ValuEngine Lowers Pieris Pharmaceuticals (PIRS) to Sell
Pieris Pharmaceuticals (NASDAQ:PIRS) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.
Separately, HC Wainwright set a $9.00 price target on shares of Pieris Pharmaceuticals and gave the stock a “buy” rating in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Pieris Pharmaceuticals currently has an average rating of “Buy” and an average price target of $9.00.
Shares of Pieris Pharmaceuticals (PIRS) opened at $6.07 on Friday. Pieris Pharmaceuticals has a twelve month low of $1.34 and a twelve month high of $6.65.
Pieris Pharmaceuticals (NASDAQ:PIRS) last posted its quarterly earnings results on Wednesday, November 8th. The biotechnology company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.05. The business had revenue of $3.93 million during the quarter, compared to analysts’ expectations of $1.52 million. Pieris Pharmaceuticals had a negative net margin of 321.83% and a negative return on equity of 221.93%. The firm’s revenue was up 400.3% compared to the same quarter last year. research analysts anticipate that Pieris Pharmaceuticals will post -0.72 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC acquired a new position in shares of Pieris Pharmaceuticals during the first quarter valued at about $661,000. Sphera Funds Management LTD. grew its holdings in shares of Pieris Pharmaceuticals by 10.0% during the second quarter. Sphera Funds Management LTD. now owns 1,100,000 shares of the biotechnology company’s stock valued at $5,566,000 after buying an additional 100,000 shares during the last quarter. Teachers Advisors LLC acquired a new position in shares of Pieris Pharmaceuticals during the second quarter valued at about $308,000. First Quadrant L P CA acquired a new position in shares of Pieris Pharmaceuticals during the third quarter valued at about $473,000. Finally, Schwab Charles Investment Management Inc. acquired a new position in shares of Pieris Pharmaceuticals during the second quarter valued at about $292,000. Hedge funds and other institutional investors own 50.45% of the company’s stock.
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About Pieris Pharmaceuticals
Pieris Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company’s pipeline includes immuno-oncology multi-specifics tailored for the tumor micro-environment, an inhaled Anticalin to treat uncontrolled asthma and a half-life-optimized Anticalin to treat anemia. Its Anticalins proteins are a class of low molecular-weight therapeutic proteins derived from lipocalins, which are naturally occurring low-molecular weight human proteins typically found in blood plasma and other bodily fluids.
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