C4 Therapeutics, Inc. (NASDAQ:CCCC) Given Consensus Rating of “Moderate Buy” by Analysts

C4 Therapeutics, Inc. (NASDAQ:CCCCGet Free Report) has been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $7.75.

A number of research firms recently weighed in on CCCC. Barclays increased their price objective on C4 Therapeutics from $5.00 to $7.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. raised their price target on shares of C4 Therapeutics from $20.00 to $30.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. TD Cowen reaffirmed a “buy” rating on shares of C4 Therapeutics in a research report on Thursday, February 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of C4 Therapeutics in a research report on Monday, April 20th. Finally, Wall Street Zen upgraded shares of C4 Therapeutics from a “strong sell” rating to a “hold” rating in a research note on Saturday, February 28th.

Read Our Latest Stock Analysis on CCCC

Institutional Trading of C4 Therapeutics

Hedge funds have recently made changes to their positions in the stock. SummitTX Capital L.P. purchased a new position in shares of C4 Therapeutics during the first quarter valued at about $28,000. Zacks Investment Management purchased a new position in shares of C4 Therapeutics during the third quarter valued at about $29,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of C4 Therapeutics during the third quarter valued at about $43,000. Delta Investment Management LLC purchased a new position in shares of C4 Therapeutics during the fourth quarter valued at about $38,000. Finally, Virtu Financial LLC purchased a new position in shares of C4 Therapeutics during the fourth quarter valued at about $39,000. 78.81% of the stock is owned by institutional investors.

C4 Therapeutics News Summary

Here are the key news stories impacting C4 Therapeutics this week:

C4 Therapeutics Stock Performance

C4 Therapeutics stock opened at $3.56 on Tuesday. C4 Therapeutics has a 52 week low of $1.21 and a 52 week high of $3.95. The stock has a market capitalization of $393.63 million, a P/E ratio of -2.99 and a beta of 2.77. The stock has a 50-day simple moving average of $2.88 and a 200 day simple moving average of $2.49.

C4 Therapeutics (NASDAQ:CCCCGet Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.05. C4 Therapeutics had a negative net margin of 297.76% and a negative return on equity of 50.68%. The business had revenue of $6.15 million during the quarter, compared to the consensus estimate of $4.42 million. Research analysts forecast that C4 Therapeutics will post -0.87 earnings per share for the current year.

C4 Therapeutics Company Profile

(Get Free Report)

C4 Therapeutics, Inc is a clinical-stage biopharmaceutical company focused on the discovery and development of targeted protein degraders. Utilizing its proprietary Controlled Inducible Degradation (CiD) platform, the company seeks to eliminate disease-causing proteins by harnessing the body’s natural protein disposal machinery. This approach aims to address a wide range of oncology and immuno-oncology indications by targeting proteins that have historically been difficult to inhibit with traditional small molecules or antibodies.

The company’s pipeline includes multiple small-molecule degrader candidates advancing through preclinical and clinical stages.

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Analyst Recommendations for C4 Therapeutics (NASDAQ:CCCC)

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