Kura Oncology Inc. (KURA) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of Kura Oncology Inc. (NASDAQ:KURA) from a sell rating to a hold rating in a research note issued to investors on Wednesday.

According to Zacks, “Kura Oncology, Inc. is a biopharmaceutical company. The company is involved in the discovery and development of therapeutics for the treatment of tumors and blood cancers. Its product pipeline includes small molecule drug candidates which are in different clinical trial consists of Tipifarnib-HRAS, Tipifarnib-PTCL, ERK inhibitor program and Menin MLL inhibitor program. Kura Oncology, Inc. is headquartered in La Jolla, California. “

Separately, Oppenheimer Holdings Inc. reaffirmed an outperform rating and set a $16.00 price objective on shares of Kura Oncology in a research note on Tuesday, June 21st.

Shares of Kura Oncology (NASDAQ:KURA) opened at 6.20 on Wednesday. The company’s market capitalization is $116.21 million. Kura Oncology has a 12 month low of $2.50 and a 12 month high of $25.00. The company has a 50-day moving average price of $6.02 and a 200-day moving average price of $4.10.

Kura Oncology (NASDAQ:KURA) last announced its quarterly earnings data on Wednesday, August 10th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.34) by $0.02. On average, equities analysts anticipate that Kura Oncology will post ($1.58) EPS for the current year.

An institutional investor recently bought a new position in Kura Oncology stock. Minerva Advisors LLC bought a new position in Kura Oncology Inc. (NASDAQ:KURA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 361,737 shares of the company’s stock, valued at approximately $977,000. Minerva Advisors LLC owned approximately 1.96% of Kura Oncology at the end of the most recent quarter. Institutional investors own 43.63% of the company’s stock.

Kura Oncology Company Profile

Kura Oncology, Inc is a clinical-stage biopharmaceutical company. The Company is engaged in discovering and developing personalized therapeutics for the treatment of solid tumors and blood cancers. Its segment is engaged in the discovery and development of personalized therapeutics for the treatment of solid tumors and blood cancers.

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