Endocyte, Inc. (NASDAQ:ECYT) insider Philip S. Low acquired 5,600 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average cost of $4.84 per share, for a total transaction of $27,104.00. Following the completion of the transaction, the insider now directly owns 283,005 shares of the company’s stock, valued at approximately $1,369,744.20. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Endocyte, Inc. (NASDAQ ECYT) traded down $0.73 on Tuesday, reaching $4.60. 1,283,500 shares of the company were exchanged, compared to its average volume of 1,217,522. Endocyte, Inc. has a 52-week low of $1.17 and a 52-week high of $6.55.
Endocyte (NASDAQ:ECYT) last posted its earnings results on Monday, November 6th. The biopharmaceutical company reported ($0.55) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.35) by ($0.20). The business had revenue of $0.03 million during the quarter. Endocyte had a negative net margin of 82,235.72% and a negative return on equity of 38.91%. The firm’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the business earned ($0.21) EPS. equities analysts anticipate that Endocyte, Inc. will post -1.24 EPS for the current fiscal year.
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ECYT has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Endocyte from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. ValuEngine raised shares of Endocyte from a “strong sell” rating to a “sell” rating in a research report on Monday, October 2nd. Wedbush raised shares of Endocyte from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $2.00 to $7.00 in a research report on Tuesday, October 3rd. Finally, Cowen and Company reaffirmed a “hold” rating on shares of Endocyte in a research report on Monday, October 2nd.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted its stake in Endocyte by 1,064.3% in the second quarter. Goldman Sachs Group Inc. now owns 430,994 shares of the biopharmaceutical company’s stock valued at $646,000 after acquiring an additional 393,975 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Endocyte by 34.1% in the second quarter. Dimensional Fund Advisors LP now owns 98,313 shares of the biopharmaceutical company’s stock valued at $147,000 after acquiring an additional 25,003 shares during the last quarter. FMR LLC lifted its stake in Endocyte by 0.9% in the second quarter. FMR LLC now owns 3,540,203 shares of the biopharmaceutical company’s stock valued at $5,310,000 after acquiring an additional 31,168 shares during the last quarter. LMR Partners LLP acquired a new stake in Endocyte in the second quarter valued at approximately $196,000. Finally, Spark Investment Management LLC acquired a new stake in Endocyte in the second quarter valued at approximately $177,000. Hedge funds and other institutional investors own 25.47% of the company’s stock.
Endocyte Company Profile
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