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.

Large investors have recently modified their holdings of the company. Millennium Management LLC bought a new position in Aerpio Pharmaceuticals in the second quarter worth about $934,000. Nexthera Capital LP bought a new position in Aerpio Pharmaceuticals in the second quarter worth about $1,240,000. FMR LLC bought a new position in Aerpio Pharmaceuticals in the second quarter worth about $3,648,000. Vanguard Group Inc. bought a new position in Aerpio Pharmaceuticals in the third quarter worth about $3,331,000. Finally, Sphera Funds Management LTD. raised its stake in Aerpio Pharmaceuticals by 2.6% in the third quarter. Sphera Funds Management LTD. now owns 1,131,819 shares of the company’s stock worth $3,497,000 after buying an additional 28,265 shares in the last quarter. 0.37% of the stock is owned by hedge funds and other institutional investors.

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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