HC Wainwright Reiterates Buy Rating for ORIC Pharmaceuticals (NASDAQ:ORIC)

HC Wainwright reiterated their buy rating on shares of ORIC Pharmaceuticals (NASDAQ:ORICFree Report) in a research note released on Monday morning,Benzinga reports. The firm currently has a $21.00 price objective on the stock.

A number of other equities research analysts have also commented on the stock. Wells Fargo & Company assumed coverage on shares of ORIC Pharmaceuticals in a report on Thursday, October 31st. They set an “overweight” rating and a $20.00 price target for the company. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of ORIC Pharmaceuticals in a research note on Monday, September 23rd. Stifel Nicolaus began coverage on ORIC Pharmaceuticals in a research note on Friday, September 6th. They issued a “buy” rating and a $20.00 target price on the stock. Wedbush restated an “outperform” rating and set a $20.00 price target on shares of ORIC Pharmaceuticals in a report on Tuesday, September 10th. Finally, Oppenheimer dropped their price objective on ORIC Pharmaceuticals from $17.00 to $15.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $18.29.

Check Out Our Latest Stock Report on ORIC Pharmaceuticals

ORIC Pharmaceuticals Trading Down 3.4 %

ORIC opened at $9.95 on Monday. The company has a market cap of $701.89 million, a P/E ratio of -5.69 and a beta of 1.13. ORIC Pharmaceuticals has a 12 month low of $5.85 and a 12 month high of $16.65. The business’s 50-day moving average price is $9.71 and its 200-day moving average price is $9.27.

ORIC Pharmaceuticals (NASDAQ:ORICGet Free Report) last announced its quarterly earnings results on Monday, August 12th. The company reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.03). Equities research analysts forecast that ORIC Pharmaceuticals will post -1.8 earnings per share for the current fiscal year.

Institutional Trading of ORIC Pharmaceuticals

Institutional investors and hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in ORIC Pharmaceuticals by 162.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,152 shares of the company’s stock worth $36,000 after purchasing an additional 3,188 shares in the last quarter. Quest Partners LLC grew its position in shares of ORIC Pharmaceuticals by 253.2% in the 2nd quarter. Quest Partners LLC now owns 10,378 shares of the company’s stock worth $73,000 after buying an additional 7,440 shares during the period. Creative Planning bought a new position in shares of ORIC Pharmaceuticals in the 3rd quarter worth about $116,000. China Universal Asset Management Co. Ltd. lifted its position in ORIC Pharmaceuticals by 71.3% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 13,568 shares of the company’s stock valued at $139,000 after acquiring an additional 5,646 shares during the period. Finally, XTX Topco Ltd bought a new stake in ORIC Pharmaceuticals during the second quarter worth about $153,000. 95.05% of the stock is currently owned by hedge funds and other institutional investors.

About ORIC Pharmaceuticals

(Get Free Report)

ORIC Pharmaceuticals, Inc, a clinical-stage biopharmaceutical company, engages in the discovery and development of therapies for treatment of cancers in the United States. Its clinical stage product candidates include ORIC-114, a brain penetrant orally bioavailable irreversible inhibitor, currently under Phase 1b study, which is designed to selectively target epidermal growth factor receptor and human epidermal growth factor receptor 2 with high potency towards exon 20 insertion mutations; ORIC-944, an allosteric inhibitor of the polycomb repressive complex 2 for prostate cancer, currently under Phase 1b study; and ORIC-533, an orally bioavailable small molecule inhibitor of CD73, currently under Phase 1b study, being developed for resistance to chemotherapy- and immunotherapy-based treatment regimens.

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Analyst Recommendations for ORIC Pharmaceuticals (NASDAQ:ORIC)

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