Chimerix Inc (NASDAQ:CMRX) CEO Michael A. Sherman purchased 30,000 shares of the business’s stock in a transaction on Monday, May 20th. The shares were acquired at an average price of $3.48 per share, with a total value of $104,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Chimerix stock traded down $0.09 during trading on Monday, reaching $3.41. 394,143 shares of the stock were exchanged, compared to its average volume of 487,432. Chimerix Inc has a 1 year low of $1.74 and a 1 year high of $5.04. The firm has a market cap of $174.66 million, a P/E ratio of -2.38 and a beta of 1.47.
Chimerix (NASDAQ:CMRX) last released its quarterly earnings results on Thursday, May 9th. The biopharmaceutical company reported ($0.35) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.35). Chimerix had a negative net margin of 757.77% and a negative return on equity of 36.85%. The company had revenue of $2.36 million during the quarter, compared to the consensus estimate of $2.00 million. Sell-side analysts anticipate that Chimerix Inc will post -1.18 earnings per share for the current year.
A number of research firms have recently weighed in on CMRX. Zacks Investment Research upgraded shares of Chimerix from a “hold” rating to a “buy” rating and set a $4.00 target price for the company in a report on Wednesday, May 15th. Cowen reiterated a “hold” rating and set a $3.00 target price on shares of Chimerix in a report on Thursday, May 9th. ValuEngine lowered shares of Chimerix from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. HC Wainwright reiterated a “buy” rating on shares of Chimerix in a report on Wednesday, February 6th. Finally, Citigroup dropped their target price on shares of Chimerix from $4.25 to $2.00 and set a “neutral” rating for the company in a report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Chimerix presently has an average rating of “Hold” and an average price target of $4.75.
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Chimerix Company Profile
Chimerix, Inc, a biopharmaceutical company, discovers, develops, and commercializes medicines that address unmet medical needs in the United States. The company's lead product candidate is brincidofovir, an investigational nucleoside analog for the prevention of viral infections in hematopoietic or stem cell transplant recipients (HCT), as well as for the treatment of adenovirus infection and disease, smallpox, and BK virus infection in kidney and HCT transplant recipients.
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