Leap Therapeutics (LPTX) Upgraded to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Leap Therapeutics (NASDAQ:LPTX) from a hold rating to a buy rating in a report released on Wednesday morning. They currently have $7.00 price objective on the stock.

According to Zacks, “Leap Therapeutics, Inc. is a biopharmaceutical company. It develops novel therapeutics for the treatment of cancer. Leap Therapeutics, Inc. is based in Cambridge, United States. “

Shares of Leap Therapeutics (NASDAQ LPTX) traded down $0.05 during mid-day trading on Wednesday, hitting $6.33. The stock had a trading volume of 82,900 shares, compared to its average volume of 99,600. Leap Therapeutics has a fifty-two week low of $4.90 and a fifty-two week high of $10.10.

Leap Therapeutics (NASDAQ:LPTX) last issued its quarterly earnings data on Monday, November 13th. The company reported ($0.73) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.62) by ($0.11). sell-side analysts expect that Leap Therapeutics will post -3.63 earnings per share for the current year.

In related news, COO Augustine Lawlor acquired 1,057,769 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was acquired at an average price of $6.09 per share, with a total value of $6,441,813.21. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 58.40% of the company’s stock.

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Leap Therapeutics Company Profile

Leap Therapeutics, Inc, formerly HealthCare Pharmaceuticals, Inc, is a clinical-stage biopharmaceutical company. The Company engages in acquiring and developing therapeutics in cancer biology. Its lead product candidates for use in clinical trials include TRX518 and DKN-01. DKN-01 is a monoclonal antibody targeting Dickkopf-related protein 1 (DKK1).

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