Zacks: Brokerages Anticipate Pieris Pharmaceuticals, Inc. (PIRS) to Post -$0.21 EPS
Wall Street brokerages predict that Pieris Pharmaceuticals, Inc. (NASDAQ:PIRS) will announce ($0.21) earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Pieris Pharmaceuticals’ earnings, with estimates ranging from ($0.21) to ($0.20). Pieris Pharmaceuticals reported earnings of ($0.14) per share in the same quarter last year, which indicates a negative year over year growth rate of 50%. The company is scheduled to report its next quarterly earnings report on Wednesday, November 8th.
According to Zacks, analysts expect that Pieris Pharmaceuticals will report full year earnings of ($0.83) per share for the current year, with EPS estimates ranging from ($0.84) to ($0.82). For the next year, analysts expect that the company will report earnings of ($0.85) per share, with EPS estimates ranging from ($0.86) to ($0.83). Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Pieris Pharmaceuticals.
A number of brokerages recently issued reports on PIRS. HC Wainwright set a $9.00 target price on shares of Pieris Pharmaceuticals and gave the stock a “buy” rating in a research report on Friday, August 11th. BidaskClub cut shares of Pieris Pharmaceuticals from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 26th. Finally, TheStreet cut shares of Pieris Pharmaceuticals from a “c-” rating to a “d-” rating in a research report on Monday, June 12th. Four equities research analysts have rated the stock with a buy rating, Pieris Pharmaceuticals presently has a consensus rating of “Buy” and an average target price of $9.00.
Pieris Pharmaceuticals (NASDAQ PIRS) traded down 2.04% on Wednesday, reaching $5.76. 601,941 shares of the company’s stock were exchanged. Pieris Pharmaceuticals has a 12 month low of $1.30 and a 12 month high of $5.83. The firm’s market capitalization is $255.21 million. The firm has a 50-day moving average of $5.39 and a 200-day moving average of $5.39.
In related news, insider Allan Reine acquired 65,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The shares were purchased at an average price of $4.82 per share, with a total value of $313,300.00. Following the acquisition, the insider now directly owns 45,000 shares in the company, valued at $216,900. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James A. Geraghty acquired 10,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The shares were bought at an average cost of $4.82 per share, for a total transaction of $48,200.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at $48,200. The disclosure for this purchase can be found here. Company insiders own 4.05% of the company’s stock.
Large investors have recently modified their holdings of the business. Renaissance Technologies LLC bought a new stake in Pieris Pharmaceuticals during the 1st quarter worth about $661,000. Sphera Funds Management LTD. grew its holdings in Pieris Pharmaceuticals by 10.0% during the 2nd quarter. Sphera Funds Management LTD. now owns 1,100,000 shares of the biotechnology company’s stock worth $5,566,000 after acquiring an additional 100,000 shares during the last quarter. Creative Planning grew its holdings in Pieris Pharmaceuticals by 8.3% during the 2nd quarter. Creative Planning now owns 65,000 shares of the biotechnology company’s stock worth $329,000 after acquiring an additional 5,000 shares during the last quarter. State of Wisconsin Investment Board bought a new stake in Pieris Pharmaceuticals during the 2nd quarter worth about $132,000. Finally, Acadian Asset Management LLC bought a new stake in Pieris Pharmaceuticals during the 2nd quarter worth about $162,000. 50.50% of the stock is currently owned by hedge funds and other institutional investors.
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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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