Kura Oncology Inc (KURA) Receives $30.20 Average Target Price from Brokerages

Shares of Kura Oncology Inc (NASDAQ:KURA) have been assigned a consensus recommendation of “Buy” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $30.20.

KURA has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Kura Oncology from a “sell” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Tuesday, October 16th. ValuEngine lowered shares of Kura Oncology from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 19th. HC Wainwright restated a “buy” rating and issued a $31.00 price objective on shares of Kura Oncology in a research report on Monday, October 22nd. Cowen restated a “buy” rating on shares of Kura Oncology in a research report on Monday, October 22nd. Finally, BidaskClub lowered shares of Kura Oncology from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 24th.

In other news, major shareholder Ecor1 Capital Fund Qualified, acquired 40,538 shares of the business’s stock in a transaction dated Thursday, December 13th. The stock was bought at an average cost of $13.90 per share, for a total transaction of $563,478.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 15.30% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in KURA. Bank of New York Mellon Corp lifted its position in Kura Oncology by 22.9% during the second quarter. Bank of New York Mellon Corp now owns 102,371 shares of the company’s stock valued at $1,863,000 after purchasing an additional 19,072 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in Kura Oncology by 26.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 57,135 shares of the company’s stock valued at $1,040,000 after purchasing an additional 11,961 shares during the last quarter. BlackRock Inc. lifted its position in Kura Oncology by 25.5% during the second quarter. BlackRock Inc. now owns 2,002,265 shares of the company’s stock valued at $36,440,000 after purchasing an additional 406,963 shares during the last quarter. Voya Investment Management LLC bought a new stake in Kura Oncology during the second quarter valued at approximately $187,000. Finally, Bank of America Corp DE lifted its position in Kura Oncology by 327.1% during the second quarter. Bank of America Corp DE now owns 17,729 shares of the company’s stock valued at $323,000 after purchasing an additional 13,578 shares during the last quarter. Institutional investors and hedge funds own 80.31% of the company’s stock.

KURA stock opened at $14.31 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 14.76 and a quick ratio of 14.76. Kura Oncology has a 12 month low of $10.20 and a 12 month high of $24.02. The company has a market capitalization of $544.31 million, a PE ratio of -9.41 and a beta of 2.97.

Kura Oncology Company Profile

Kura Oncology, Inc, a clinical-stage biopharmaceutical company, develops medicines for the treatment of cancers. Its pipeline consists of small molecule product candidates that target cancer. The company's lead product candidate is Tipifarnib, an oral farnesyl transferase inhibitor that is in Phase II clinical trials for the treatment of solid tumors, peripheral T-cell lymphomas, myelodysplastic syndromes, acute myeloid leukemia, and chronic myelomonocytic leukemia.

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Analyst Recommendations for Kura Oncology (NASDAQ:KURA)

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