KPTI has been the topic of several other research reports. Wedbush reissued an outperform rating and issued a $14.00 price target on shares of Karyopharm Therapeutics in a research note on Monday, March 13th. Zacks Investment Research downgraded Karyopharm Therapeutics from a hold rating to a sell rating in a research note on Wednesday, March 8th. Jefferies Group LLC reissued a buy rating and issued a $14.00 price target on shares of Karyopharm Therapeutics in a research note on Friday, March 3rd. Finally, Canaccord Genuity reissued a buy rating and issued a $20.00 price target on shares of Karyopharm Therapeutics in a research note on Monday, March 13th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $13.76.
Karyopharm Therapeutics (NASDAQ:KPTI) traded up 2.03% during mid-day trading on Friday, hitting $10.58. The stock had a trading volume of 112,627 shares. The company’s market capitalization is $436.35 million. The stock’s 50-day moving average is $10.71 and its 200 day moving average is $9.69. Karyopharm Therapeutics has a 52 week low of $6.27 and a 52 week high of $14.63.
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Several hedge funds have recently added to or reduced their stakes in KPTI. Trexquant Investment LP bought a new stake in Karyopharm Therapeutics during the fourth quarter worth about $273,000. Citadel Advisors LLC bought a new stake in Karyopharm Therapeutics during the third quarter worth about $286,000. Baker BROS. Advisors LP bought a new stake in Karyopharm Therapeutics during the third quarter worth about $2,111,000. Piermont Capital Management Inc. bought a new stake in Karyopharm Therapeutics during the third quarter worth about $507,000. Finally, JPMorgan Chase & Co. increased its stake in Karyopharm Therapeutics by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 374,000 shares of the company’s stock worth $3,639,000 after buying an additional 12,021 shares in the last quarter. 56.97% of the stock is currently owned by institutional investors and hedge funds.
About Karyopharm Therapeutics
Karyopharm Therapeutics Inc is a clinical-stage pharmaceutical company. The Company is focused on the discovery, development and commercialization of drugs directed against nuclear transport and related targets for the treatment of cancer and other diseases. Its segment is the business of discovering, developing and commercializing drugs to treat cancer and certain other major diseases.
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