Corbus Pharmaceuticals Holdings, Inc. (NASDAQ:CRBP – Get Free Report) has been given a consensus rating of “Moderate Buy” by the twelve analysts that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $42.00.
Several equities analysts have weighed in on CRBP shares. Oppenheimer dropped their price objective on Corbus Pharmaceuticals from $57.00 to $54.00 and set an “outperform” rating for the company in a report on Wednesday, May 13th. Mizuho lifted their price objective on Corbus Pharmaceuticals from $40.00 to $44.00 and gave the company an “outperform” rating in a report on Friday, May 22nd. Guggenheim reaffirmed a “buy” rating on shares of Corbus Pharmaceuticals in a report on Tuesday. Wall Street Zen raised Corbus Pharmaceuticals from a “strong sell” rating to a “sell” rating in a report on Saturday, April 25th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Corbus Pharmaceuticals in a report on Monday, April 20th.
Check Out Our Latest Research Report on Corbus Pharmaceuticals
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Corbus Pharmaceuticals Price Performance
CRBP opened at $7.82 on Thursday. The business has a fifty day simple moving average of $9.99 and a 200 day simple moving average of $9.38. The company has a market capitalization of $144.90 million, a PE ratio of -1.34 and a beta of 2.68. Corbus Pharmaceuticals has a 1 year low of $6.72 and a 1 year high of $20.56.
Corbus Pharmaceuticals (NASDAQ:CRBP – Get Free Report) last released its quarterly earnings results on Tuesday, May 12th. The biopharmaceutical company reported ($1.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.26) by $0.03. Equities analysts anticipate that Corbus Pharmaceuticals will post -4.83 earnings per share for the current fiscal year.
Corbus Pharmaceuticals Company Profile
Corbus Pharmaceuticals Holdings, Inc is a clinical-stage biopharmaceutical company dedicated to the development and commercialization of therapeutic candidates for rare, life-threatening inflammatory and fibrotic diseases. The company’s lead investigational therapy, lenabasum, is a synthetic, oral cannabinoid receptor type 2 (CB2) agonist designed to resolve chronic inflammation by harnessing the body’s innate resolution pathways. Corbus operates by advancing small-molecule compounds through preclinical and clinical studies to address unmet medical needs in autoimmune and inflammatory disorders.
Lenabasum is currently under evaluation in a Phase 3 clinical trial for diffuse cutaneous systemic sclerosis (dcSSc) and in a Phase 2 study for cystic fibrosis–related inflammation.
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