Capricor Therapeutics (NASDAQ:CAPR - Get Free Report)'s stock had its "buy" rating restated by stock analysts at HC Wainwright in a research report issued on Monday,Benzinga reports. They presently have a $77.00 price target on the biotechnology company's stock.
Capricor Therapeutics Stock Down 9.9 %
Shares of CAPR traded down $1.27 during mid-day trading on Monday, reaching $11.61. The company had a trading volume of 1,429,722 shares, compared to its average volume of 1,365,404. The stock has a market capitalization of $527.91 million, a P/E ratio of -10.95 and a beta of 4.10. Capricor Therapeutics has a 52-week low of $3.52 and a 52-week high of $23.40. The stock has a 50 day moving average of $14.09 and a two-hundred day moving average of $14.51.
Hedge Funds Weigh In On Capricor Therapeutics
Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Capricor Therapeutics by 44.4% during the fourth quarter. Vanguard Group Inc. now owns 2,276,784 shares of the biotechnology company's stock valued at $31,420,000 after buying an additional 700,243 shares during the period. Farallon Capital Management LLC acquired a new stake in shares of Capricor Therapeutics during the 4th quarter valued at about $31,056,000. Geode Capital Management LLC grew its position in shares of Capricor Therapeutics by 37.8% during the 4th quarter. Geode Capital Management LLC now owns 879,468 shares of the biotechnology company's stock valued at $12,139,000 after acquiring an additional 241,279 shares during the period. Altium Capital Management LLC increased its stake in shares of Capricor Therapeutics by 150.5% in the 4th quarter. Altium Capital Management LLC now owns 714,000 shares of the biotechnology company's stock valued at $9,853,000 after purchasing an additional 429,000 shares in the last quarter. Finally, Woodline Partners LP acquired a new position in Capricor Therapeutics in the 4th quarter worth about $8,693,000. 21.68% of the stock is owned by hedge funds and other institutional investors.
Capricor Therapeutics Company Profile
(
Get Free Report)
Capricor Therapeutics, Inc NASDAQ: CAPR is a clinical-stage biotechnology company focused on the discovery, development and commercialization of first-in-class biological therapeutics for the treatment of rare disorders. Capricor's lead candidate, CAP-1002, is an allogeneic cell therapy that is currently in clinical development for the treatment of Duchenne muscular dystrophy.
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