Clovis Oncology (NASDAQ:CLVS) has been assigned an average rating of “Hold” from the six brokerages that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $9.50.
Separately, HC Wainwright decreased their target price on Clovis Oncology from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, February 23rd.
In related news, insider Gillian C. Ivers-Read sold 10,990 shares of the firm’s stock in a transaction that occurred on Tuesday, February 2nd. The stock was sold at an average price of $7.97, for a total value of $87,590.30. Also, insider Thomas C. Harding sold 7,367 shares of Clovis Oncology stock in a transaction on Friday, March 12th. The shares were sold at an average price of $5.99, for a total value of $44,128.33. The disclosure for this sale can be found here. Company insiders own 6.60% of the company’s stock.
Shares of CLVS traded down $0.20 during mid-day trading on Monday, hitting $5.78. The stock had a trading volume of 3,717,042 shares, compared to its average volume of 12,537,028. The company has a market cap of $604.18 million, a PE ratio of -1.10 and a beta of 2.10. The company’s fifty day simple moving average is $6.33 and its two-hundred day simple moving average is $5.89. Clovis Oncology has a fifty-two week low of $4.08 and a fifty-two week high of $11.10.
Clovis Oncology (NASDAQ:CLVS) last issued its earnings results on Monday, February 22nd. The biopharmaceutical company reported ($1.02) EPS for the quarter, missing the consensus estimate of ($0.76) by ($0.26). The firm had revenue of $43.30 million during the quarter, compared to the consensus estimate of $43.16 million. On average, equities analysts anticipate that Clovis Oncology will post -3.93 earnings per share for the current year.
About Clovis Oncology
Clovis Oncology, Inc, a biopharmaceutical company, focuses on acquiring, developing, and commercializing anti-cancer agents in the United States, Europe, and internationally. Its commercial product includes Rubraca (rucaparib) tablet, a small molecule poly ADP-ribose polymerase inhibitor, used as monotherapy for the treatment of patients with deleterious BRCA mutation associated advanced ovarian cancer, who have been treated with two or more chemotherapies, and selected for therapy by an FDA-approved companion diagnostic for Rubraca.
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