Centessa Pharmaceuticals PLC Sponsored ADR (NASDAQ:CNTA) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Centessa Pharmaceuticals PLC Sponsored ADR (NASDAQ:CNTA - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twelve research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $33.1111.

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A number of equities analysts have commented on CNTA shares. Guggenheim reissued a "buy" rating and set a $28.00 target price on shares of Centessa Pharmaceuticals in a report on Monday, October 6th. Truist Financial set a $30.00 price target on Centessa Pharmaceuticals in a research report on Wednesday, November 5th. Wall Street Zen upgraded Centessa Pharmaceuticals from a "sell" rating to a "hold" rating in a report on Monday, October 27th. Stephens began coverage on shares of Centessa Pharmaceuticals in a research report on Tuesday, October 28th. They issued an "overweight" rating and a $35.00 target price for the company. Finally, Chardan Capital reissued a "buy" rating and issued a $30.00 price target on shares of Centessa Pharmaceuticals in a research note on Tuesday, August 12th.

Read Our Latest Stock Analysis on Centessa Pharmaceuticals

Insider Transactions at Centessa Pharmaceuticals

In other news, insider Mario Alberto Accardi sold 8,172 shares of the company's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $21.40, for a total value of $174,880.80. Following the completion of the sale, the insider directly owned 197,394 shares in the company, valued at $4,224,231.60. This represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Tia L. Bush sold 40,000 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $26.00, for a total value of $1,040,000.00. Following the completion of the sale, the chief technology officer directly owned 121,503 shares of the company's stock, valued at approximately $3,159,078. This represents a 24.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 179,964 shares of company stock worth $4,106,481 in the last ninety days. Insiders own 7.09% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd raised its stake in Centessa Pharmaceuticals by 15,209.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 3,215 shares of the company's stock worth $46,000 after purchasing an additional 3,194 shares during the period. Osterweis Capital Management Inc. purchased a new stake in shares of Centessa Pharmaceuticals during the 1st quarter valued at approximately $47,000. Bank of New York Mellon Corp acquired a new position in Centessa Pharmaceuticals in the first quarter valued at approximately $147,000. Fox Run Management L.L.C. purchased a new position in Centessa Pharmaceuticals in the first quarter worth approximately $160,000. Finally, Vestal Point Capital LP acquired a new stake in Centessa Pharmaceuticals during the first quarter worth $214,000. Institutional investors and hedge funds own 82.01% of the company's stock.

Centessa Pharmaceuticals Stock Down 1.1%

Shares of NASDAQ CNTA opened at $27.32 on Tuesday. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of -14.93 and a beta of 1.56. The company's 50-day simple moving average is $23.36 and its 200-day simple moving average is $17.65. The company has a quick ratio of 10.57, a current ratio of 10.56 and a debt-to-equity ratio of 0.36. Centessa Pharmaceuticals has a 52-week low of $9.60 and a 52-week high of $29.29.

Centessa Pharmaceuticals (NASDAQ:CNTA - Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.02). Equities analysts predict that Centessa Pharmaceuticals will post -1.6 EPS for the current fiscal year.

Centessa Pharmaceuticals Company Profile

Centessa Pharmaceuticals plc, a clinical-stage pharmaceutical company, discovers, develops, and delivers medicines for patients. Its products pipeline includes SerpinPC, an activated protein C inhibitor for the treatment of hemophilia A and B; and ORX750, an orally administered OX2R agonist for the treatment of narcolepsy and other sleep disorders.

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