Needham & Company LLC lowered shares of Cempra Inc. (NASDAQ:CEMP) from a buy rating to a hold rating in a report issued on Wednesday morning.
A number of other analysts also recently weighed in on CEMP. Vetr downgraded shares of Cempra from a strong-buy rating to a hold rating and set a $7.00 price target for the company. in a report on Wednesday, November 9th. WBB Securities reissued a buy rating and issued a $40.00 price target on shares of Cempra in a report on Tuesday, November 8th. Morgan Stanley cut shares of Cempra from an overweight rating to an underweight rating and dropped their price objective for the company from $35.00 to $5.00 in a research note on Tuesday, November 8th. Gabelli cut shares of Cempra from a buy rating to a hold rating in a research note on Wednesday, November 23rd. Finally, Cowen and Company restated a buy rating on shares of Cempra in a research note on Tuesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Cempra presently has an average rating of Hold and an average price target of $19.41.
Shares of Cempra (NASDAQ:CEMP) opened at 6.60 on Wednesday. The firm’s market capitalization is $345.71 million. The stock has a 50 day moving average of $14.64 and a 200-day moving average of $18.76. Cempra has a 52 week low of $5.70 and a 52 week high of $34.24.
Cempra (NASDAQ:CEMP) last issued its quarterly earnings results on Thursday, October 27th. The company reported ($0.62) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.02. Cempra had a negative net margin of 678.72% and a negative return on equity of 59.94%. The firm earned $4 million during the quarter, compared to the consensus estimate of $3.90 million. During the same period in the prior year, the firm earned ($0.63) EPS. The business’s revenue was up 60.0% on a year-over-year basis. Analysts expect that Cempra will post ($2.42) earnings per share for the current year.
Large investors have recently bought and sold shares of the stock. Chartwell Investment Partners LLC bought a new stake in Cempra during the third quarter valued at $3,714,000. Knoll Capital Management LP acquired a new position in shares of Cempra during the third quarter valued at about $4,318,000. D. E. Shaw & Co. Inc. raised its position in shares of Cempra by 149.2% in the third quarter. D. E. Shaw & Co. Inc. now owns 274,709 shares of the company’s stock valued at $6,648,000 after buying an additional 164,465 shares during the period. Platinum Investment Management Ltd. acquired a new position in shares of Cempra during the third quarter valued at about $786,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Cempra during the third quarter valued at about $700,000. Hedge funds and other institutional investors own 79.94% of the company’s stock.