Robert W. Baird assumed coverage on shares of Contineum Therapeutics (NASDAQ:CTNM - Free Report) in a report issued on Tuesday morning, Marketbeat reports. The brokerage issued an outperform rating and a $32.00 target price on the stock.
Separately, Royal Bank of Canada boosted their target price on shares of Contineum Therapeutics from $30.00 to $32.00 and gave the company an "outperform" rating in a research report on Wednesday, August 14th.
Check Out Our Latest Stock Report on CTNM
Contineum Therapeutics Price Performance
Shares of CTNM traded up $0.21 during trading hours on Tuesday, hitting $16.28. The company had a trading volume of 71,633 shares, compared to its average volume of 79,384. The business has a fifty day moving average of $18.00 and a 200-day moving average of $17.66. Contineum Therapeutics has a 12 month low of $13.27 and a 12 month high of $22.00.
Contineum Therapeutics (NASDAQ:CTNM - Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.37) by ($0.02). Equities analysts forecast that Contineum Therapeutics will post -2.04 EPS for the current year.
Hedge Funds Weigh In On Contineum Therapeutics
Several hedge funds and other institutional investors have recently modified their holdings of CTNM. Johnson & Johnson purchased a new stake in Contineum Therapeutics in the second quarter worth about $34,853,000. Perceptive Advisors LLC bought a new stake in Contineum Therapeutics in the 2nd quarter worth about $27,589,000. Versant Venture Management LLC bought a new position in shares of Contineum Therapeutics during the 2nd quarter valued at $16,169,000. Squarepoint Ops LLC purchased a new stake in shares of Contineum Therapeutics during the 2nd quarter valued at about $2,642,000. Finally, Driehaus Capital Management LLC bought a new position in Contineum Therapeutics in the second quarter worth approximately $1,174,000.
Contineum Therapeutics Company Profile
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Contineum Therapeutics, Inc, a clinical stage biopharmaceutical company, focuses on discovering and developing novel oral small molecule therapies for neuroscience, inflammation, and immunology indications with high unmet need. Its lead asset is PIPE-791, a novel, brain penetrant, small molecule inhibitor of the lysophosphatidic acid 1 receptor (LPA1R) for the treatment of idiopathic pulmonary fibrosis and progressive multiple sclerosis (MS).
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