Five Prime Therapeutics, Inc. (NASDAQ:FPRX) had its price target hoisted by Royal Bank Of Canada from $41.00 to $50.00 in a research report report published on Monday, Marketbeat.com reports. They currently have an outperform rating on the biotechnology company’s stock.

A number of other equities research analysts also recently commented on the stock. Zacks Investment Research raised shares of Five Prime Therapeutics from a sell rating to a buy rating and set a $49.00 price objective on the stock in a research report on Monday, October 16th. ValuEngine raised shares of Five Prime Therapeutics from a strong sell rating to a sell rating in a research report on Friday, September 1st. BMO Capital Markets reissued a hold rating and issued a $39.00 price objective on shares of Five Prime Therapeutics in a research report on Friday, September 22nd. BidaskClub downgraded shares of Five Prime Therapeutics from a sell rating to a strong sell rating in a research report on Wednesday, August 2nd. Finally, Jefferies Group LLC reissued a buy rating and issued a $52.00 price objective on shares of Five Prime Therapeutics in a research report on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating and seven have given a buy rating to the company. The company presently has an average rating of Buy and an average target price of $64.00.

Shares of Five Prime Therapeutics (FPRX) traded down $4.04 during mid-day trading on Monday, hitting $26.40. 495,209 shares of the stock traded hands, compared to its average volume of 636,075. Five Prime Therapeutics has a 52-week low of $21.41 and a 52-week high of $60.98.

Five Prime Therapeutics (NASDAQ:FPRX) last announced its earnings results on Monday, November 6th. The biotechnology company reported ($1.54) earnings per share for the quarter, missing the consensus estimate of ($1.35) by ($0.19). Five Prime Therapeutics had a negative return on equity of 41.57% and a negative net margin of 408.42%. The business had revenue of $8.33 million for the quarter, compared to analysts’ expectations of $16.16 million. During the same period in the previous year, the company earned ($0.72) earnings per share. Five Prime Therapeutics’s quarterly revenue was up 24.7% on a year-over-year basis. research analysts anticipate that Five Prime Therapeutics will post -5.5 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Royal Bank Of Canada Boosts Five Prime Therapeutics, Inc. (FPRX) Price Target to $50.00” was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another domain, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The legal version of this story can be accessed at https://www.watchlistnews.com/royal-bank-of-canada-boosts-five-prime-therapeutics-inc-fprx-price-target-to-50-00/1690855.html.

In related news, Director William R. Ringo sold 600 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $45.33, for a total transaction of $27,198.00. Following the completion of the sale, the director now owns 600 shares in the company, valued at approximately $27,198. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William R. Ringo sold 1,800 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $40.26, for a total transaction of $72,468.00. Following the sale, the director now owns 1,200 shares of the company’s stock, valued at approximately $48,312. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,400 shares of company stock valued at $175,666. 6.50% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of FPRX. Renaissance Technologies LLC acquired a new stake in Five Prime Therapeutics during the 1st quarter worth $16,734,000. State Street Corp lifted its stake in shares of Five Prime Therapeutics by 25.7% in the 1st quarter. State Street Corp now owns 1,249,520 shares of the biotechnology company’s stock worth $45,175,000 after acquiring an additional 255,488 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Five Prime Therapeutics by 162.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 298,395 shares of the biotechnology company’s stock worth $8,984,000 after acquiring an additional 184,888 shares during the period. Pictet Asset Management Ltd. lifted its stake in shares of Five Prime Therapeutics by 51.4% in the 3rd quarter. Pictet Asset Management Ltd. now owns 468,088 shares of the biotechnology company’s stock worth $19,150,000 after acquiring an additional 158,863 shares during the period. Finally, Artal Group S.A. acquired a new stake in shares of Five Prime Therapeutics in the 2nd quarter worth $4,517,000. Hedge funds and other institutional investors own 84.08% of the company’s stock.

Five Prime Therapeutics Company Profile

Five Prime Therapeutics, Inc is a clinical-stage biotechnology company focused on discovering and developing protein therapeutics. The Company’s product candidates include Cabiralizumab (FPA008), which is an antibody that inhibits colony stimulating factor-1 receptor, that it is studying in clinical trials as a monotherapy in pigmented villonodular synovitis, and in multiple cancers in combination with programmed-death 1 immune checkpoint inhibitor, Opdivo; FPA144, which is an antibody that inhibits fibroblast growth factor receptor 2b, that it is initially developing to treat patients with gastric (stomach) cancer and is in a Phase I clinical trial, and FP-1039, which is a fusion protein that traps and neutralizes cancer-promoting fibroblast growth factors, involved in cancer cell proliferation and new blood vessel formation and is in Phase Ib clinical development to treat patients with malignant pleural mesothelioma.

Analyst Recommendations for Five Prime Therapeutics (NASDAQ:FPRX)

Receive News & Ratings for Five Prime Therapeutics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Prime Therapeutics Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.