Cabaletta Bio (NASDAQ:CABA – Get Rating) issued its quarterly earnings results on Thursday. The company reported ($0.45) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.08, MarketWatch Earnings reports.
Shares of CABA stock traded up $0.17 during trading hours on Friday, hitting $1.49. The company’s stock had a trading volume of 118,402 shares, compared to its average volume of 172,872. The company has a 50 day moving average of $1.74 and a 200 day moving average of $4.84. Cabaletta Bio has a 12-month low of $1.17 and a 12-month high of $14.95.
A number of research analysts have issued reports on the stock. Mizuho cut their price target on shares of Cabaletta Bio from $22.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, March 18th. HC Wainwright cut their price target on shares of Cabaletta Bio from $22.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, March 18th. Finally, Zacks Investment Research lowered shares of Cabaletta Bio from a “buy” rating to a “hold” rating in a research note on Tuesday, February 15th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $15.88.
Cabaletta Bio Company Profile (Get Rating)
Cabaletta Bio, Inc, a clinical-stage biotechnology company, focuses on the discovery and development of engineered T cell therapies for patients with B cell-mediated autoimmune diseases. Its proprietary technology utilizes chimeric autoantibody receptor (CAAR) T cells that are designed to selectively bind and eliminate B cells, which produce disease-causing autoantibodies or pathogenic B cells.
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