Catalyst Pharmaceuticals (NASDAQ:CPRX) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Catalyst Pharmaceuticals, Inc. (NASDAQ:CPRXGet Free Report) saw unusually-strong trading volume on Thursday . Approximately 5,312,735 shares changed hands during trading, an increase of 263% from the previous session’s volume of 1,464,761 shares.The stock last traded at $31.1250 and had previously closed at $30.52.

Catalyst Pharmaceuticals News Roundup

Here are the key news stories impacting Catalyst Pharmaceuticals this week:

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CPRX shares. Cantor Fitzgerald upgraded Catalyst Pharmaceuticals to a “strong-buy” rating in a research note on Friday, March 27th. Stephens set a $32.00 price objective on Catalyst Pharmaceuticals in a research note on Thursday. Citigroup boosted their price objective on Catalyst Pharmaceuticals from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. Truist Financial upgraded Catalyst Pharmaceuticals to a “strong-buy” rating in a research note on Wednesday, March 25th. Finally, Zacks Research upgraded Catalyst Pharmaceuticals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. Three investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Catalyst Pharmaceuticals currently has a consensus rating of “Buy” and a consensus target price of $33.33.

Get Our Latest Stock Analysis on Catalyst Pharmaceuticals

Catalyst Pharmaceuticals Trading Up 2.1%

The firm has a market cap of $3.81 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 1.00 and a beta of 0.72. The stock has a fifty day simple moving average of $25.17 and a two-hundred day simple moving average of $23.85.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CPRX. Parkside Financial Bank & Trust grew its holdings in shares of Catalyst Pharmaceuticals by 17.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,138 shares of the biopharmaceutical company’s stock worth $73,000 after purchasing an additional 469 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Catalyst Pharmaceuticals by 1.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 26,428 shares of the biopharmaceutical company’s stock worth $617,000 after purchasing an additional 472 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Catalyst Pharmaceuticals by 14.0% during the third quarter. Jones Financial Companies Lllp now owns 4,061 shares of the biopharmaceutical company’s stock worth $79,000 after purchasing an additional 498 shares in the last quarter. Lifestyle Asset Management Inc. grew its holdings in shares of Catalyst Pharmaceuticals by 3.4% during the fourth quarter. Lifestyle Asset Management Inc. now owns 16,835 shares of the biopharmaceutical company’s stock worth $393,000 after purchasing an additional 553 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Catalyst Pharmaceuticals by 55.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,764 shares of the biopharmaceutical company’s stock worth $41,000 after purchasing an additional 630 shares in the last quarter. Hedge funds and other institutional investors own 79.22% of the company’s stock.

About Catalyst Pharmaceuticals

(Get Free Report)

Catalyst Pharmaceuticals, Inc is a biopharmaceutical company focused on the development and commercialization of therapies for patients living with rare neuromuscular, neurological and metabolic diseases. The company’s mission centers on delivering safe and effective treatments that address unmet medical needs in small patient populations.

The company’s lead product is Firdapse® (amifampridine phosphate), a treatment approved by the U.S. Food and Drug Administration for adults with Lambert-Eaton Myasthenic Syndrome (LEMS).

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