Aerpio Pharmaceuticals Inc (ARPO) Director Acquires $118,800.00 in Stock
Aerpio Pharmaceuticals Inc (OTCMKTS:ARPO) Director Muneer A. Satter bought 60,000 shares of the business’s stock in a transaction that occurred on Friday, November 30th. The stock was bought at an average price of $1.98 per share, with a total value of $118,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
OTCMKTS ARPO opened at $2.10 on Thursday. Aerpio Pharmaceuticals Inc has a 12-month low of $1.75 and a 12-month high of $5.50.
Aerpio Pharmaceuticals (OTCMKTS:ARPO) last posted its quarterly earnings results on Wednesday, November 7th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.06). The business had revenue of $18.82 million for the quarter, compared to analyst estimates of $18.67 million.
Several research analysts recently issued reports on the stock. HC Wainwright set a $9.00 target price on shares of Aerpio Pharmaceuticals and gave the stock a “buy” rating in a research report on Thursday, November 8th. Zacks Investment Research lowered shares of Aerpio Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday, October 16th. Finally, Guggenheim assumed coverage on shares of Aerpio Pharmaceuticals in a research report on Wednesday, September 19th. They issued a “buy” rating and a $10.00 target price for the company.
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About Aerpio Pharmaceuticals
Aerpio Pharmaceuticals, Inc, a biopharmaceutical company, develops and commercializes proprietary therapeutics for treating ocular diseases. The company's lead product candidate is AKB-9778, a small molecule activator of the tie-2 pathway, which completed Phase 2a clinical trials for the treatment of diabetic macular edema.
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