Arcus Biosciences, Inc. (NYSE:RCUS – Get Free Report) President Juan Jaen sold 15,764 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $27.73, for a total transaction of $437,135.72. Following the completion of the transaction, the president directly owned 897,240 shares of the company’s stock, valued at approximately $24,880,465.20. This trade represents a 1.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Arcus Biosciences Price Performance
Shares of RCUS traded up $0.56 on Wednesday, reaching $28.74. The stock had a trading volume of 1,784,969 shares, compared to its average volume of 1,240,586. Arcus Biosciences, Inc. has a twelve month low of $7.91 and a twelve month high of $29.85. The firm has a market capitalization of $3.61 billion, a PE ratio of -9.04 and a beta of 0.85. The firm has a 50-day moving average of $24.40 and a 200 day moving average of $22.90. The company has a quick ratio of 4.04, a current ratio of 4.04 and a debt-to-equity ratio of 0.19.
Arcus Biosciences (NYSE:RCUS – Get Free Report) last posted its earnings results on Tuesday, May 5th. The company reported ($1.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.10). Arcus Biosciences had a negative return on equity of 68.97% and a negative net margin of 156.36%.The firm had revenue of $17.00 million for the quarter, compared to analysts’ expectations of $29.48 million. During the same quarter in the previous year, the firm posted ($1.14) earnings per share. The firm’s revenue for the quarter was down 39.3% compared to the same quarter last year. Sell-side analysts expect that Arcus Biosciences, Inc. will post -3.66 EPS for the current year.
Institutional Trading of Arcus Biosciences
Analyst Upgrades and Downgrades
Several analysts have recently commented on the stock. Wall Street Zen lowered shares of Arcus Biosciences from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Leerink Partners set a $47.00 target price on Arcus Biosciences in a report on Monday, April 20th. Morgan Stanley raised their price target on Arcus Biosciences from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Citigroup upped their price objective on Arcus Biosciences from $44.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Finally, The Goldman Sachs Group increased their price objective on Arcus Biosciences from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Arcus Biosciences currently has an average rating of “Moderate Buy” and an average target price of $35.10.
Read Our Latest Stock Analysis on Arcus Biosciences
Arcus Biosciences Company Profile
Arcus Biosciences is a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of novel cancer immunotherapies. The company’s research platform centers on modulating tumor microenvironments and immune checkpoints through both small-molecule and antibody-based candidates. Arcus aims to enhance antitumor immune responses by targeting pathways such as the adenosine axis and inhibitory receptors on immune cells.
The company’s lead clinical programs include etrumadenant, an orally administered A2A adenosine receptor antagonist being evaluated in combination with anti-PD-1 therapy, and domvanalimab, an anti-TIGIT monoclonal antibody.
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