target is based on our clinical net present value (NPV) model, which is currently driven by omecamtiv mecarbil ($19.77/share) and modest contributions from tirasemtiv ($4.26/share) and CK-107 ($1.05/share). We believe this method is appropriate in capturing the value of the clinical stage pipeline by allowing us to flex multiple assumptions, including chance of success, peak sales estimates, and year of commercial launch. Factors which could impede reaching our price target include failed or inconclusive clinical trials or inability of the company to secure adequate funding to progress its drugs through the development pathway." (3/23/2017)
• 5. HC Wainwright analysts commented, "We have adjusted our 2017 estimates downward accordingly. The company had a net loss of $4.3M in 4Q16, or ($0.81) per share based on shares adjusted for the 1-for-10 reverse split effective on February 27. 2016. The loss was lower than our estimate of $4.9M due to improved expense management. For the fiscal year 2016, TearLab had $28M in revenue, representing 11% growth over that of 2015, and $19.9M in net loss. In our view, the softened growth rate in the Flex program and in international markets could continue in 2017. Therefore, we currently project a conservative low single-digit growth in revenue in 2017. Our valuation of the company has decreased from $140M to $105M. Excluding debt, our estimated market value of the firm is $79M. Assuming 6.5M shares outstanding at the end of 2017, we project a 12-month price target of $12 per share. Our previous price target was $2 before the reverse split. Importantly, TearLab has begun a process to explore strategic alternatives, which does not preclude a sale of the company." (3/13/2017)

Some companies that are related to Cytokinetics, Incorporated include Acceleron Pharma (XLRN), Radius Health (RDUS), Lexicon Pharmaceuticals (LXRX), Clinigen Group PLC (CLIN), Dynavax Technologies Corporation (DVAX), Sangamo Therapeutics (SGMO), Epizyme (EPZM), Ascendis Pharma A/S (ASND), Acorda Therapeutics (ACOR), Dermira (DERM), Xencor (XNCR), NeuroDerm (NDRM), Five Prime Therapeutics (FPRX), Athenex (ATNX), Omeros Corporation (OMER), Amarin Corporation PLC (AMRN), Retrophin (RTRX) and ZIOPHARM Oncology (ZIOP).

Cytokinetics, Incorporated's management team includes the folowing people:

• Leonard Patrick Gage Ph.D., Independent Chairman of the Board
• Robert I. Blum, President, Chief Executive Officer, Director
• Ching Jaw, Chief Financial Officer, Senior Vice President
• Sharon A. Barbari, Executive Vice President - Finance
• Fady I. Malik M.D. Ph.D., Executive Vice President - Research and Development
• Peter S. Roddy, Senior Vice President, Chief Accounting Officer
• David W. Cragg, Senior Vice President - Human Resources
• Bonnie A. Charpentier Ph.D., Senior Vice President - Regulatory Affairs and Compliance
• Bradley Paul Morgan Ph.D., Senior Vice President - Research and Non-Clinical Development
• Elisabeth Schnieders Ph.D., Senior Vice President - Business Development

Cytokinetics, Incorporated's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include FMR LLC (9.60%), Vanguard Group Inc. (6.47%), Janus Henderson Group PLC (5.00%), State Street Corp (3.12%), Citigroup Inc. (1.66%) and Wasatch Advisors Inc. (1.43%). Company insiders that own Cytokinetics, Incorporated stock include Bradley Paul Morgan, Caryn Gordon Mcdowell, Fady Ibraham Malik, Robert I Blum and Santo J Costa. View Institutional Ownership Trends for Cytokinetics, Incorporated.

Cytokinetics, Incorporated's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Wasatch Advisors Inc., OxFORD Asset Management LLP, Trexquant Investment LP, Gotham Asset Management LLC, Airain ltd, Fortaleza Asset Management Inc. and Virtu KCG Holdings LLC. Company insiders that have sold Cytokinetics, Incorporated stock in the last year include Bradley Paul Morgan, Caryn Gordon Mcdowell, Fady Ibraham Malik, Robert I Blum and Santo J Costa. View Insider Buying and Selling for Cytokinetics, Incorporated.

Cytokinetics, Incorporated's stock was bought by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Vanguard Group Inc., State Street Corp, Acadian Asset Management LLC, Principal Financial Group Inc., Bank of New York Mellon Corp, Laurion Capital Management LP and Ameriprise Financial Inc.. View Insider Buying and Selling for Cytokinetics, Incorporated.

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

One share of Cytokinetics, Incorporated stock can currently be purchased for approximately $14.50.