HC Wainwright Reaffirms “Buy” Rating for Caladrius Biosciences, Inc. (CLBS)

HC Wainwright reaffirmed their buy rating on shares of Caladrius Biosciences, Inc. (NASDAQ:CLBS) in a report issued on Friday. The firm currently has a $7.00 price objective on the biotechnology company’s stock.

Several other research analysts have also recently weighed in on CLBS. Zacks Investment Research raised Caladrius Biosciences from a sell rating to a hold rating in a research report on Wednesday, July 19th. ValuEngine raised Caladrius Biosciences from a strong sell rating to a sell rating in a research report on Friday, September 1st.

Caladrius Biosciences (NASDAQ CLBS) traded down $0.12 during mid-day trading on Friday, reaching $3.01. The company’s stock had a trading volume of 25,300 shares, compared to its average volume of 59,040. Caladrius Biosciences has a twelve month low of $2.63 and a twelve month high of $7.79.

Caladrius Biosciences (NASDAQ:CLBS) last posted its quarterly earnings data on Thursday, November 9th. The biotechnology company reported ($0.38) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.79) by $0.41. Caladrius Biosciences had a negative return on equity of 141.14% and a negative net margin of 84.10%. equities analysts expect that Caladrius Biosciences will post -2.73 EPS for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of CLBS. Renaissance Technologies LLC lifted its position in shares of Caladrius Biosciences by 34.3% during the 1st quarter. Renaissance Technologies LLC now owns 97,552 shares of the biotechnology company’s stock valued at $491,000 after buying an additional 24,900 shares during the last quarter. KCG Holdings Inc. lifted its position in shares of Caladrius Biosciences by 74.6% during the 1st quarter. KCG Holdings Inc. now owns 36,291 shares of the biotechnology company’s stock valued at $183,000 after buying an additional 15,501 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Caladrius Biosciences by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 155,380 shares of the biotechnology company’s stock valued at $723,000 after buying an additional 4,163 shares during the last quarter. 6.36% of the stock is currently owned by hedge funds and other institutional investors.

Caladrius Biosciences Company Profile

Caladrius Biosciences, Inc is a cell therapy development company with product candidates in development based on multiple technology platforms and targeting autoimmune and cardiology indications. The Company’s lead product candidate, CLBS03, is a T regulatory cell (Treg) clinical Phase II therapy targeting adolescents with recent-onset type 1 diabetes mellitus (T1DM) using the patient’s own numerically and functionally enhanced Tregs.

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