Q2 2019 EPS Estimates for Compugen Ltd. (CGEN) Lowered by Analyst

Compugen Ltd. (NASDAQ:CGEN) – Investment analysts at Jefferies Financial Group decreased their Q2 2019 earnings estimates for Compugen in a research note issued to investors on Monday, May 20th. Jefferies Financial Group analyst P. Welford now expects that the biotechnology company will post earnings per share of ($0.14) for the quarter, down from their prior estimate of ($0.13). Jefferies Financial Group also issued estimates for Compugen’s Q3 2019 earnings at ($0.14) EPS, FY2019 earnings at ($0.55) EPS, FY2020 earnings at ($0.51) EPS, FY2021 earnings at ($0.61) EPS, FY2022 earnings at ($0.71) EPS and FY2023 earnings at ($0.82) EPS.

A number of other analysts have also recently commented on CGEN. Zacks Investment Research upgraded Compugen from a “hold” rating to a “buy” rating and set a $3.75 target price on the stock in a research report on Thursday. Oppenheimer set a $9.00 target price on Compugen and gave the stock a “buy” rating in a research report on Tuesday, February 26th.

CGEN opened at $3.34 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 4.66 and a current ratio of 5.11. Compugen has a one year low of $2.00 and a one year high of $4.31. The stock has a market cap of $171.57 million, a PE ratio of -8.15 and a beta of 2.43.

Compugen (NASDAQ:CGEN) last posted its earnings results on Monday, May 20th. The biotechnology company reported ($0.14) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.03.

Institutional investors and hedge funds have recently bought and sold shares of the company. RBF Capital LLC acquired a new stake in shares of Compugen during the fourth quarter worth about $30,000. Raymond James Financial Services Advisors Inc. increased its position in shares of Compugen by 72.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 26,201 shares of the biotechnology company’s stock worth $108,000 after purchasing an additional 11,000 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Compugen during the fourth quarter worth about $60,000. Jane Street Group LLC acquired a new stake in shares of Compugen during the third quarter worth about $128,000. Finally, Private Advisor Group LLC acquired a new stake in shares of Compugen during the first quarter worth about $140,000. Institutional investors and hedge funds own 27.86% of the company’s stock.

Compugen Company Profile

Compugen Ltd., a therapeutic discovery company, engages in the research, development, and commercialization of therapeutic and product candidates in Israel and Europe. The company's therapeutic pipeline consists of immuno-oncology programs against novel drug targets in the areas of unmet medical needs in various cancer types and patient populations.

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Earnings History and Estimates for Compugen (NASDAQ:CGEN)

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