Cue Biopharma (NASDAQ:CUE) Rating Increased to Buy at ValuEngine

Cue Biopharma (NASDAQ:CUE) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report released on Thursday, ValuEngine reports.

Separately, Robert W. Baird assumed coverage on Cue Biopharma in a report on Thursday, July 25th. They set an “outperform” rating and a $13.00 target price on the stock.

NASDAQ CUE traded down $0.02 during mid-day trading on Thursday, reaching $8.17. 76,913 shares of the company’s stock traded hands, compared to its average volume of 122,646. Cue Biopharma has a 1-year low of $4.16 and a 1-year high of $9.94. The firm’s fifty day simple moving average is $7.68. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $172.71 million, a P/E ratio of -4.21 and a beta of 1.21.

Cue Biopharma (NASDAQ:CUE) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.54) earnings per share for the quarter. Cue Biopharma had a negative net margin of 3,233.51% and a negative return on equity of 116.05%. The business had revenue of $0.37 million for the quarter. Equities analysts expect that Cue Biopharma will post -2.23 earnings per share for the current year.

In other news, SVP Colin Sandercock bought 16,938 shares of Cue Biopharma stock in a transaction on Monday, June 10th. The shares were bought at an average price of $7.83 per share, with a total value of $132,624.54. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have acquired 21,315 shares of company stock worth $163,322. 16.80% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in CUE. Sigma Planning Corp bought a new stake in shares of Cue Biopharma in the 1st quarter worth approximately $325,000. Geode Capital Management LLC raised its stake in Cue Biopharma by 12.9% during the 4th quarter. Geode Capital Management LLC now owns 130,961 shares of the company’s stock valued at $615,000 after acquiring an additional 14,923 shares in the last quarter. Strs Ohio raised its stake in Cue Biopharma by 500.0% during the 2nd quarter. Strs Ohio now owns 15,000 shares of the company’s stock valued at $134,000 after acquiring an additional 12,500 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Cue Biopharma by 16.3% during the 4th quarter. Bank of New York Mellon Corp now owns 51,776 shares of the company’s stock valued at $243,000 after acquiring an additional 7,272 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in Cue Biopharma by 1,159.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,805 shares of the company’s stock valued at $29,000 after acquiring an additional 3,503 shares in the last quarter. 16.62% of the stock is currently owned by institutional investors and hedge funds.

About Cue Biopharma

Cue Biopharma, Inc, a biopharmaceutical company, develops biologic drugs for the selective modulation of the human immune system to treat a range of cancers, chronic infectious diseases, and autoimmune disorders. Its lead drug candidate CUE-101, a protein biologic designed to target and activate antigen-specific T cells for human papilloma virus driven cancers.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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