Mirati Therapeutics, Inc. (MRTX) Upgraded to “Sell” by ValuEngine

ValuEngine upgraded shares of Mirati Therapeutics, Inc. (NASDAQ:MRTX) from a strong sell rating to a sell rating in a report released on Friday.

Other analysts have also issued reports about the stock. Jefferies Group LLC set a $5.00 target price on shares of Mirati Therapeutics and gave the stock a hold rating in a report on Friday, August 4th. Leerink Swann increased their target price on shares of Mirati Therapeutics from $7.00 to $9.00 and gave the stock a market perform rating in a report on Friday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $8.15.

Shares of Mirati Therapeutics (NASDAQ:MRTX) traded up 135.79% on Friday, hitting $11.20. The stock had a trading volume of 48,767,398 shares. Mirati Therapeutics has a 1-year low of $2.70 and a 1-year high of $12.40. The firm has a 50 day moving average of $5.21 and a 200-day moving average of $4.48. The firm’s market capitalization is $279.65 million.

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A number of institutional investors and hedge funds have recently modified their holdings of MRTX. KCG Holdings Inc. purchased a new stake in Mirati Therapeutics in the first quarter worth about $106,000. Susquehanna International Group LLP lifted its holdings in Mirati Therapeutics by 46.5% in the second quarter. Susquehanna International Group LLP now owns 50,509 shares of the biotechnology company’s stock worth $184,000 after buying an additional 16,030 shares during the period. PDT Partners LLC purchased a new stake in Mirati Therapeutics in the second quarter worth about $200,000. Trexquant Investment LP lifted its holdings in Mirati Therapeutics by 62.2% in the first quarter. Trexquant Investment LP now owns 42,879 shares of the biotechnology company’s stock worth $223,000 after buying an additional 16,447 shares during the period. Finally, LMR Partners LLP purchased a new stake in Mirati Therapeutics in the second quarter worth about $236,000. Institutional investors and hedge funds own 60.17% of the company’s stock.

About Mirati Therapeutics

Mirati Therapeutics, Inc, a clinical-stage biopharmaceutical company, develops a pipeline of oncology products. The company’s clinical stage product candidates include glesatinib, an orally-bioavailable, potent, small molecule kinase inhibitor that is in Phase II clinical trials for the treatment of non-small cell lung cancer (NSCLC) patients with genetic alterations of MET; and in Phase Ib clinical trials in patients with genetic alterations of MET and Axl in NSCLC and other solid tumors.

Analyst Recommendations for Mirati Therapeutics (NASDAQ:MRTX)

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