JonesTrading Keeps Their Buy Rating on Chimerix (CMRX)

In a report released today, Soumit Roy from JonesTrading reiterated a Buy rating on Chimerix (CMRXResearch Report), with a price target of $5.00. The company’s shares closed yesterday at $2.36.

According to TipRanks, Roy is a 4-star analyst with an average return of 5.2% and a 32.82% success rate. Roy covers the Healthcare sector, focusing on stocks such as Mirati Therapeutics, Aileron Therapeutics, and Adicet Bio.

Chimerix has an analyst consensus of Strong Buy, with a price target consensus of $8.00, representing a 238.98% upside. In a report released today, H.C. Wainwright also maintained a Buy rating on the stock with a $11.00 price target.

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Based on Chimerix’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $15 thousand and a GAAP net loss of $24.77 million. In comparison, last year the company earned revenue of $1.44 million and had a GAAP net loss of $97.42 million

Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CMRX in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Chimerix, Inc. is a biopharmaceutical company, which engages in the research, development, and commercialization of pharmaceutical products. Its portfolio includes Brincidofovir for the treatment of adenovirus, cytomegalovirus, and smallpox. The company was founded by George R. Painter, III and Timothy Wollaeger in April 2000 and is headquartered in Durham, NC.

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