PiperJaffray Initiates Coverage on ContraFect Corp to Overweight

PiperJaffray Initiates Coverage on ContraFect Corp(NASDAQ:CFRX). The shares have been rated Overweight. The rating by PiperJaffray was issued on Jul 28, 2016.

In a different note, On Jul 22, 2016, Maxim Group said it Downgrades its rating on ContraFect Corp. On May 10, 2016, Roth Capital said it Downgrades its rating on ContraFect Corp. In the research note, the firm Lowers the price-target to $4.00 per share. The shares have been rated ‘Neutral’ by the firm.

ContraFect Corp (CFRX) shares turned negative on Thursdays trading session with the shares closing down -0.02 points or -0.82% at a volume of 1,18,914. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $2.45. The peak price level was also seen at $2.45 while the days lowest was $2.41. Finally the shares closed at $2.43. The 52-week high of the shares is $5.8 while the 52-week low is $2.0968. According to the latest information available, the market cap of the company is $67 M.

ContraFect Corp(CFRX) last announced its earnings results on May 10, 2016 for Fiscal Year 2016 and Q1.Earnings per share were $-0.32. Analysts had estimated an EPS of $-0.25.

Several Insider Transactions has been reported to the SEC. On Jul 27, 2016, Steven C Gilman (CEO) purchased 20,000 shares at $2.48 per share price.Also, On Nov 18, 2015, Daniel Couto (SVP Manufacturing & Facilities) sold 2,872 shares at $3.81 per share price.On Mar 3, 2015, Julia P Gregory (CEO) purchased 11,778 shares at $4.61 per share price, according to the Form-4 filing with the securities and exchange commission.

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