Leap Therapeutics (NASDAQ:LPTX) Cut to Hold at Baird R W

Leap Therapeutics (NASDAQ:LPTXGet Free Report) was downgraded by Baird R W from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Several other equities analysts also recently issued reports on the stock. Robert W. Baird downgraded shares of Leap Therapeutics from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $9.00 to $1.25 in a report on Wednesday. HC Wainwright cut Leap Therapeutics from a “buy” rating to a “neutral” rating in a report on Wednesday.

Check Out Our Latest Report on Leap Therapeutics

Leap Therapeutics Price Performance

Shares of LPTX stock opened at $0.52 on Wednesday. Leap Therapeutics has a 1-year low of $0.51 and a 1-year high of $4.79. The company has a market cap of $19.90 million, a price-to-earnings ratio of -0.27 and a beta of 0.17. The stock has a 50 day simple moving average of $2.78 and a 200-day simple moving average of $2.74.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Marshall Wace LLP increased its stake in shares of Leap Therapeutics by 268.2% in the 2nd quarter. Marshall Wace LLP now owns 79,758 shares of the company’s stock worth $156,000 after acquiring an additional 58,094 shares during the last quarter. Key Client Fiduciary Advisors LLC raised its stake in Leap Therapeutics by 13.0% during the third quarter. Key Client Fiduciary Advisors LLC now owns 321,923 shares of the company’s stock worth $827,000 after purchasing an additional 37,067 shares during the period. Simplify Asset Management Inc. boosted its holdings in Leap Therapeutics by 67.4% in the 3rd quarter. Simplify Asset Management Inc. now owns 1,056,895 shares of the company’s stock valued at $2,716,000 after purchasing an additional 425,626 shares during the last quarter. Valence8 US LP acquired a new stake in shares of Leap Therapeutics during the 3rd quarter worth approximately $48,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Leap Therapeutics during the 3rd quarter worth approximately $65,000. 30.46% of the stock is owned by hedge funds and other institutional investors.

Leap Therapeutics Company Profile

(Get Free Report)

Leap Therapeutics, Inc, a biopharmaceutical company, acquires and develops antibody therapies for the treatment of cancer. Its lead product candidates include DKN-01, a monoclonal antibody that inhibits Dickkopf-related protein 1, which is in multiple ongoing clinical trials for treating esophagogastric and gynecologic cancers; and FL-301, a monoclonal antibody that targets cells that express Claudin18.2 on their cell surface and is in phase II clinical trial, as well as two preclinical antibody programs, FL-302 and FL-501.

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