Corvus Pharmaceuticals (NASDAQ:CRVS) Upgraded at Mizuho

Mizuho upgraded shares of Corvus Pharmaceuticals (NASDAQ:CRVSFree Report) from a hold rating to a strong-buy rating in a research note released on Tuesday morning, Zacks.com reports.

CRVS has been the topic of a number of other reports. LADENBURG THALM/SH SH lifted their price target on Corvus Pharmaceuticals from $12.00 to $21.00 and gave the company a “buy” rating in a report on Monday, September 16th. StockNews.com raised Corvus Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $10.83.

Read Our Latest Stock Report on CRVS

Corvus Pharmaceuticals Trading Up 1.6 %

Shares of NASDAQ:CRVS opened at $7.68 on Tuesday. Corvus Pharmaceuticals has a 12-month low of $1.05 and a 12-month high of $8.33. The business’s fifty day simple moving average is $5.33 and its 200-day simple moving average is $3.23. The company has a market capitalization of $480.39 million, a PE ratio of -14.77 and a beta of 1.14.

Corvus Pharmaceuticals (NASDAQ:CRVSGet Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.05. During the same period in the previous year, the company earned ($0.14) earnings per share. Research analysts predict that Corvus Pharmaceuticals will post -0.45 EPS for the current year.

Institutional Trading of Corvus Pharmaceuticals

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Avity Investment Management Inc. lifted its position in Corvus Pharmaceuticals by 138.2% during the 3rd quarter. Avity Investment Management Inc. now owns 27,580 shares of the company’s stock worth $146,000 after acquiring an additional 16,000 shares during the period. Towerview LLC lifted its position in Corvus Pharmaceuticals by 4.6% during the 2nd quarter. Towerview LLC now owns 400,000 shares of the company’s stock worth $728,000 after acquiring an additional 17,500 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Corvus Pharmaceuticals during the 2nd quarter worth about $44,000. Marshall Wace LLP acquired a new stake in Corvus Pharmaceuticals during the 2nd quarter worth about $136,000. Finally, Vanguard Group Inc. lifted its position in Corvus Pharmaceuticals by 10.6% during the 1st quarter. Vanguard Group Inc. now owns 1,493,357 shares of the company’s stock worth $2,658,000 after acquiring an additional 142,724 shares during the period. Institutional investors and hedge funds own 46.64% of the company’s stock.

Corvus Pharmaceuticals Company Profile

(Get Free Report)

Corvus Pharmaceuticals, Inc, a clinical stage biopharmaceutical company, focuses on the development and commercialization of immune modulator product candidates to treat solid cancers, T cell lymphomas, autoimmune, allergic, and infectious diseases. Its lead product candidate is soquelitinib (CPI-818), a selective covalent inhibitor of interleukin 2 inducible T cell kinase (ITK), which is in a multi-center Phase 1/1b clinical trial for the treatment of peripheral T cell lymphoma, solid tumors, and atopic dermatitis.

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