What is B. Riley's Forecast for CRBP FY2029 Earnings?

B. Riley forecasts Corbus Pharmaceuticals' FY2029 EPS at ($4.82) per share, maintaining a "Strong-Buy" rating with a $28.00 price target. Analysts have mixed ratings, with a consensus "Moderate Buy" and a $44.38 price target. The stock surged 342% YTD, trading at $11.88. Hedge funds own 64.64% of shares, and insiders recently sold shares. Corbus develops CRB-701, targeting Nectin-4 on cancer cells.

Corbus Pharmaceuticals stock: An explosive 342% YTD surge

Corbus Pharmaceuticals Holdings, Inc. (NASDAQ:CRBP - Free Report) - Research analysts at B. Riley issued their FY2029 EPS estimates for Corbus Pharmaceuticals in a research note issued to investors on Wednesday, November 26th. B. Riley analyst M. Mamtani anticipates that the biopharmaceutical company will post earnings of ($4.82) per share for the year. B. Riley currently has a "Strong-Buy" rating and a $28.00 price target on the stock. The consensus estimate for Corbus Pharmaceuticals' current full-year earnings is ($4.23) per share.

Corbus Pharmaceuticals (NASDAQ:CRBP - Get Free Report) last issued its quarterly earnings results on Wednesday, November 12th. The biopharmaceutical company reported ($1.90) EPS for the quarter, missing the consensus estimate of ($1.80) by ($0.10).

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Corbus Pharmaceuticals NASDAQ: CRBP Gives a Bold Buy Signal

A number of other equities analysts also recently commented on CRBP. Royal Bank Of Canada dropped their price objective on Corbus Pharmaceuticals from $55.00 to $53.00 and set an "outperform" rating on the stock in a report on Thursday, November 13th. Oppenheimer dropped their price target on Corbus Pharmaceuticals from $56.00 to $53.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 6th. HC Wainwright reaffirmed a "buy" rating and set a $40.00 price objective on shares of Corbus Pharmaceuticals in a research report on Monday, October 20th. Wedbush raised their price objective on shares of Corbus Pharmaceuticals from $31.00 to $38.00 and gave the stock an "outperform" rating in a report on Monday, October 20th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Corbus Pharmaceuticals in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Corbus Pharmaceuticals currently has a consensus rating of "Moderate Buy" and a consensus price target of $44.38.

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Corbus Pharmaceuticals Trading Up 4.5%

Shares of NASDAQ CRBP opened at $11.88 on Thursday. The business has a 50-day moving average price of $13.65 and a two-hundred day moving average price of $10.40. The firm has a market capitalization of $208.53 million, a PE ratio of -2.50 and a beta of 2.69. Corbus Pharmaceuticals has a one year low of $4.64 and a one year high of $20.56.

Hedge Funds Weigh In On Corbus Pharmaceuticals

Hedge funds and other institutional investors have recently modified their holdings of the business. ADAR1 Capital Management LLC bought a new stake in shares of Corbus Pharmaceuticals in the 3rd quarter worth approximately $129,000. Corton Capital Inc. bought a new position in Corbus Pharmaceuticals in the 2nd quarter valued at $86,000. Marshall Wace LLP purchased a new position in Corbus Pharmaceuticals during the second quarter worth about $137,000. Baker Avenue Asset Management LP bought a new position in shares of Corbus Pharmaceuticals in the second quarter worth approximately $138,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Corbus Pharmaceuticals during the 2nd quarter valued at $141,000. Hedge funds and other institutional investors own 64.64% of the company's stock.

Insiders Place Their Bets

In related news, CEO Yuval Cohen sold 18,660 shares of the company's stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $17.01, for a total transaction of $317,406.60. Following the sale, the chief executive officer owned 138,187 shares in the company, valued at $2,350,560.87. This represents a 11.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sean F. Moran sold 12,981 shares of the company's stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $17.02, for a total value of $220,936.62. Following the transaction, the chief financial officer directly owned 73,313 shares in the company, valued at $1,247,787.26. The trade was a 15.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 41,674 shares of company stock valued at $713,870 in the last three months. 3.60% of the stock is owned by insiders.

Corbus Pharmaceuticals Company Profile

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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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