---
title: "Corbus Pharmaceuticals Holdings, Inc. (NASDAQ:CRBP) Given Average Recommendation of \"Buy\" by Brokerages"
description: "Corbus Pharmaceuticals Holdings, Inc. (NASDAQ:CRBP) has received a consensus \"Buy\" recommendation from eight brokerages. Seven analysts rated it as a buy, while one issued a strong buy. The average 1-"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/216006419.md"
published_at: "2024-10-05T09:43:55.000Z"
---

# Corbus Pharmaceuticals Holdings, Inc. (NASDAQ:CRBP) Given Average Recommendation of "Buy" by Brokerages

> Corbus Pharmaceuticals Holdings, Inc. (NASDAQ:CRBP) has received a consensus "Buy" recommendation from eight brokerages. Seven analysts rated it as a buy, while one issued a strong buy. The average 1-year price target is $0.86. Recent price adjustments include Oppenheimer raising its target to $0.00 and B. Riley lowering it to $0.00. The stock has surged 342% YTD, with a current price of $0.21. Major shareholder Cormorant Asset Management purchased 350,000 shares recently, increasing their stake to 2,375,000 shares. Institutional investors own 64.64% of the company.

Shares of Corbus Pharmaceuticals Holdings, Inc. (NASDAQ:CRBP - Get Free Report) have earned a consensus recommendation of "Buy" from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $65.86.

Get **Corbus Pharmaceuticals** alerts:

-   Corbus Pharmaceuticals stock: An explosive 342% YTD surge

Several equities research analysts recently weighed in on the stock. Oppenheimer upped their price objective on shares of Corbus Pharmaceuticals from $80.00 to $88.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 7th. B. Riley decreased their price objective on shares of Corbus Pharmaceuticals from $85.00 to $40.00 and set a "buy" rating on the stock in a research note on Friday, September 20th. Wedbush lowered their price objective on shares of Corbus Pharmaceuticals from $85.00 to $51.00 and set an "outperform" rating for the company in a research report on Friday, September 20th. Lifesci Capital raised Corbus Pharmaceuticals to a "strong-buy" rating in a report on Wednesday, August 21st. Finally, HC Wainwright reissued a "buy" rating and set a $80.00 price target on shares of Corbus Pharmaceuticals in a report on Monday, September 23rd.

**View Our Latest Stock Analysis on CRBP**

## Corbus Pharmaceuticals Stock Down 3.5 %

-   Corbus Pharmaceuticals NASDAQ: CRBP Gives a Bold Buy Signal

Shares of NASDAQ:CRBP opened at $19.21 on Friday. Corbus Pharmaceuticals has a 12-month low of $3.03 and a 12-month high of $61.90. The company's 50 day moving average price is $47.56 and its two-hundred day moving average price is $45.44. The firm has a market cap of $205.30 million, a PE ratio of -2.76 and a beta of 2.56.

Corbus Pharmaceuticals (NASDAQ:CRBP - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The biopharmaceutical company reported ($0.90) EPS for the quarter, topping analysts' consensus estimates of ($1.19) by $0.29. On average, research analysts expect that Corbus Pharmaceuticals will post -3.77 EPS for the current year.

## Insider Buying and Selling

In other news, major shareholder Cormorant Asset Management, Lp bought 350,000 shares of the company's stock in a transaction on Friday, September 20th. The stock was purchased at an average cost of $20.01 per share, for a total transaction of $7,003,500.00. Following the completion of the transaction, the insider now owns 2,375,000 shares of the company's stock, valued at $47,523,750. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 4.00% of the stock is currently owned by corporate insiders.

## Hedge Funds Weigh In On Corbus Pharmaceuticals

A number of hedge funds have recently modified their holdings of CRBP. SG Americas Securities LLC acquired a new stake in Corbus Pharmaceuticals in the third quarter valued at $151,000. Rhumbline Advisers acquired a new stake in shares of Corbus Pharmaceuticals in the second quarter valued at about $638,000. Acadian Asset Management LLC bought a new position in shares of Corbus Pharmaceuticals during the second quarter worth about $716,000. ClariVest Asset Management LLC acquired a new position in shares of Corbus Pharmaceuticals in the second quarter worth approximately $725,000. Finally, Victory Capital Management Inc. bought a new stake in Corbus Pharmaceuticals in the second quarter valued at approximately $862,000. Institutional investors and hedge funds own 64.64% of the company's stock.

## Corbus Pharmaceuticals Company Profile

(Get Free Report

Corbus Pharmaceuticals Holdings, Inc, a biopharmaceutical company, develops products to defeat serious illness. It develops CRB-701, an antibody drug conjugate (ADC) that targets the expression of Nectin-4 on cancer cells to release a cytotoxic payload of monomethyl auristatin E (MMAE), which is in Phase I clinical trial; CRB-601, an anti-integrin monoclonal antibody that blocks the activation of TGFß expressed on cancer cells for the treatment of solid tumors; CRB-913, a peripherally restricted cannabinoid type-1 (CB1) receptor inverse agonist for the treatment of obesity.

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*This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.*

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## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Corbus Pharmaceuticals to Present at J.P. Morgan Healthcare Conference | Corbus Pharmaceuticals Holdings Inc. will present a corporate overview at the 44th Annual J.P. Morgan Healthcare Confere | [Link](https://longbridge.com/en/news/271512735.md) |
| Corbus Pharmaceuticals Director Anne Altmeyer Sells Shares | Reporter NameAltmeyer AnneRelationshipDirector, 10% OwnerTypeSellAmount$21,730SEC FilingForm 4Anne Altmeyer, a 10% owner | [Link](https://longbridge.com/en/news/262118503.md) |
| Mizuho Securities Remains a Buy on Corbus Pharmaceuticals (CRBP) | Suvannavejh covers the Healthcare sector, focusing on stocks such as Axsome Therapeutics, Immuneering, and Harmony Biosc | [Link](https://longbridge.com/en/news/260882159.md) |
| Corbus Pharmaceuticals Announces Preliminary Q3 Financials | Corbus Pharmaceuticals (CRBP) announced preliminary Q3 financials, estimating cash and investments at approximately $104 | [Link](https://longbridge.com/en/news/263610240.md) |
| Corbus Pharmaceuticals Announces $70.5M Public Offering | Corbus Pharmaceuticals announced a public offering of common stock and pre-funded warrants to raise approximately $70.5  | [Link](https://longbridge.com/en/news/264039071.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
