Oppenheimer analyst Silvan Tuerkcan maintained a Buy rating on Constellation Pharmaceuticals (CNST – Research Report) today and set a price target of $55.00. The company’s shares closed last Thursday at $43.38.
According to TipRanks.com, Tuerkcan is a 5-star analyst with an average return of 46.1% and a 82.8% success rate. Tuerkcan covers the Healthcare sector, focusing on stocks such as Crispr Therapeutics AG, Intellia Therapeutics, and Seattle Genetics.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Constellation Pharmaceuticals with a $56.29 average price target, which is a 27.6% upside from current levels. In a report issued on May 6, RBC Capital also maintained a Buy rating on the stock with a $53.00 price target.
Based on Constellation Pharmaceuticals’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $25.44 million. In comparison, last year the company had a GAAP net loss of $19.43 million.
Based on the recent corporate insider activity of 42 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 CNST in relation to earlier this year.
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Constellation Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company, which engages in the development of novel therapeutics in the field of epigenetics. The company utilizes epigenetics platform, which enables to validate targets and generate small molecules against these targets that selectively modulate gene expression in tumor and immune cells to drive anti-tumor activity. Its product candidates include CPI-0610, CPI-1205, and CPI-0209. The company was founded by Danny Reinberg, David Allis, and Yang Shi on January 11, 2008 and is headquartered in Cambridge, MA.