Checkpoint Therapeutics (CKPT) Gets a Buy Rating from H.C. Wainwright

In a report released today, Joseph Pantginis from H.C. Wainwright reiterated a Buy rating on Checkpoint Therapeutics (CKPTResearch Report), with a price target of $15.00. The company’s shares closed last Monday at $1.70, close to its 52-week low of $1.12.

According to TipRanks.com, Pantginis is a 4-star analyst with an average return of 7.7% and a 44.1% success rate. Pantginis covers the Healthcare sector, focusing on stocks such as Applied Genetic Technologies, Lineage Cell Therapeutics, and Iovance Biotherapeutics.

Checkpoint Therapeutics has an analyst consensus of Moderate Buy, with a price target consensus of $11.50.

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Based on Checkpoint Therapeutics’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $5.21 million. In comparison, last year the company had a GAAP net loss of $11.62 million.

Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CKPT in relation to earlier this year.

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Checkpoint Therapeutics, Inc. is a clinical-stage biopharmaceutical company, which engages in the acquisition, development, and commercialization of novel treatments for patients with solid tumor cancers. Its product portfolio include CK-301, CK-101, CK-103, and CK-302. The company was founded on November 10, 2014 and is headquartered in New York, NY.