G1 THERAPEUTICS (GTHX) Rating Lowered to Sell at Zacks Investment Research

G1 THERAPEUTICS (NASDAQ:GTHX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

According to Zacks, “G1 Therapeutics, Inc. is a clinical-stage biopharmaceutical company. It engaged in developing novel, small-molecule therapies which address significant unmet needs in the treatment of cancer. The company’s product pipeline consists of CDK4/6, Trilaciclib (G1T28), G1T38 and G1T48. G1 Therapeutics, Inc. is based in Research Triangle Park, NC. “

Separately, Cowen and Company reiterated a “buy” rating on shares of G1 THERAPEUTICS in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $29.75.

G1 THERAPEUTICS (NASDAQ:GTHX) last posted its quarterly earnings data on Wednesday, August 9th. The company reported ($1.09) EPS for the quarter, missing the consensus estimate of ($0.61) by ($0.48).

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alps Advisors Inc. purchased a new position in G1 THERAPEUTICS during the 2nd quarter valued at approximately $444,000. Victory Capital Management Inc. purchased a new position in G1 THERAPEUTICS during the 2nd quarter valued at approximately $889,000. Goldman Sachs Group Inc. purchased a new position in G1 THERAPEUTICS during the 2nd quarter valued at approximately $1,144,000. Vanguard Group Inc. purchased a new position in G1 THERAPEUTICS during the 2nd quarter valued at approximately $1,291,000. Finally, Chartwell Investment Partners LLC purchased a new position in G1 THERAPEUTICS during the 2nd quarter valued at approximately $1,538,000. Institutional investors and hedge funds own 35.10% of the company’s stock.

About G1 THERAPEUTICS

G1 Therapeutics, Inc is a United States-based clinical-stage biopharmaceutical company. The Company is engaged in developing small-molecule therapies for the treatment of cancer. Its two clinical-stage candidates are trilaciclib (G1T28) and G1T38, which are potent, selective inhibitors of the validated kinase targets CDK4/6.

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