eFFECTOR Therapeutics, Inc. (NASDAQ:EFTR – Get Rating) – Stock analysts at Cantor Fitzgerald increased their FY2022 EPS estimates for eFFECTOR Therapeutics in a research report issued on Wednesday, May 11th. Cantor Fitzgerald analyst L. Chen now expects that the company will earn ($0.54) per share for the year, up from their previous estimate of ($0.81).
A number of other research firms have also issued reports on EFTR. Stifel Nicolaus lowered eFFECTOR Therapeutics from a “buy” rating to a “hold” rating and lowered their target price for the company from $20.00 to $6.20 in a research note on Tuesday, January 25th. JMP Securities reiterated a “buy” rating and issued a $8.00 target price on shares of eFFECTOR Therapeutics in a research note on Monday, April 11th. Finally, Credit Suisse Group lowered their target price on eFFECTOR Therapeutics from $16.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday, March 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $19.64.
eFFECTOR Therapeutics (NASDAQ:EFTR – Get Rating) last announced its quarterly earnings results on Wednesday, March 16th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of ($0.25) by $0.69. The firm had revenue of $0.31 million for the quarter.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. SR One Capital Management LP acquired a new stake in eFFECTOR Therapeutics during the 4th quarter valued at approximately $56,487,000. Abingworth LLP acquired a new stake in eFFECTOR Therapeutics during the 3rd quarter valued at approximately $67,027,000. Sectoral Asset Management Inc acquired a new stake in eFFECTOR Therapeutics during the 3rd quarter valued at approximately $40,503,000. OUP Management Co. LLC acquired a new stake in eFFECTOR Therapeutics during the 4th quarter valued at approximately $8,493,000. Finally, Parallel Advisors LLC acquired a new stake in eFFECTOR Therapeutics during the 1st quarter valued at approximately $2,744,000. Hedge funds and other institutional investors own 51.71% of the company’s stock.
eFFECTOR Therapeutics Company Profile (Get Rating)
eFFECTOR Therapeutics, Inc, a clinical-stage biopharmaceutical company, engages in the development of selective translation regulator inhibitors for the treatment of cancer. Its lead product candidate is Tomivosertib, an oral small-molecule inhibitor of MNK that is in phase 2b clinical trial for the treatment of patients with metastatic non-small cell lung cancer.
- Get a free copy of the StockNews.com research report on eFFECTOR Therapeutics (EFTR)
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