Zacks Investment Research Lowers ProQR Therapeutics N.V. (PRQR) to Hold
Zacks Investment Research downgraded shares of ProQR Therapeutics N.V. (NASDAQ:PRQR) from a buy rating to a hold rating in a research report released on Saturday morning.
According to Zacks, “ProQR Therapeutics B.V. is a biotech company. It is engaged in the discovery and development of RNA-based therapeutics for the treatment of severe genetic disorders, with an initial focus on Cystic Fibrosis (CF). The Company’s lead product candidate includes QR-010, a RNA-based oligonucleotide for the treatment of cystic fibrosis. ProQR Therapeutics B.V. is headquartered in Leiden, the Netherlands. “
PRQR has been the topic of a number of other reports. HC Wainwright restated a buy rating and issued a $40.00 price target on shares of ProQR Therapeutics N.V. in a research note on Tuesday, June 20th. ValuEngine upgraded ProQR Therapeutics N.V. from a strong sell rating to a sell rating in a research report on Friday, September 1st. Chardan Capital reiterated a neutral rating on shares of ProQR Therapeutics N.V. in a research report on Sunday, September 17th. JMP Securities raised their target price on ProQR Therapeutics N.V. from $14.00 to $20.00 and gave the company an outperform rating in a report on Tuesday, September 26th. Finally, Leerink Swann reissued an outperform rating and issued a $12.00 target price (up previously from $10.00) on shares of ProQR Therapeutics N.V. in a report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $16.50.
Shares of ProQR Therapeutics N.V. (NASDAQ:PRQR) opened at 4.80 on Friday. The firm’s market cap is $115.70 million. The stock has a 50 day moving average of $5.20 and a 200 day moving average of $5.05. ProQR Therapeutics N.V. has a 12 month low of $3.65 and a 12 month high of $8.70.
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Large investors have recently made changes to their positions in the company. Redmile Group LLC grew its holdings in shares of ProQR Therapeutics N.V. by 2.8% in the 2nd quarter. Redmile Group LLC now owns 1,596,275 shares of the biopharmaceutical company’s stock worth $8,301,000 after acquiring an additional 43,050 shares during the period. Janus Henderson Group PLC purchased a new position in ProQR Therapeutics N.V. in the 2nd quarter valued at approximately $2,028,000. Finally, Artal Group S.A. increased its stake in ProQR Therapeutics N.V. by 25.0% in the 2nd quarter. Artal Group S.A. now owns 500,000 shares of the biopharmaceutical company’s stock valued at $2,600,000 after purchasing an additional 100,000 shares in the last quarter. 35.93% of the stock is currently owned by institutional investors and hedge funds.
About ProQR Therapeutics N.V.
ProQR Therapeutics N.V. (ProQR), formerly ProQR Therapeutics B.V., is a pre-clinical stage biopharmaceutical company. The Company is engaged in the discovery and development of ribonucleic Acid (RNA)-based therapeutics for the treatment of severe genetic disorders. Utilizing its RNA repair technologies, the Company is developing a pipeline in severe genetic disorders, such as cystic fibrosis (CF) and Leber’s congenital amaurosis (LCA).
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