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Leerink Partners Reaffirms Their Buy Rating on Cogent Biosciences (COGT)

In a report released yesterday, Christopher Liu from Leerink Partners reiterated a Buy rating on Cogent Biosciences (COGTResearch Report). The company’s shares closed last Monday at $8.72.

According to TipRanks.com, Liu is ranked 0 out of 5 stars with an average return of -20.9% and a 27.3% success rate. Liu covers the Healthcare sector, focusing on stocks such as Arvinas Holding Company, Monte Rosa Therapeutics, and Nurix Therapeutics.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cogent Biosciences with a $27.00 average price target.

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Based on Cogent Biosciences’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $24.91 million. In comparison, last year the company had a GAAP net loss of $11.34 million.

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Unum Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on the development and commercialization of novel immunotherapy products designed to harness the power of a patient’s immune system to cure cancer. The firm’s technologies include Antibody-Coupled T-cell Receptor, which is a chimeric protein that binds to tumor targeting antibodies. The company was founded by Charles Wilson and Dario Campana in March 2014 and is headquartered in Cambridge, MA.

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