Chemocentryx Inc (NASDAQ:CCXI): Negative Stock Sentiment

ChemoCentryx, Inc. (NASDAQ:CCXI) Logo

Sentiment for Chemocentryx Inc (NASDAQ:CCXI)

Chemocentryx Inc (NASDAQ:CCXI) institutional sentiment decreased to 0.93 in 2018 Q4. Its down -0.05, from 0.98 in 2018Q3. The ratio dropped, as 42 funds increased and started new equity positions, while 45 sold and reduced positions in Chemocentryx Inc. The funds in our partner’s database now own: 27.13 million shares, up from 26.80 million shares in 2018Q3. Also, the number of funds holding Chemocentryx Inc in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 7 Reduced: 38 Increased: 24 New Position: 18.

ChemoCentryx, Inc., a clinical-stage biopharmaceutical company, develops medications for inflammatory disorders, autoimmune diseases, and cancer in the United States. The company has market cap of $700.50 million. The Company’s lead drug candidate is Avacopan , an orally-administered small molecule that is a selective inhibitor of the complement C5a receptor (C5Ar), which is in Phase III development for the treatment of anti-neutrophil cytoplasmic auto-antibody-associated vasculitis (AAV). It currently has negative earnings. The firm also engages in developing CCX140, an inhibitor of the chemokine receptor known as CCR2 for patients with focal segmental glomerulosclerosis (FSGS), a debilitating kidney disease; Vercirnon for the treatment of patients with moderate-to-severe CrohnÂ’s diseases; CCX872, a selective inhibitor of the human CCR2 that has completed Phase I clinical trial for the treatment of pancreatic cancer; CCX507, which has completed Phase I clinical trial for the treatment of inflammatory bowel diseases; and Th17 cells for the treatment of psoriasis, rheumatoid arthritis, asthma, and multiple sclerosis.

The stock decreased 4.82% or $0.61 during the last trading session, reaching $12.14. About 239,394 shares traded. ChemoCentryx, Inc. (NASDAQ:CCXI) has risen 12.22% since May 8, 2018 and is uptrending. It has outperformed by 7.85% the S&P500.

Analysts await ChemoCentryx, Inc. (NASDAQ:CCXI) to report earnings on August, 8. They expect $-0.26 EPS, down 85.71 % or $0.12 from last year’s $-0.14 per share. After $-0.23 actual EPS reported by ChemoCentryx, Inc. for the previous quarter, Wall Street now forecasts 13.04 % negative EPS growth.

Bvf Inc Il holds 9.54% of its portfolio in ChemoCentryx, Inc. for 6.69 million shares. P.A.W. Capital Corp owns 50,000 shares or 0.68% of their US portfolio. Moreover, Sio Capital Management Llc has 0.67% invested in the company for 169,257 shares. The Utah-based Wasatch Advisors Inc has invested 0.34% in the stock. Nantahala Capital Management Llc, a Connecticut-based fund reported 623,338 shares.

Since January 1, 0001, it had 0 insider purchases, and 5 selling transactions for $1.38 million activity.

ChemoCentryx, Inc. (NASDAQ:CCXI) Ratings Coverage

Ratings analysis reveals 100% of ChemoCentryx’s analysts are positive. Out of 5 Wall Street analysts rating ChemoCentryx, 5 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $20 while the high is $23. The stock’s average target of $21.25 is 75.04% above today’s ($12.14) share price. CCXI was included in 5 notes of analysts from November 12, 2018. As per Tuesday, March 12, the company rating was maintained by H.C. Wainwright. The stock of ChemoCentryx, Inc. (NASDAQ:CCXI) earned “Buy” rating by Canaccord Genuity on Monday, November 12. The stock of ChemoCentryx, Inc. (NASDAQ:CCXI) has “Buy” rating given on Wednesday, March 27 by FBR Capital. Leerink Swann initiated the stock with “Buy” rating in Thursday, February 14 report.

More notable recent ChemoCentryx, Inc. (NASDAQ:CCXI) news were published by: Seekingalpha.com which released: “ChemoCentryx terminates previously announced common stock offering – Seeking Alpha” on September 28, 2018, also Nasdaq.com with their article: “ChemoCentryx (CCXI) Reports Q1 Loss, Misses Revenue Estimates – Nasdaq” published on May 06, 2019, Globenewswire.com published: “ChemoCentryx Reports Third Quarter 2018 Financial Results and Recent Highlights – GlobeNewswire” on November 08, 2018. More interesting news about ChemoCentryx, Inc. (NASDAQ:CCXI) were released by: Globenewswire.com and their article: “ChemoCentryx Reports First Quarter 2019 Financial Results and Recent Highlights – GlobeNewswire” published on May 06, 2019 as well as Seekingalpha.com‘s news article titled: “ChemoCentryx launches $75M stock offering – Seeking Alpha” with publication date: September 26, 2018.

ChemoCentryx, Inc. (NASDAQ:CCXI) Institutional Positions Chart

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