Pfenex Inc (NYSEMKT:PFNX)‘s stock had its “ourperform” rating reaffirmed by investment analysts at William Blair in a research report issued to clients and investors on Friday, September 8th.
PFNX has been the subject of several other research reports. ValuEngine downgraded shares of Pfenex from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of Pfenex from a “hold” rating to a “buy” rating and set a $4.50 price target for the company in a research report on Thursday, July 13th.
Pfenex (NYSEMKT:PFNX) traded down 10.61% on Friday, reaching $2.95. The company had a trading volume of 89,830 shares. Pfenex has a 12-month low of $2.95 and a 12-month high of $11.35. The stock has a market capitalization of $69.41 million, a PE ratio of 47.58 and a beta of 4.65. The stock’s 50 day moving average price is $3.69 and its 200-day moving average price is $4.68.
Pfenex (NYSEMKT:PFNX) last released its quarterly earnings results on Wednesday, August 9th. The biotechnology company reported ($0.52) EPS for the quarter, missing the consensus estimate of ($0.46) by ($0.06). Pfenex had a negative net margin of 406.87% and a negative return on equity of 75.61%. The business had revenue of $3.03 million during the quarter, compared to analysts’ expectations of $3.10 million. During the same quarter last year, the company earned ($0.43) EPS. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. Equities analysts expect that Pfenex will post ($2.09) earnings per share for the current fiscal year.
WARNING: This piece was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The correct version of this piece can be read at https://ledgergazette.com/2017/09/16/pfenex-inc-pfnx-given-ourperform-rating-at-william-blair.html.
A number of institutional investors have recently made changes to their positions in PFNX. Strs Ohio raised its position in Pfenex by 69.7% during the 1st quarter. Strs Ohio now owns 99,800 shares of the biotechnology company’s stock worth $579,000 after buying an additional 41,000 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Pfenex by 221.0% during the 1st quarter. Russell Investments Group Ltd. now owns 32,186 shares of the biotechnology company’s stock worth $187,000 after purchasing an additional 22,160 shares during the period. Algert Global LLC grew its stake in shares of Pfenex by 207.3% during the 1st quarter. Algert Global LLC now owns 34,603 shares of the biotechnology company’s stock worth $201,000 after purchasing an additional 23,344 shares during the period. TFS Capital LLC grew its stake in shares of Pfenex by 101.1% during the 1st quarter. TFS Capital LLC now owns 97,093 shares of the biotechnology company’s stock worth $564,000 after purchasing an additional 48,805 shares during the period. Finally, Nine Chapters Capital Management LLC acquired a new position in shares of Pfenex during the 1st quarter worth $265,000.
Pfenex Company Profile
Pfenex Inc is a clinical-stage biotechnology company. The Company is engaged in the development of biosimilar and therapeutic equivalent products to branded therapeutics and other high-value and difficult-to-manufacture proteins. Its lead product candidate is PF582, a biosimilar candidate to Lucentis (ranibizumab).
Receive News & Ratings for Pfenex Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pfenex Inc and related companies with MarketBeat.com's FREE daily email newsletter.