<div id="readability-page-1"><p><span>Summit Therapeutics (NASDAQ:SMMT - Get Free Report)</span> was upgraded by stock analysts at Wall Street Zen from a &#34;strong sell&#34; rating to a &#34;sell&#34; rating in a research report issued to clients and investors on Saturday.</p><div><p><span></span><span>Get <strong>Summit Therapeutics</strong> alerts:</span></p></div><ul><li>Why Wall Street Is Backing These 3 Comeback Stocks</li></ul><p>Several other equities research analysts have also issued reports on SMMT. Stifel Nicolaus began coverage on shares of Summit Therapeutics in a research note on Wednesday, April 8th. They set a &#34;buy&#34; rating and a $45.00 target price on the stock. Citizens Jmp  reissued a &#34;market outperform&#34; rating and set a $40.00 target price on shares of Summit Therapeutics in a research note on Friday, January 30th. Jefferies Financial Group lowered shares of Summit Therapeutics from a &#34;buy&#34; rating to a &#34;hold&#34; rating and lowered their target price for the stock from $42.00 to $15.00 in a research note on Monday, March 16th. Citigroup began coverage on shares of Summit Therapeutics in a research note on Wednesday, April 8th. They set a &#34;buy&#34; rating on the stock. Finally, Piper Sandler lowered their target price on shares of Summit Therapeutics from $17.00 to $16.00 and set a &#34;neutral&#34; rating on the stock in a research note on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued  a Buy rating, five have given a Hold rating and two have assigned  a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $28.17.</p><p><b>Get Our Latest Research Report on Summit Therapeutics</b></p><h2>Summit Therapeutics Stock Performance</h2><ul><li>MarketBeat Week in Review – 11/4 - 11/8</li></ul><p>NASDAQ:SMMT opened at $16.11 on Friday. Summit Therapeutics has a one year low of $13.83 and a one year high of $30.98. The firm has a market cap of $12.50 billion, a price-to-earnings ratio of -11.11 and a beta of -1.25. The firm's fifty day moving average is $18.43 and its two-hundred day moving average is $17.87. </p><p>Summit Therapeutics (NASDAQ:SMMT - Get Free Report) last posted its earnings results on Thursday, April 30th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.03.  As a group, equities research analysts predict that  Summit Therapeutics will post -1.31 earnings per share for the current fiscal year. </p><h2>Institutional Inflows and Outflows</h2><ul><li>Summit Therapeutics: Is Their Lung Cancer Drug a Game Changer?</li></ul><p>Hedge funds and other institutional investors have recently bought and sold shares of the stock. Crowley Wealth Management Inc. lifted its stake in  Summit Therapeutics by 66.7% in the 3rd quarter. Crowley Wealth Management Inc. now owns 1,500 shares of the company's stock valued at $31,000 after buying an additional 600 shares in the last quarter.  Ball &amp; Co Wealth Management Inc. purchased a new position in  Summit Therapeutics in the 1st quarter valued at about $28,000.  Kestra Advisory Services LLC purchased a new position in  Summit Therapeutics in the 4th quarter valued at about $28,000.  Parallel Advisors LLC purchased a new position in  Summit Therapeutics in the 3rd quarter valued at about $39,000.  Finally, T. Rowe Price Investment Management Inc. lifted its stake in  Summit Therapeutics by 2,654.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,873 shares of the company's stock valued at $33,000 after buying an additional 1,805 shares in the last quarter. 4.61% of the stock is owned by hedge funds and other institutional investors. </p><h2>About Summit Therapeutics</h2> (Get Free Report)<p>Summit Therapeutics plc is a clinical‐stage biotechnology company dedicated to the discovery and development of precision medicines for serious and life‐threatening diseases. The company applies a targeted approach to drug design, focusing on novel mechanisms of action that differentiate its candidates from existing therapies.  </p><p>Summit's lead asset, ridinilazole (formerly SMT19969), is being developed to treat Clostridioides difficile infections and has received both Fast Track and Qualified Infectious Disease Product designations from the U.S.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Summit Therapeutics</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U01NVA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U01NVA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Summit Therapeutics Right Now?</h2><p>Before you consider Summit Therapeutics, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Summit Therapeutics wasn't on the list.</p><p>While Summit Therapeutics currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

SMMT

<p>Wall Street Zen upgraded Summit Therapeutics (NASDAQ:SMMT) from a "strong sell" to a "sell" rating. Other analysts have varied opinions, with Stifel Nicolaus giving a "buy" rating and a $45 target, while Jefferies lowered their rating to "hold" with a $15 target. Currently, the stock has a consensus rating of "Moderate Buy" and a price target of $28.17. Summit Therapeutics reported a quarterly EPS of ($0.24), exceeding estimates. The company focuses on precision medicines for serious diseases, with its lead asset targeting Clostridioides difficile infections.</p>

Summit Therapeutics (NASDAQ:SMMT) Raised to "Sell" at Wall Street Zen