Contineum Therapeutics, Inc. (NASDAQ:CTNM - Get Free Report)'s stock price was up 6.8% during mid-day trading on Thursday . The stock traded as high as $15.94 and last traded at $16.00. Approximately 165,442 shares were traded during mid-day trading, a decline of 45% from the average session volume of 302,464 shares. The stock had previously closed at $14.98.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CTNM. Wall Street Zen upgraded Contineum Therapeutics from a "sell" rating to a "hold" rating in a research report on Saturday, May 9th. Morgan Stanley upped their target price on shares of Contineum Therapeutics from $14.00 to $16.00 and gave the company an "equal weight" rating in a report on Thursday, May 14th. Royal Bank Of Canada raised their price target on shares of Contineum Therapeutics from $22.00 to $23.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Contineum Therapeutics in a report on Friday, July 17th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $20.25.

Read Our Latest Stock Analysis on Contineum Therapeutics

Contineum Therapeutics Stock Performance

The firm has a fifty day simple moving average of $13.96 and a 200 day simple moving average of $13.85. The company has a market cap of $598.16 million, a PE ratio of -9.20 and a beta of 0.74.

Contineum Therapeutics (NASDAQ:CTNM - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported ($0.40) earnings per share for the quarter, topping analysts' consensus estimates of ($0.45) by $0.05. As a group, equities analysts predict that Contineum Therapeutics, Inc. will post -1.68 EPS for the current fiscal year.

Institutional Trading of Contineum Therapeutics

A number of institutional investors have recently added to or reduced their stakes in the business. 683 Capital Management LLC acquired a new stake in Contineum Therapeutics in the fourth quarter valued at approximately $1,045,000. UBS Group AG raised its stake in shares of Contineum Therapeutics by 191.1% during the fourth quarter. UBS Group AG now owns 199,389 shares of the company's stock valued at $2,279,000 after purchasing an additional 130,885 shares during the period. Baker BROS. Advisors LP lifted its position in shares of Contineum Therapeutics by 1,729.3% during the fourth quarter. Baker BROS. Advisors LP now owns 1,420,838 shares of the company's stock worth $16,240,000 after purchasing an additional 1,343,168 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Contineum Therapeutics by 11.7% during the first quarter. Janus Henderson Group PLC now owns 2,734,836 shares of the company's stock worth $35,594,000 after purchasing an additional 285,857 shares in the last quarter. Finally, Monashee Investment Management LLC acquired a new position in shares of Contineum Therapeutics during the fourth quarter worth $1,571,000.

Contineum Therapeutics Company Profile

(Get Free Report)

Contineum Therapeutics, Inc, a clinical stage biopharmaceutical company, focuses on discovering and developing novel oral small molecule therapies for neuroscience, inflammation, and immunology indications with high unmet need. Its lead asset is PIPE-791, a novel, brain penetrant, small molecule inhibitor of the lysophosphatidic acid 1 receptor (LPA1R) for the treatment of idiopathic pulmonary fibrosis and progressive multiple sclerosis (MS). The company also develops PIPE-307, a novel, small molecule selective inhibitor of the muscarinic type 1 M1 receptor to treat depression and relapse remitting MS; and CTX-343, a peripherally-restricted LPA1R antagonist.

Read More

• Five stocks we like better than Contineum Therapeutics
• Asian Market Circuit Breakers Hit Stocks, Not AI Demand
• Riot Platforms Re-Wires the Ledger for a $9B AI Power Play
• Nebius Just Exploded 34% on Blowout Earnings—Is It Time to Buy?
• Joby’s Defense Pivot Accelerates With $500M Resonant Sciences Deal

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Contineum Therapeutics Right Now?

Before you consider Contineum Therapeutics, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Contineum Therapeutics wasn't on the list.

While Contineum Therapeutics currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here