ProNAi Therapeutics, Inc. to Post FY2017 Earnings of ($0.85) Per Share, Jefferies Group Forecasts (SRRA)
ProNAi Therapeutics, Inc. (NASDAQ:SRRA) – Stock analysts at Jefferies Group upped their FY2017 earnings per share estimates for ProNAi Therapeutics in a report released on Thursday. Jefferies Group analyst M. Raycroft now forecasts that the biotechnology company will post earnings of ($0.85) per share for the year, up from their prior estimate of ($0.86). Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for ProNAi Therapeutics’ FY2019 earnings at ($0.83) EPS, FY2020 earnings at ($0.87) EPS and FY2021 earnings at ($1.10) EPS.
Other analysts also recently issued reports about the company. Zacks Investment Research downgraded ProNAi Therapeutics from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. ValuEngine upgraded ProNAi Therapeutics from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. ProNAi Therapeutics presently has an average rating of “Hold” and a consensus price target of $4.00.
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Shares of ProNAi Therapeutics (NASDAQ:SRRA) opened at $1.93 on Monday. ProNAi Therapeutics has a twelve month low of $1.10 and a twelve month high of $2.25.
ProNAi Therapeutics (NASDAQ:SRRA) last released its quarterly earnings data on Wednesday, November 8th. The biotechnology company reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.03.
A hedge fund recently bought a new stake in ProNAi Therapeutics stock. FMR LLC purchased a new stake in ProNAi Therapeutics, Inc. (NASDAQ:SRRA) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 197,100 shares of the biotechnology company’s stock, valued at approximately $302,000. FMR LLC owned approximately 0.38% of ProNAi Therapeutics at the end of the most recent quarter. Institutional investors and hedge funds own 55.65% of the company’s stock.
About ProNAi Therapeutics
Sierra Oncology, Inc, formerly ProNAi Therapeutics, Inc, is a clinical-stage drug development company. The Company’s lead drug candidate, SRA737, is orally bioavailable small molecule inhibitor of Checkpoint kinase 1 (Chk1), a key cell cycle checkpoint and central regulator of the deoxyribonucleic acid (DNA) Damage Response (DDR) network.
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