H.C. Wainwright Sticks to Its Buy Rating for Constellation Pharmaceuticals Inc (CNST)

By Ryan Adsit

In a report released today, Andrew Fein from H.C. Wainwright maintained a Buy rating on Constellation Pharmaceuticals Inc (CNSTResearch Report), with a price target of $18. The company’s shares closed yesterday at $8.89.

According to TipRanks.com, Fein is a 3-star analyst with an average return of 1.1% and a 41.4% success rate. Fein covers the Healthcare sector, focusing on stocks such as DBV Technologies SA – American, Proteostasis Therapeutics Inc, and ACADIA Pharmaceuticals Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Constellation Pharmaceuticals Inc with a $18 average price target.

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Based on Constellation Pharmaceuticals Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $19.43 million. In comparison, last year the company had a GAAP net loss of $12.1 million.

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Constellation Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company, which engages in the development of novel therapeutics in the field of epigenetics. The company utilizes epigenetics platform, which enables to validate targets and generate small molecules against these targets that selectively modulate gene expression in tumor and immune cells to drive anti-tumor activity. Its product candidates include CPI-0610, CPI-1205, and CPI-0209. The company was founded by Danny Reinberg, David Allis, and Yang Shi on January 11, 2008 and is headquartered in Cambridge, MA.