Catabasis Pharmaceuticals (CATB) Trading Up 0%

Shares of Catabasis Pharmaceuticals Inc (NASDAQ:CATB) were up 0% during mid-day trading on Wednesday . The company traded as high as $2.38 and last traded at $1.56. Approximately 26,995,301 shares were traded during trading, an increase of 2,255% from the average daily volume of 1,146,255 shares. The stock had previously closed at $1.56.

A number of analysts have recently issued reports on CATB shares. Citigroup raised shares of Catabasis Pharmaceuticals from a “neutral” rating to a “buy” rating and set a $3.00 price target on the stock in a report on Monday, November 20th. Zacks Investment Research raised shares of Catabasis Pharmaceuticals from a “hold” rating to a “buy” rating and set a $1.75 price target on the stock in a report on Friday, January 26th. Finally, Wedbush reaffirmed an “outperform” rating and set a $4.00 price target on shares of Catabasis Pharmaceuticals in a report on Friday, December 15th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Catabasis Pharmaceuticals currently has a consensus rating of “Buy” and a consensus price target of $4.82.

The firm has a market capitalization of $28.85, a price-to-earnings ratio of -0.91 and a beta of 1.20.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its holdings in shares of Catabasis Pharmaceuticals by 146.1% in the fourth quarter. Geode Capital Management LLC now owns 76,612 shares of the biotechnology company’s stock worth $114,000 after buying an additional 45,476 shares during the last quarter. Virtu KCG Holdings LLC purchased a new position in shares of Catabasis Pharmaceuticals in the second quarter worth approximately $271,000. Deutsche Bank AG purchased a new position in shares of Catabasis Pharmaceuticals in the fourth quarter worth approximately $335,000. Oppenheimer & Co. Inc. raised its stake in Catabasis Pharmaceuticals by 40.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 169,000 shares of the biotechnology company’s stock worth $358,000 after acquiring an additional 49,000 shares during the period. Finally, Wedbush Securities Inc. raised its stake in Catabasis Pharmaceuticals by 2,368.6% during the 3rd quarter. Wedbush Securities Inc. now owns 251,802 shares of the biotechnology company’s stock worth $534,000 after acquiring an additional 241,602 shares during the period. 32.38% of the stock is currently owned by institutional investors.

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About Catabasis Pharmaceuticals

Catabasis Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company is focused on the discovery, development and commercialization of therapeutics based on its Safely Metabolized And Rationally Targeted (SMART), a linker drug discovery platform. The SMART linker drug discovery platform enables to engineer product candidates that can modulate multiple targets in a disease.

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