Cascadian Therapeutics Inc (NASDAQ:CASC) has earned an average rating of “Hold” from the eight research firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $7.00.
Several research firms recently issued reports on CASC. ValuEngine raised Cascadian Therapeutics from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 31st. BidaskClub raised Cascadian Therapeutics from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 31st. Raymond James Financial cut Cascadian Therapeutics from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 31st. Zacks Investment Research cut Cascadian Therapeutics from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Finally, Cantor Fitzgerald set a $10.00 target price on Cascadian Therapeutics and gave the stock a “hold” rating in a research note on Friday, March 9th.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its stake in shares of Cascadian Therapeutics by 6,622.8% in the third quarter. JPMorgan Chase & Co. now owns 89,413 shares of the biopharmaceutical company’s stock worth $367,000 after purchasing an additional 88,083 shares during the last quarter. Unterberg Capital LLC bought a new stake in shares of Cascadian Therapeutics in the fourth quarter worth about $370,000. Northern Trust Corp grew its stake in shares of Cascadian Therapeutics by 415.5% in the second quarter. Northern Trust Corp now owns 382,469 shares of the biopharmaceutical company’s stock worth $1,420,000 after purchasing an additional 308,270 shares during the last quarter. Alps Advisors Inc. bought a new stake in shares of Cascadian Therapeutics in the fourth quarter worth about $207,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Cascadian Therapeutics by 203.7% in the second quarter. Dimensional Fund Advisors LP now owns 97,880 shares of the biopharmaceutical company’s stock worth $364,000 after purchasing an additional 65,651 shares during the last quarter. 81.38% of the stock is currently owned by institutional investors.
Shares of NASDAQ:CASC traded down $0.04 on Friday, reaching $9.98. 2,000 shares of the company traded hands, compared to its average volume of 1,092,996. Cascadian Therapeutics has a 52 week low of $3.18 and a 52 week high of $10.21.
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Cascadian Therapeutics Company Profile
Cascadian Therapeutics, Inc, formerly Oncothyreon Inc, is a clinical-stage biopharmaceutical company. The Company focuses on the development of therapeutic products for the treatment of cancer. The Company’s clinical-stage product candidate includes ONT-380, an orally active and selective small-molecule human epidermal growth factor receptor (HER) 2 inhibitor.
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