Catabasis Pharmaceuticals, Inc. (CATB) Given Consensus Rating of “Buy” by Analysts

Catabasis Pharmaceuticals, Inc. (NASDAQ:CATB) has received an average rating of “Buy” from the six analysts that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $6.25.

A number of equities research analysts have recently issued reports on the company. Oppenheimer Holdings, Inc. set a $11.00 target price on Catabasis Pharmaceuticals and gave the company a “buy” rating in a research note on Saturday, March 18th. Zacks Investment Research lowered Catabasis Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Friday, May 19th. Wedbush reiterated an “outperform” rating and issued a $4.00 target price on shares of Catabasis Pharmaceuticals in a research note on Wednesday, June 21st. Finally, HC Wainwright reiterated a “buy” rating and issued a $8.00 target price (down previously from $14.00) on shares of Catabasis Pharmaceuticals in a research note on Tuesday, March 21st.

Catabasis Pharmaceuticals (CATB) opened at 1.33 on Monday. The stock’s 50 day moving average price is $1.35 and its 200-day moving average price is $2.02. The firm’s market capitalization is $29.89 million. Catabasis Pharmaceuticals has a 12 month low of $1.08 and a 12 month high of $7.89.

Large investors have recently modified their holdings of the stock. Oppenheimer & Co. Inc. acquired a new stake in shares of Catabasis Pharmaceuticals during the first quarter worth $144,000. Renaissance Technologies LLC acquired a new stake in shares of Catabasis Pharmaceuticals during the first quarter worth $106,000. Finally, Federated Investors Inc. PA raised its stake in shares of Catabasis Pharmaceuticals by 45.1% in the fourth quarter. Federated Investors Inc. PA now owns 160,000 shares of the biotechnology company’s stock worth $578,000 after buying an additional 49,750 shares during the period. Hedge funds and other institutional investors own 32.82% of the company’s stock.

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Catabasis Pharmaceuticals Company Profile

Catabasis Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company is focused on the discovery, development and commercialization of therapeutics based on its Safely Metabolized And Rationally Targeted (SMART), a linker drug discovery platform. The SMART linker drug discovery platform enables to engineer product candidates that can modulate multiple targets in a disease.

Analyst Recommendations for Catabasis Pharmaceuticals (NASDAQ:CATB)

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