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Cortexyme (CRTX) Gets a Hold Rating from JMP Securities

In a report released today, Jason Butler from JMP Securities reiterated a Hold rating on Cortexyme (CRTXResearch Report). The company’s shares closed last Tuesday at $4.65, close to its 52-week low of $3.79.

According to TipRanks.com, Butler has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -4.9% and a 36.8% success rate. Butler covers the Healthcare sector, focusing on stocks such as Applied Molecular Transport, ACADIA Pharmaceuticals, and Aquestive Therapeutics.

Currently, the analyst consensus on Cortexyme is a Moderate Buy with an average price target of $21.00.

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The company has a one-year high of $121.98 and a one-year low of $3.79. Currently, Cortexyme has an average volume of 1.04M.

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Cortexyme, Inc. is a biopharmaceutical company, which develops therapeutics based on data supporting a new theory of the cause of Alzheimer’s and other neurodegenerative disorders. Its product, COR388, is in clinical trial. The company was founded by Casey Crawford Lynch, Stephen Dominy, and Kristen Gafric on June 20, 2012 and is headquartered in South San Francisco, CA.

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