Pieris Pharmaceuticals (NASDAQ:PIRS) had its price target boosted by equities research analysts at HC Wainwright from $9.00 to $12.00 in a report issued on Tuesday, January 16th, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the biotechnology company’s stock. HC Wainwright’s price objective points to a potential upside of 39.70% from the company’s previous close.
Several other equities research analysts also recently weighed in on PIRS. BidaskClub raised Pieris Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. ValuEngine downgraded Pieris Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $10.00.
Pieris Pharmaceuticals (PIRS) traded up $1.44 during mid-day trading on Tuesday, hitting $8.59. 2,012,123 shares of the company were exchanged, compared to its average volume of 721,830. The stock has a market capitalization of $384.78, a price-to-earnings ratio of -11.61 and a beta of 1.57. Pieris Pharmaceuticals has a 12-month low of $1.88 and a 12-month high of $8.79.
Pieris Pharmaceuticals (NASDAQ:PIRS) last announced its quarterly earnings results on Wednesday, November 8th. The biotechnology company reported ($0.16) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.05. The company had revenue of $3.93 million for the quarter, compared to analyst estimates of $1.52 million. Pieris Pharmaceuticals had a negative net margin of 321.83% and a negative return on equity of 221.93%. Pieris Pharmaceuticals’s quarterly revenue was up 400.3% compared to the same quarter last year. equities analysts predict that Pieris Pharmaceuticals will post -0.62 earnings per share for the current year.
In other news, major shareholder Orbimed Advisors Llc sold 1,709,620 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $7.35, for a total value of $12,565,707.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 4.05% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Voya Investment Management LLC purchased a new stake in Pieris Pharmaceuticals during the 2nd quarter worth about $100,000. Wells Fargo & Company MN purchased a new stake in Pieris Pharmaceuticals in the 3rd quarter valued at about $105,000. Cetera Advisor Networks LLC purchased a new stake in Pieris Pharmaceuticals in the 4th quarter valued at about $124,000. Bank of Montreal Can purchased a new stake in Pieris Pharmaceuticals in the 4th quarter valued at about $144,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Pieris Pharmaceuticals by 1,106.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,785 shares of the biotechnology company’s stock valued at $161,000 after buying an additional 29,150 shares during the period. Hedge funds and other institutional investors own 50.78% of the company’s stock.
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Pieris Pharmaceuticals Company Profile
Pieris Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company’s pipeline includes immuno-oncology multi-specifics tailored for the tumor micro-environment, an inhaled Anticalin to treat uncontrolled asthma and a half-life-optimized Anticalin to treat anemia. Its Anticalins proteins are a class of low molecular-weight therapeutic proteins derived from lipocalins, which are naturally occurring low-molecular weight human proteins typically found in blood plasma and other bodily fluids.
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