Lighthouse Investment Partners LLC Makes New $1.04 Million Investment in Coherus BioSciences, Inc. (NASDAQ:CHRS)

Lighthouse Investment Partners LLC acquired a new position in shares of Coherus BioSciences, Inc. (NASDAQ:CHRSFree Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 313,134 shares of the biotechnology company’s stock, valued at approximately $1,043,000.

Other institutional investors also recently bought and sold shares of the company. RPO LLC purchased a new position in shares of Coherus BioSciences in the 4th quarter valued at $65,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Coherus BioSciences in the 4th quarter valued at $81,000. TrinityPoint Wealth LLC purchased a new position in shares of Coherus BioSciences in the 4th quarter valued at $40,000. Baader Bank Aktiengesellschaft purchased a new position in Coherus BioSciences during the 4th quarter worth $47,000. Finally, Jump Financial LLC grew its stake in Coherus BioSciences by 50.6% during the 4th quarter. Jump Financial LLC now owns 33,267 shares of the biotechnology company’s stock worth $111,000 after buying an additional 11,180 shares during the last quarter. 72.82% of the stock is currently owned by hedge funds and other institutional investors.

Coherus BioSciences Stock Performance

Shares of Coherus BioSciences stock opened at $1.74 on Tuesday. Coherus BioSciences, Inc. has a twelve month low of $1.43 and a twelve month high of $5.63. The business has a 50-day moving average price of $2.09 and a 200 day moving average price of $2.30.

Coherus BioSciences (NASDAQ:CHRSGet Free Report) last announced its quarterly earnings results on Thursday, May 9th. The biotechnology company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.33). The company had revenue of $77.06 million during the quarter, compared to analysts’ expectations of $102.00 million. During the same period in the previous year, the company posted ($0.89) EPS. As a group, equities analysts expect that Coherus BioSciences, Inc. will post -1.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on CHRS shares. HC Wainwright reaffirmed a “buy” rating and set a $12.00 price target on shares of Coherus BioSciences in a research report on Friday, May 24th. Truist Financial lowered their price target on Coherus BioSciences from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Monday, May 13th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Coherus BioSciences has a consensus rating of “Moderate Buy” and a consensus price target of $8.83.

Check Out Our Latest Report on CHRS

Coherus BioSciences Company Profile

(Free Report)

Coherus BioSciences, Inc, a biopharmaceutical company, focuses on the research, development, and commercialization of cancer treatments primarily in the United States. The company develops UDENYCA, a biosimilar to Neulasta, a long-acting granulocyte-colony stimulating factor; LOQTORZI, a novel PD-1 inhibitor; and Casdozokitug, an investigational recombinant human immunoglobulin isotype G1 (IgG1) monoclonal antibody targeting interleukin 27.

See Also

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Institutional Ownership by Quarter for Coherus BioSciences (NASDAQ:CHRS)

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