Surface Oncology (NASDAQ:SURF – Get Assessment)The stock had its “buy” rating reissued by Jonestrading in a research note published on Sunday, reports TipRanks. They currently have a target price of $12.00 on the stock.

Several other research analysts have also published reports on the company. TheStreet downgraded Surface Oncology from a “c-” grade to a “d” grade in a Monday, March 7 research report. HC Wainwright reiterated a “buy” rating and set a target price of $10.00 on shares of Surface Oncology in a Thursday, March 3 research report. Finally, Zacks Investment Research downgraded Surface Oncology from a “buy” rating to a “hold” rating in a Thursday, May 5 research report. One research analyst has rated the stock with a hold rating and three have assigned the stock a buy rating. According to MarketBeat.com, Surface Oncology currently has a consensus rating of “Buy” and an average target price of $10.38.

SURF advanced $0.08 on Friday, hitting $1.93. The company had a trading volume of 928,511 shares, compared to an average volume of 714,196. The company has a market capitalization of $105.40 million, a PE ratio of -1.52 and a beta of 1.69. Surface Oncology has a 12-month low of $1.69 and a 12-month high of $9.37. The company has a quick ratio of 9.42, a current ratio of 9.42 and a leverage ratio of 0.17. The company’s 50-day simple moving average is $2.28 and its 200-day simple moving average is $3.51.

Surface Oncology (NASDAQ:SURF – Get Rating) last reported quarterly results on Monday, May 9. The company reported EPS of $0.13 for the quarter, beating the consensus estimate of ($0.48) by $0.61. The company recorded revenue of $30.00 million during the quarter. Surface Oncology posted a negative return on equity of 41.62% and a negative net margin of 182.63%. On average, analysts expect Surface Oncology to post -1.19 earnings per share for the current fiscal year.

A number of large investors have recently changed their stock holdings. BNP Paribas Arbitrage SA increased its position in Surface Oncology shares by 134.6% during the third quarter. BNP Paribas Arbitrage SA now owns 8,218 shares in the company worth $62,000 after purchasing an additional 4,715 shares last quarter. Russell Investments Group Ltd. acquired a new position in Surface Oncology stock during the first quarter worth $27,000. Citigroup Inc. increased its position in Surface Oncology shares by 62.8% during the fourth quarter. Citigroup Inc. now owns 10,553 shares of the company worth $50,000 after buying 4,071 additional shares in the last quarter. Spire Wealth Management acquired a new position in shares of Surface Oncology during the fourth quarter worth $53,000. Finally, Formidable Asset Management LLC acquired a new position in shares of Surface Oncology during the first quarter worth $33,000. 70.81% of the shares are held by institutional investors.

About Surface Oncology (Get a rating)

Surface Oncology, Inc, a clinical-stage immuno-oncology company, is engaged in the development of cancer therapies in the United States. The Company is developing various antibodies, including NZV930, a fully human immunoglobulin G4 isotype monoclonal antibody for extracellular adenosine production; SRF617, a fully human IgG4 monoclonal antibody that inhibits the enzymatic activity of CD39 for the production of adenosine and the degradation of adenosine triphosphate; SRF388 targeting interleukin 27; GSK4381562, an antibody targeting CD112R, an inhibitory protein expressed on natural killer and T cells; and SRF114 targeting the CCR8 chemokine receptor.

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