Jane Street Group LLC bought a new stake in shares of Cingulate Inc. (NASDAQ:CING – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 21,031 shares of the company’s stock, valued at approximately $106,000.
Separately, Armistice Capital LLC acquired a new stake in shares of Cingulate during the second quarter worth $157,000. 41.31% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the company. Roth Capital upgraded Cingulate to a “strong-buy” rating in a research report on Friday, January 10th. Maxim Group upgraded shares of Cingulate from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. Finally, Roth Mkm began coverage on shares of Cingulate in a report on Friday, January 10th. They set a “buy” rating and a $12.00 price target on the stock.
Cingulate Stock Down 0.2 %
Shares of Cingulate stock opened at $4.62 on Wednesday. Cingulate Inc. has a 12 month low of $1.80 and a 12 month high of $84.81. The business has a fifty day simple moving average of $4.40 and a 200-day simple moving average of $4.21.
Cingulate (NASDAQ:CING – Get Free Report) last released its earnings results on Thursday, November 7th. The company reported ($1.83) earnings per share for the quarter, beating the consensus estimate of ($2.22) by $0.39. As a group, equities research analysts expect that Cingulate Inc. will post -9.26 EPS for the current year.
Cingulate Company Profile
Cingulate Inc, a biopharmaceutical company, focuses on the development of pharmaceutical products for the treatment of attention deficit/hyperactivity disorder and anxiety in the United States. The company’s stimulant medications are CTx-1301 (dexmethylphenidate), which is in phase 3 clinical trial, as well as CTx-1302 (dextroamphetamine), which is in investigational new drug application development for the treatment of attention deficit/hyperactivity disorder intended for children, adolescents, and adults.
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