Protagonist Therapeutics, Inc. (NASDAQ:PTGX) Posts Quarterly Earnings Results, Misses Expectations By $0.70 EPS
Protagonist Therapeutics, Inc. (NASDAQ:PTGX) issued its quarterly earnings results on Tuesday. The company reported ($0.89) earnings per share for the quarter, missing the consensus estimate of ($0.19) by $0.70, Bloomberg Earnings reports.
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In other news, insider David Y. Liu sold 3,500 shares of Protagonist Therapeutics stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $12.68, for a total value of $44,380.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
PTGX has been the subject of several recent research reports. Zacks Investment Research cut Protagonist Therapeutics from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. BTIG Research initiated coverage on Protagonist Therapeutics in a research note on Friday, July 21st. They issued a “buy” rating and a $36.00 price target for the company. Finally, BMO Capital Markets increased their price target on Protagonist Therapeutics from $34.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, May 31st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $27.60.
Protagonist Therapeutics Company Profile
Protagonist Therapeutics, Inc is a clinical-stage biopharmaceutical company with a peptide technology platform focused on discovering and developing new chemical entities (NECs) to address significant unmet medical needs. The Company’s product pipeline includes PTG-100, PTG-200 and PTG-300. Its primary focus is on developing oral peptide drugs that target biological pathways also targeted by marketed injectable antibody drugs.
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