ORIC Pharmaceuticals’ (ORIC) “Outperform” Rating Reiterated at Wedbush

ORIC Pharmaceuticals (NASDAQ:ORICGet Free Report)‘s stock had its “outperform” rating reiterated by analysts at Wedbush in a research report issued on Tuesday,RTT News reports. They currently have a $20.00 price objective on the stock. Wedbush’s price target indicates a potential upside of 94.93% from the company’s current price.

ORIC has been the subject of a number of other research reports. Wells Fargo & Company began coverage on shares of ORIC Pharmaceuticals in a research note on Thursday, October 31st. They issued an “overweight” rating and a $20.00 price objective for the company. Oppenheimer decreased their price target on ORIC Pharmaceuticals from $17.00 to $15.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Cantor Fitzgerald reiterated an “overweight” rating on shares of ORIC Pharmaceuticals in a research report on Monday, September 23rd. HC Wainwright reaffirmed a “buy” rating and issued a $21.00 price target on shares of ORIC Pharmaceuticals in a report on Monday, November 4th. Finally, Stifel Nicolaus started coverage on ORIC Pharmaceuticals in a research note on Friday, September 6th. They set a “buy” rating and a $20.00 target price for the company. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, ORIC Pharmaceuticals presently has an average rating of “Buy” and a consensus target price of $18.29.

View Our Latest Report on ORIC Pharmaceuticals

ORIC Pharmaceuticals Stock Performance

Shares of ORIC traded down $0.04 on Tuesday, hitting $10.26. 278,429 shares of the stock traded hands, compared to its average volume of 517,175. The business has a 50 day simple moving average of $9.71 and a 200 day simple moving average of $9.32. ORIC Pharmaceuticals has a one year low of $5.85 and a one year high of $16.65. The company has a market capitalization of $723.76 million, a PE ratio of -5.86 and a beta of 1.13.

ORIC Pharmaceuticals (NASDAQ:ORICGet Free Report) last issued its earnings results on Monday, August 12th. The company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.42) by ($0.03). On average, equities analysts expect that ORIC Pharmaceuticals will post -1.8 earnings per share for the current year.

Hedge Funds Weigh In On ORIC Pharmaceuticals

Institutional investors and hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of ORIC Pharmaceuticals by 162.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,152 shares of the company’s stock worth $36,000 after purchasing an additional 3,188 shares during the last quarter. Quest Partners LLC raised its holdings in shares of ORIC Pharmaceuticals by 253.2% during the 2nd quarter. Quest Partners LLC now owns 10,378 shares of the company’s stock worth $73,000 after acquiring an additional 7,440 shares during the period. Creative Planning purchased a new stake in shares of ORIC Pharmaceuticals in the third quarter valued at about $116,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in ORIC Pharmaceuticals during the third quarter worth about $132,000. Finally, China Universal Asset Management Co. Ltd. boosted its holdings in ORIC Pharmaceuticals by 71.3% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 13,568 shares of the company’s stock valued at $139,000 after purchasing an additional 5,646 shares during the last quarter. 95.05% of the stock is currently owned by institutional investors and hedge funds.

ORIC Pharmaceuticals Company Profile

(Get Free Report)

ORIC Pharmaceuticals, Inc, a clinical-stage biopharmaceutical company, engages in the discovery and development of therapies for treatment of cancers in the United States. Its clinical stage product candidates include ORIC-114, a brain penetrant orally bioavailable irreversible inhibitor, currently under Phase 1b study, which is designed to selectively target epidermal growth factor receptor and human epidermal growth factor receptor 2 with high potency towards exon 20 insertion mutations; ORIC-944, an allosteric inhibitor of the polycomb repressive complex 2 for prostate cancer, currently under Phase 1b study; and ORIC-533, an orally bioavailable small molecule inhibitor of CD73, currently under Phase 1b study, being developed for resistance to chemotherapy- and immunotherapy-based treatment regimens.

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Analyst Recommendations for ORIC Pharmaceuticals (NASDAQ:ORIC)

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